Property Sale

Tips To Sell Your Property Faster

More often than not, house sellers would prefer to sell their home quickly. With an abundance of Agents to choose from it can pretty overwhelming to pick one to choose to handle the sale of your property. Here we are going to list some of the services you should check for when browsing agents or tips you should simply do yourself if you are selling privately. Here is what you should do to sell your property faster.

Photos & Lighting

Real Estate Photographer

This may seem obvious & more frequently we see sellers hiring professional photographers which is great! We live in a digital age where your house will be listed on a property portal or agent website in-between hundreds or thousands of other homes for sale, and your home will be judged by its first appearance which will often be the online photographs.

A few things you should keep in mind for selling your home fast is that people prefer photos of large & well lit spaces. If browse your agents website & find many photos are dark & don’t show off the larger areas then hiring a photographer can make your house stand out against the bleak row of houses listed alongside your property.

 

Neutralise

Neutral Property Colours

It may be hard to believe, but not everyone has the same taste as you, many people like to make a property their own & this can be hard to imagine for potential buyers if you leave clutter everywhere, have bold colours & “unique” furniture. The best approach is to place your more personal belonging into a storage unit or if that’s not an option place them out of direct view, stored away in the garage for example.

Neutral pastel colours, whites or creams on the walls will help make the property inoffensive in the eyes of potential buyers, making it easier to sell your property.

Be Prepared

Property Contract

Just like you want to sell your property fast, once a buyer has deiced that your property is the one want, they will want to buy it as soon as possible. Have all your documents & paperwork ready, have your home inspections & valuations done ahead of time, this may seem obvious & frequently it is a requirement to have all your papers in order by your agent before listing it but this should not be overlooked, you would be surprised how frequently a deal can break through because a piece of paper that was not prepared ahead of time.

 

Pricing To Sell Your Property

Property Pricing

Some buyers have very specific requirements for their new properties, for your property to even be considered to make it into the final “pool” of choices for buyers the price must not exceed their budget by too much. Your pricing should be realistic, unfortunately for many the 2008 crash left many with a property value far lower than their purchase price but don’t give up hope, in 2018 in the Spanish Property Prices have been rising & many British buyers have not been turned away by Brexit.

Finally, you should finish with giving your property the TLC it needs, get all the inexpensive repairs done, replace the dud bulbs, paint over the furniture marks, clean the windows, do the gardening & make sure the pool still receives regular maintenance. Every small nitpick a potential buyer encounters might just be the last straw to turn them away from your property & they may not even realise it! Although they won’t realise it right away, more often than not the buyer will think back to the perfect property, with large open spaces, good lighting & ready to move into oppose to the property with a chip in the tiles with the needs the walls painting.

 

We understand that it’s a very broad scope to try and cover each unique property, seller & buyer and that there are always exceptions to every situation, however following these basic but frequently overlooked tips will increase your odds and making a sale.

Find Us On Facebook
Find TopSpainproperty on Facebook
Spanish Property Phrases Top Spain Property

Spanish Property Phrases

If you’re moving to Spain & looking to buy a property, there are some essential Spanish property phrases you should probably learn so you know exactly what you’re looking at if you end up deciding to browse Spanish websites or buying through a Spanish agent. We will break down the words and phrases into 3 sections, essential ones where you can learn the minimum you need to understand the fundamentals, the basic words so you can get a better understanding and the more advanced phrases which will teach you some more specific or niche Spanish property jargon.

Essential Spanish Property Phrases

These are the bare minimum to help you understand the basic information displayed on most Spanish agent websites.

Dormitorio = Bedroom
Cuarto de baño / baño = Bathroom
Garaje = Garage
Casa = House
Jardín = garden
Cuarto = Room

Basic Spanish Property Phrases

These phrases are a little bit more specific but might just help you find the exact features you want from your new home

Aire acondicionado = Air Conditioning
Aparcamiento = Parking
Ascensor = Lift / Elevator
Balcón = Balcony
Bien situado / comunicado = Good Location
Calle mayor = Main Street
Cocina = Kitchen
Comedor = Dining Room
Trastero = Storage Room
Vista = View
Amueblado = Furnished

Advanced Spanish Property Phrases

These phrases will help you look for niche items when browsing properties in Spanish.
A Estrenar = Brand New
Adosado/Pareado = Semi Detached
Antiguo/a = Old / Antique
Apartamento/piso duplex = Duplex apartment / flat
alquiler = Rent/ For Rent
Armario empotrados = Fitted Wardrobes
Ático = Penthouse / Top Floor With Terrace
Buen estado = Good Condition
Calefacción general = Single boiler heats a building; occupants cannot control when it is turned on or off. Cost are divided.
Calefacción individual = House with its own boiler; the occupant can control the heat as desired and pays for individual use.
Chalet = Detached house / villa
Cortijo = Country house / farmhouse
Independiente = Detached
Mediodia orientación = South Facing
Lujo = Luxury

 

Spain Monopoly

Property Price Forecast 2018

2017 was a very healthy year for property prices in Spain with an estimated growth of 6.9% over the year according to Anticipate. The property price forecast for 2018 shows a very similar trend, with estimates of around 6% growth leaving it slightly behind 2017 but still a healthy growth in price and a great opportunity for buyers to get capital gains on the properties they purchase at the start of 2018. These property price forecasts are set to hold an upward trend provided there is no dramatic economical impact from the current Catalonia situation.

Catalonia Votes

Independence For Catalonia

Catalonia has been the topic on many people’s minds and some have even begun comparing it to Brexit, although on a much smaller scale. For those unaware, Catalonia (notably Barcelona) have been fighting for independence, and the referendum dictated that approximately 90% of the Catalonians want independence. Why does this matter? Because Catalonia is a large source for all Spain’s wealth and many are uncertain of the economical impact this will have. However, with the Madrid Government having taken over and replacing the Catalonians, we will have to wait and see if there will be any action taken or if the vote becomes dismissed. Government officials have spoken out about not wanting to negotiate with Catalonia if they decided to pursue the independence, many of them are angry with the decisions taken by the Catalonian government. The bank Caixa has decided to remove its headquarters from Catalonia until it is made clear on what is destined for Catalonia.

Overall Property Price Forecast

Now that you’re up to speed on the situation in Catalonia, we’d like to add that not even the government is certain on whether to grant Catalonia its independence, and if it did occur, nobody is certain what exact effect it will have on the property market apart from that some of the most expensive properties in Spain can be bought here and that some major property companies in the Catalonia area have seen their shares drop by over 5% each. Despite all of the political drama it has had no effect so far on the rest of Spain’s property prices or its forecast. We end this article by presenting you with some forecasts by Mark Stucklin from Spanish Property Insight. Stucklin tells us that the companies forecast is 85% higher in 2018 than it was in 2013 but it is still 42% lower than it’s peak in 2006 where more than 900,000 Spanish properties were sold. Keeping this in mind, the property prices currently seem to be at a good price with much potential to rise over the coming years.

Spain Property Price

Spain Property Prices – Then VS Now

Using the above graph as reference (sourced from tradingeconomics.com) we can clearly see that the price of properties in Spain is on the rise. Spain property prices have been forecast to continue rising and many people are taking advantage of this by buying their properties now.  Spain continues to be cheaper than the UK with its average price per square meter being lower, you can find out more about this in our article HERE. Many Brits are still buying in Spain despite Brexit and it is barely affecting the property market at all, so if you’re worried, you needen’t be. The price of properties in Spain has been on the rise consistently since 2014 each year. Many property owners are excited to see their homes increase in value each year.

Are Spain’s Property Prices Stable?

 

A History of Spain’s Property Prices

 

It would appear that following these forecasts you have a very stable investment. To further back this up we can see that there has been an annual increase in home sales in Spain. This increase is a staggering 18%. Looking at the chart above  we can see that we haven’t reached nearly as high as the potential maximum property prices. The most positive reading from this chart is that over the last few years the increase of Spain’s property prices has been very steady, unlike previously where between 2004 to 2008 we saw huge jumps in property prices which ultimately was corrected by the recession and the property price “bubble” being “popped”. A slower and more reliable increase means it is less likely for a sudden reversal of property prices.

 

Property Rentals

To finalize we would like to add that rentals in Spain are also seeing their fair share of positive news, so if you are looking to purchase your home in Spain as a potential investment & rental home you are in luck. In only the first quarter of 2017 rental homes have seen an average increase in price of 8.8%. Of course this varies in different regions but the popular expat destinations such as the Islands and costas are seeing an increase of people looking to rent and less availability as home owners become more strict with who they chose to let their property to. With the increase of popularity of these areas and a wider scope of potential tenants many home owners are receiving a decent monthly income from their rental properties.

 

Spanish Flag with the word Brexit written on it

Brits are still moving to Spain despite Brexit

The high cost of properties in Britain has pushed many Brits to take the leap of faith and end up moving to Spain, which is an extremely popular choice among Brits. Figures from 2015 show that 1 in 5 properties sold to foreigners are sold to Brits! The study shows that almost 13% of all properties sold that year in Spain were sold to foreigners and out of all those properties sold, nearly 20% was sold to Brits.

What about Brexit?

Now with article 50 being triggered earlier this year and Brexit having many people worried about what to do with the Great British Pound being at a low, it would seem that all of this has had a negligible impact on Brits buying their dream homes abroad. A study performed by Spanish Legal Reclaims shows us that 55% (more than half!) of Brits who are considering to purchase a property abroad say that Brexit has no impact on their choice, and a staggering 10 percent have said that they’d be more likely to purchase a property abroad.

Expats in Spain

Spain is the favorite winning with 45% of votes, France being second with 37%. So, who else is moving to Spain right now? Well the runners up after the Brits are the French and then the Russians.

There are now over 750,000 people with British nationality officially living in Spain, most of them move to Spain’s tourism areas, the canary & Balearic islands, Murcia (Costa Blanca) and Andalusia (Costa Del Sol) being the most popular destinations. Property prices in Spain are on the rise and the housing market is healthy & active, although not as booming as before the crisis, figures are on the rise.

UK Property prices vs Spain

Apart from the sun, why are so many Brits moving to Spain? As the title suggests, price in properties. In the UK, the average price of a house per square meter is £2,216 or as high as £11,321
in some areas of London. Now lets compare that to Malaga, one of the most sought after areas to live in Spain by many Brits, here the average price per square meter is 1,662 and areas such as Valencia are 952 per square meter! After taking the exchange rate into account, the cheaper living costs and the average of almost 3,000 hours of sunshine each year, it’s clear to see that regardless of Brexit, buying abroad remains as popular as ever.

Malaga Spain
Malaga – Spain