Posts tagged with "javea property for sale"

Moraira Property Update Feb 2011

The end of February 2011 is drawing in and before writing another news blog again, we thought we would see what kind of start to the New Year we, and many others, would have as far as the Moraira property market is concerned.

Looking back and having had a very difficult 2009, at the beginning of 2010 we thought the year ahead would be nothing short of a disaster. However, what we did not appreciate was the knock on effect of low bank interest rates and how this would change the mind set of savers.
Throughout 2010 and to our surprise we experienced a glut of cash buyers that seemed to come from nowhere, but they all had one thing in common, they were all removing savings from there banks and wanted to purchase property in Spain to enjoy the dream, which in essence boils right down to a fabulous climate.

Some liked the idea of their asset being income bearing if required and many hoped their investment had a good chance of future capital growth, but most did not really care as it is something to be enjoyed today by all, knowing full well that long term the property/asset will have good upside potential, which is more than one can say about having too much cash lying around. The fact is, most of us seem to be getting less value for cash/money each day.

Consequently, 2010 has turned out to be one of our best years to date and we have had many satisfied customers as a result of our property finding services! We work hard for our clients and manged to find many fantastic properties offering exceptional value for money, whilst avoiding the "lemons”, if you are familiar with this phrase used for poor second hand cars!

Having spoken to many leading estate agents in Moraira, they have all reported increased sales throughout last year, however enquiry levels for most, including ourselves, tended to drop slightly from November to the end of January but this can be put down to the seasonal changes. The good news is that it has gone ballistic again and with so much bad news about it takes a lot of understanding as to why property continues to sell, so we try to make some sense of it all rather than just talk it up for the sake of it.

Regardless of all the doom and gloom we hear on the news, we still have a grab your savings and go long on property mind set/trend, well for Moraira and Javea at least.
Already this year has set new records for us and many others in terms of actual sales not just enquiry levels.

Obviously there are many bargains around, it’s the sign of the times but if there are bargains to be had, we find them as we work with every estate agent in the area and beyond, including those off the beaten track, which surprisingly can have some very tasty properties from time to time!

You still need to be careful though if you want to find a genuine bargain. Many so called bargains can be fundamentally flawed and in most cases have been reduced time and time again. So please be extra careful that you do not make the wrong compromises. You may one day regret what you inherited.

As sure as eggs are eggs, fundamental compromises will rear their head again in the future, especially when you come to sell your property. We help our clients make the right decisions based upon the comprehensive feedback we glean from the expectations of previous clients, that in essence dictate what sells and fundamentally what doesn’t.
We are well placed to advise and drill down every aspect with you, so being open with us is the only worth while policy to have.
Consequently, we have many satisfied customers whom have decided to use our dedicated property finding services, thus saving time, money and in the process buying a property well worth while and one that will always be highly desirable in the future.

There have also been many properties sold in Javea during 2010 and many have reported a busy start to 2011, so it would seem the pattern is similar.
In particular the Dutch have been very busy snapping up many property bargains all over.
We have also seen a significant increase in British clients and we think the trend will continue throughout 2011 from the number of enquiries we are getting from the UK.

We obviously speak to many clients and it would seem the worse it gets in the UK the more disillusioned and unsatisfied the people become and for those lucky enough to afford and enjoy another lifestyle, that’s exactly what they are doing because they realise life is too short and do not wish to wait for the promise of better government, honest banks or sound economics. It’s just not going to happen, well for many years to come at least. This is one of the main reasons why property has been and will continue to be sold, providing it is in a highly desirable location, like Moraira and Javea.

So glad we chose Moraira as a place to live! We are some of the lucky ones but we made it happen.

Until next time happy property hunting.

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Posted by on 02/23/2011 18:24:00

Javea Property For Sale update

Sketch of Javea Montgo Villa for Sale

Sketch of Javea Montgo Villa for Sale

The Euro zone nations have recently been leading the way as far as Javea property for sale and Moraira property for sale is concerned. Buyers from the UK still think that property for sale in Javea or property for sale in Moraira is overpriced even though there has been a significant price reduction.

The recent fall, yet again, in sterling means the UK buyers are no better off regardless of a 20 –30% price drop on average. The UK media coverage says that the prices have fallen sharply in Spain and you can pick up villas at a fraction of the original cost.

This generalization is not true of the Javea and Moraira property market. In all fairness the prices have held up very well. I think a lot of this is more to do with the fact that Moraira and Javea are very well established areas full of villas of a more bespoke nature for the more discerning client. Yes there has been a property boom here too but it has not been built up in the same way as the massive purpose built housing estates to the south of Alicante, created at a price to sell to the masses.

This is where we see massive problems and consequently massive price reductions. Unfortunately the media rarely make any distinction between the prosperous areas and the not so prosperous areas. Remember bad news sells papers!

There are various articles about Moraira and Javea that may go some way to explain why these areas are so highly desired. If you are thinking about investing in a holiday home it is well worth while to do as much research as you possibly can and hopefully this website will aid you in some way. If you prefer to speak with one of us directly please feel free to do so, we don’t bite! Or you may want to view some properties for sale in javea or properties for sale in Moraira

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Posted by on 10/04/2009 16:40:00

moraira property for sale

Moraira El Portet villa for sale

Moraira El Portet villa for sale

Property for sale in Moraira and property for sale in Javea is still proving to be very resilient to the huge price reductions seen elsewhere, predominantly in the mass developed areas where we have seen dramatic price reductions.
Having seen the thousands of properties on the many housing estates in these areas, it’s no wonder!

For those British property owners in Moraira and Javea that have to sell, we have seen on average a reduction of up to 30% in sales prices to reflect the devaluation of sterling. But that’s it apart from a hand full of very distressed property sales. The market is ticking along with lots of lookers but not so many buyers unless a real bargain comes up. Still there are properties being sold and recently have seen an upward trend in activity. I think significant recovery will be a long time coming but recover it will if history is anything to go by.
As to what level and when is anyone’s guess Comments appreciated.

Sterling has recently made some significant increases against the euro and British sellers are now not wishing to negotiate as much as they once were. In fact some sellers have actually increased the sales price to reflect the stronger pound. The reduction was literally based on the poor purchasing power of the pound against the euro in the first place. But even with the 30% price reduction the British are only where they were two years ago when sterling was at 1.45 So nothing has really changed! That’s why we have lost such a significant amount of British buyers and the ones that exist, some 15% of what we once had, are looking for real bargains.

All things considered, I personally think price increases at this stage are rather short sighted, as the majority of recent sales have been led by the euro zone countries taking full advantage of the price corrections fuelled by the devaluation of sterling. If British owners are unwilling to negotiate or in some recent cases, increase their prices simply because of the recovery in sterling, they risk losing not only the few British buyers around but also the many buyers from the euro zone countries.
If you are trying to sell your property in this market, one has to assume that the majority of you are pretty desperate to sell because now is not the time to do it. Buyers know this and will put in, what may seem to you as, ridiculous offers. If you do not wish to be insulted by low offers, it might be worth your while considering the possibility of removing your property from the market thus saving everyone’s time.

Lets face it, low prices and easy lending created the property boom here in Spain and consequently prices escalated. Today, easy lending has gone and so too have the second homes and inflated prices with it.
The big gains you thought you had are simply not there. If you bought midway or at the end of the property boom, you would do well to recover what you invested in the first place. Many are doing just that to make a sale. Needs must!

It’s affected us all. I am one as well and we all have to face it whether we are selling or not. The majority of house prices have fallen by at least 30% and for those that have to sell the prices need to reflect what the majority of buyers can afford. Scary stuff but the market always dictates and there are always winners and losers.

The days of easy lending, over valuations and 80- 100% mortgages etc.. are no more. Today, Spanish mortgages can be very difficult to obtain, then it’s only 50 to 60% of the price paid and then subject to much scrutiny, excellent proof of income and job security. Most used to re mortgage their main residence in their native county to afford a second home here in Spain and simply come out as cash buyers. Those were the day’s!
Property prices in Spain have risen over the years to such an extent that it has become virtually impossible for people to raise enough finance, based upon the inflated equity in their main residence as they once did.
Their house prices have fallen in value and with it have gone the easy to obtain second mortgages.
So, how then are people, other than investors with liquidity, going to be able to finance a property purchase?

Unless buyers have sold their main residence and achieved a good sales price, which is highly unlikely, then paid off their mortgage and have enough surplus to buy a Spanish home, mortgaged or not, plus leave some money in the bank for a little capital; I think it’s going to be difficult to make a sale unless you drop lucky.

How many people do you know with say 350 – 500k cash in the bank? Personally, I think you could be waiting a very long time before your property sells unless you negotiate really hard. A bird in the hand is worth two in the bush!

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Posted by on 07/02/2009 18:25:00