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Category: Property (210 articles)

VIVA View: Spain’s compensation ruling is a sign of a maturing property market

Spain's property market is far more mature and transparent these days.

It always felt doubly cruel. Not only were homeowners who had unwittingly purchased illegally built property told that their homes would be demolished, but they also learned that they would, in the process, lose everything.

No compensation. No money. No ‘our hands are tied’ apology. Nothing. Appeals could be lodged, court hearings could be made, but the bottom line remained unwavering: homes built illegally would have to be demolished. No exceptions.

Not only did this scandalous behaviour turn the dreams of thousands into an unending nightmare, but it also served to damage Spain’s property market – and the country’s wider reputation – in the eyes of foreigners…

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Author:Ian Clover 20/03/2015 [0] Comments 
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Spain approves compensation law for homeowners faced with property demolition

While the sorry sight of demolished homes will continue, at least homeowners will now be properly compensated.

Thousands of homeowners who bought a property in Spain that has since been declared illegal breathed a huge sigh of relief this week as the laws relating to compensation were amended in their favour.

A change to Spain’s penal code was passed by the ruling Mariano Rajoy-led government that dictates judges must ensure that property owners who purchased an illegally built house in good faith are compensated before any demolition order is passed.

This long overdue legal change could positively impact thousands of homeowners – which includes many Brits – who had previously faced the prospect of losing their home and their investment under the old law…

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Author:Ian Clover 17/03/2015 [0] Comments 
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Five ways to a sun-kissed retirement in Spain

Life's a beach for retirees who plan their move to Spain carefully.

The dream of retiring to Spain is made a reality by thousands of Brits every year. Often, the hardest part of making the move is convincing yourself that you can, that you deserve to, and that you won’t regret your decision.

But even when you have decided that a Spanish retirement ticks all the right boxes for you, there are still a few things that you have to do to ensure that your twilight years are as enjoyable, comfortable and relaxing as possible…

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Author:Ian Clover 16/03/2015 [2] Comments 
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Global media note Brits' rekindled love affair with Spanish property

Read all about it: Spain's property market has returned to rude health, and the world's media has noticed.

The media loves a good bad news story. The more lurid the headline, the more it lurches out at you from the newsstand. The more dramatic the detail, the more engrossed the reader. Living vicariously through the whims of the world is what people do, and when things go bad, readership rates rise.

Not 12 months ago this trend certainly held true for the Spanish property market, with the UK media particularly keen to stick the boot in at the merest whiff of trouble. From Brits fleeing the Costas in their droves to pensioner expats being issued with demolition notices, anything that could be deemed damaging to Spain’s property industry was given prominence in much of the national media.

But what a difference a year makes

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Author:Ian Clover 13/03/2015 [0] Comments 
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Spain’s Golden Visa scheme attracts 530 applicants

A luxury home AND the right to reside in Spain? The Golden Visa is an attractive scheme for many

Since its launch 15 months ago, Spain’s Golden Visa scheme – introduced to attract wealthy non-EU investors to the country’s property market – has so far registered 530 applicants.

The Visa scheme grants automatic residence and working rights in Spain to individuals who spend more than €500,000 on property in Spain. Such an investment can be spread across a portfolio of properties, and investors can include their family, dependants and unmarried partners in the visa – an added attraction that has evidently appealed to a large handful of Chinese, Russian and Arab investors…

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Author:Ian Clover 11/03/2015 [6] Comments 
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Brits drawn to affordable Spanish beach property

Obvious attracts: the allure of beachside Spanish property is proving strong to British buyers

The resurgent strength of the Spanish property market is manifesting in a greater desire among British buyers for affordable beachside homes – something that Spain has in droves.

Underpinned by the country’s wider economic recovery, the Spanish property market has begun to recover the gusto that characterised it at the turn of the millennium, only this time with greater transparency and appeal to discerning British buyers…

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Author:Ian Clover 05/03/2015 [0] Comments 
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Spanish house prices post first nationwide rise since 2008

Although slight, the nationwide recovery in Spanish property prices is an encouraging sign for the market

House prices in Spain recorded their first nationwide average increase since 2008 last month, as the recovering property market spreads across the entire country.

Data from the Public Works Ministry showed that the trend began in the last quarter of 2014, with prices for existing homes across Spain rising in value by 0.5 per cent at the end of the year…

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Author:Ian Clover 02/03/2015 [0] Comments 
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Chinese tourists and investors eye Spanish holidays and property

The typical Chinese tourist spent €2,040 on average in Spain last year

As China’s economic might continues its slow trickle down to the millions of newly-created Chinese middle class, an increasing number of Chinese citizens are flocking to Spain to snap up Spanish property and enjoy holidays by the Med

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Author:Ian Clover 27/02/2015 [1] Comment 
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Costa del Sold! Spain gains again as property market picks up

Spain's property outlook for 2015 looks more assured than it has done for years.

The winters of discontent that have damaged southern Spain’s tourism, hospitality and real estate industries in recent years have skidded to an abrupt halt in 2015.

Despite the Costa del Sol shivering through one of its coldest winters in around a decade so far in 2015, data from its property industry is sure to warm the heart…

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Author:Ian Clover 26/02/2015 [0] Comments 
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How to enjoy home comforts when moving to Spain

You don't have to give up the things you love about Britain when you move to Spain

A great deal of the queries we at VIVA receive from people looking to buy a property in Spain concern the availability of the types of home comforts one is used to in the UK.

From food to healthcare, it is understandable that Brits considering a move overseas ask such questions, which is why VIVA’s pages are packed full of accurate and up-to-date information explaining the hows, whys and wherefores of what you will need to do when you move…

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Author:Ian Clover 25/02/2015 [0] Comments 
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