| For those who believe
that Spain has priced itself out of the investment
property market - think again!!! There are still many little
gems in this beautiful region of Spain that are within
the lower end of the market prices - we just have to look
harder to find them for you!
Valencia region has been a
property investors dream for some time now and in more
recent years has joined the top end of the market, with
luxury Spanish villa's and apartments in 'used to be'
cheap areas. Many people now believe that this region along
with the rest of Spain, is becoming over priced and so
is not the top of the list of places to invest abroad.
However, we, at Xatva Property SFM
Property Service are still
seeking out Spanish property for clients with lower budgets.
And there are still many hidden away in this region.
We spend a lot of time, with local
Spanish people and because we deal directly, we
are able to get these Spanish properties at realistic
prices. There are also many small villages and Pueblo's
in previously unheard of areas that are now joining
the property investors list. We are finding more and
more people are dumping the crowded coastline and coming
inland to enjoy the peaceful and tranquil 'real'
Spanish way of life. And hidden in the countryside
around the beautiful area we promote are our stash
of 'little gems'.
For instance, take the town of Xativa,
Valencia. A large and historic town full of shops
that range from your cheap 1€ bargains to your exclusive
1000€+
designer labels, café bars for your tapas and bocadillo,
to your five star gourmet restaurant. An unknown place,
only 30 minutes inland from the golden coastline of Tavernes,
until very recently. In the last couple of years this place
has become more and more popular with Spanish property investors,
but is still unspoilt and really Spanish. The town is overlooked
by the large Castle at the top of the mountain and has views
that take your breath away. A romantic place that seems
to capture the hearts of those who visit it.
When it comes to buying in and around
this area, one of the things that people want to know is what
to expect for your money. So, as a guide, we hope the following
will help.
Spanish
Property under €100.000 euro: Here is
a multitude of mixed chalets, villa's, finca's and
village houses. Generally speaking you can expect to
have to reform considerably, new kitchen, bathroom,
not necessarily because they don't function, but because
they will be old and probably not in particularly good
condition. The lower you go under 100.000 euro the
more likely you will need to do some construction work,
like knocking down walls to make bigger, or building
up walls that are basically falling down and anything
below 50.000 euro is likely to be in need of total
reform possibly including new roof. In many cases electricity
and water may not be connected and so these are all
factors that need to be considered when looking for
a 'cheap' property.
Property
between €100.000 -
€150.000 euro: Although there are a considerable
number of properties in this price range that are habitable
in most cases you can expect to put in a new kitchen and bathroom.
That said, there are many that you could just decorate and
move into if you like the traditional 'Spanish' style. The
amount of work differs greatly between say, a Finca with land
and a Village house. In some area's you can buy a brand new
village house with 4 bedrooms, 2 bathrooms, lounge, kitchen/diner
and sun terraces or garden and they are in need of nothing.
With a Finca the story is somewhat different and depending
on the size and land plot you could be doing major reform
or in some cases just painting and moving in. There are very
few villa's and finca's in this price range that need no work
at all.
Spanish
Property from €150.000 - €200.000 euro: Now
here is where it all changes. From €150.000
upward there are still many properties that need
nothing done to them. They are getting harder to
find and this does seem to be a very popular budget
price and so when good property comes on the books
at this price, sometimes it is sold before it even
gets advertised. So if this is the range you are
looking at you need to be quick. We offer a notification
service so that if we have something come in and
you are registered with us, we can give you details
as we receive them. This is why a lot of property
doesn't ever make it to the internet and advertising
media. It gets sold very quickly.
Spanish
Property over €200.000 euro: Going upward
from €200.000
euro there is a vast range into the million plus
area and here there is a multitude of properties
of varying types from village houses to grand villas.
From here you can find large plots of land with property
for reform but you can also buy a villa with a pool
in need of no work at all.
It would seem from our point of view
as the agent, that there are a lot of people in the under
'€100.000' budget range who are finding it hard to get
property in Spain. All we can say is don't give up. We are
continually finding the 'little gems' still hiding away in
our area so there is still hope for you. Our job is to find
them. Our advice is, let us know what you are interested in
and we will advise you when the type of property you are looking
for comes in to us.
One of the nice things about Inland
Valencia is that the opportunity to get a foot on 'Spanish'
housing ladder even with a small budget, is still here. The
other thing is that the 'value for money' factor is also still
in this area. When you go into the higher market value of
say €350.000 euro's, you may not even get an apartment
on coast, but in the beautiful inland region of Valencia
you could buy a large luxury villa with gardens, orchards
and a swimming pool!!
The Dream is not over
- for this region it has just begun.
Contact our office for further information. |
