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Buying a Home - HUD HUD News Newsroom Priorities About HUD Homes Buying Owning Selling Renting Homeless Home improvements HUD homes Fair housing FHA refunds Foreclosure Consumer info Communities About communities Volunteering Organizing Economic development Working with HUD Grants Programs Contracts Work online HUD jobs Complaints Resources Library Handbooks/ forms Common questions Tools Webcasts Mailing lists Contact us Help Buying a Home Information by State Esta página en español Print version Email this to a friend Counseling and Education Housing counseling agencies can give you advice about buying a home. Find a housing counselor near you. Common questions Homeownership videos More from HUD Mortgage glossary FHA mortgage limits HUD approved lenders HUD approved condos Healthy homes Environmental maps Energy info About appraisals Links Rural housing loan programs Loan programs for veterans Freddie Mac Fannie Mae US Postal Service Mover's Guide The homebuying process can seem complicated, but if you take things step-by-step, you will soon be holding the keys to your own home! Nine steps to buying a home Figure out how much you can afford Know your rights Shop for a loan Learn about homebuying programs Shop for a home Make an offer Get a home inspection Shop for homeowners insurance Sign papers Step 1: Figure out how much you can afford What you can afford depends on your income, credit rating, current monthly expenses, downpayment and the interest rate. The calculators below can help, but it is best to visit a lender to find out for sure. How much home can you afford? Buying vs. Renting Need help with your downpayment and/or closing costs? Homebuying programs in your state A housing counselor can help you figure out how to manage and pay off your debt, and start saving for that downpayment! Find a housing counselor near you Step 2: Know your rights Fair Housing: Equal Opportunity for All - brochure Real Estate Settlement Procedures Act (RESPA) Borrower's rights Predatory lending Back to Top Step 3: Shop for a loan Save money by doing your homework. Talk to several lenders, compare costs and interest rates, negotiate to get a better deal. Consider getting pre-approved for a loan. Looking for the best mortgage: shop, compare, negotiate - brochure Let FHA help you Step 4: Learn about homebuying programs Homebuying programs in your state FHA loan programs offer lower downpayments and are a good option for first-time homebuyers. Let FHA help you HUD's special homebuying programs Good Neighbor Next Door Program - for police officers, teachers, firefighters and emergency medical technicians Homeownership for public housing residents Indian Home Loan Guarantee Program (Section 184) Step 5: Shop for a home Choose a real estate agent Wish list - what features do you want? Home-shopping checklist take this list with you when comparing homes Homes for sale (including HUD homes) " Fixer-uppers " - home purchase and repair programs Manufactured (mobile) homes Build a home If you choose a home in a neighborhood with a Home Owners Association (HOA), be sure to request a copy of the HOA packet, so you can review before closing. Back to Top Step 6: Make an offer Discuss the process with your real estate agent. If the seller counters your offer, you may need to negotiate until you both agree to the terms of the sale. Making an offer Step 7: Get a home inspection Make your offer contingent on a home inspection. An inspection will tell you about the condition of the home, and can help you avoid buying a home that needs major repairs. For Your Protection Get a Home Inspection Step 8: Shop for homeowners insurance Lenders require that you have homeowners insurance. Be sure to shop around. Homeowners insurance 12 ways to lower your homeowners insurance costs Step 9: Sign papers You're finally ready to go to "settlement" or "closing." Be sure to read everything before you sign! Settlement Costs and Helpful Information Content updated December 1, 2005 Back to Top FOIA Privacy Web Policies and Important Links Home U.S. Department of Housing and Urban Development 451 7th Street S.W., Washington, DC 20410 Telephone: (202) 708-1112 TTY: (202) 708-1455 Find the address of a HUD office near you
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WorldProperties.com - where you find Distinctive International Real Estate Brought to you by REALTOR.COM® -- Over 3 million properties around the world WORLDPROPERTIES.com, the place to find International Properties. Member Login Username: Password: Forgot your password? New User? Click here. ICREA Countries Select a Country Argentina Australia Brazil Canada Czech Republic Denmark Finland France Greece India Ireland Italy Mexico Netherlands New Zealand Norway Poland Portugal Russia Spain Sweden United Kingdom United States Venezuela Resources International Properties -- Find a Professional Find a Transnational Referral Certified (TRC) Professional Events Calendar National Association Data ICREA Member Center Global News ICREA News International News Abstracts Asia/Pacific Rim North/South/Central America & Caribbean Europe Africa/Middle East About ICREA Who is ICREA? International Principles of Conduct Value to the Real Estate Practitioner Value to the Consumer Value to Real Estate Associations ICREA Structure Joining ICREA Search Distinctive Properties : View all Properties: REGION Select a Region Andean Balkan States British Isles Caribbean Central & Eastern Europe Central America Central Asia Mediterranean North America Northern Europe Oceania Patagonia Riviera Scandinavia South America South East Asia/pacific/pacific Rim Western Europe COUNTRY CITY Select a Country Argentina Australia Bahamas Belize Brazil Canada Costa Rica Czech Republic Denmark Dominican Republic Finland France Germany Greece Honduras India Ireland Italy Mexico Netherlands New Zealand Nicaragua Norway Panama Poland Portugal Russia Spain Sweden United Arab Emirates United Kingdom United States Venezuela CURRENCY PRICE MAX AUD - Australian Dollar VEB - Bolivar BRL - Brazilian Real CAD - Canadian Dollar CZK - Czech Koruna DKK - Danish Krone EUR - Euro HKD - Hong Kong Dollar INR - Indian Rupee MXN - Mexican Peso NZD - New Zealand Dollar NOK - Norwegian Krone GBP - Pound Sterling RUB - Russian Ruble SGD - Singapore Dollar SEK - Swedish Krona USD - US Dollar KRW - Won PLN - Zloty No maximum 100,000 300,000 500,000 700,000 1,000,000 3,000,000 5,000,000 7,000,000 10,000,000 15,000,000 20,000,000 50,000,000 More Search Options | Maps RESIDENTIAL PROPERTIES Select a Country Argentina Australia Brazil Canada Czech Republic Denmark Finland France Greece India Ireland Italy Mexico Netherlands New Zealand Poland Spain Sweden United Kingdom United States Venezuela COMMERCIAL PROPERTIES Select a Country Argentina Australia Brazil Canada Czech Republic Finland France India Ireland Italy Mexico Netherlands New Zealand Spain United Kingdom United States Venezuela WorldProperties.com is the official web site of the The International Consortium of Real Estate Associations (ICREA) , a Consortium of the world’s leading real estate associations committed to the right to own and transfer real property. ICREA sets standards for international real estate practice and facilitates worldwide real estate transactions through its website, WorldProperties.com. Contact ICREA at consortium@realtors.org . Learn More About ICREA Who is ICREA? International Principles of Conduct Value to the Consumer Value to the Real Estate Practitioner Value to Real Estate Associations Joining ICREA Site Map |-- Find a Home | Find a Professional | ICREA Member Center | Country Information Contact ICREA | Email Technical Questions | Terms of Use | Privacy Policy . © 2002-2005 International Consortium of Real Estate Associations All rights reserved. *
House Rental 1-4 People
Vacation Lake House For Rent "The Best Kept Secret in Texas" Lake Rental Houses Breathtaking view from Silver Creek Resort If you are looking for a weekend retreat or a vacation on the lake, look no further. Our lake houses, located on the shore of beautiful Lake Buchanan in Silver Creek Resort, have everything you need for that perfect vacation. We have something for everyone: 2 lake rental houses that sleep up to 12 people each, and 9 lodges/cabins . We also have a swimming pool, fishing pier, boat rentals , houseboat rental , fishing guide service, fishing supplies, and gas on the water. Rent a Brand New Polaris Personal Watercraft and tour the lake. Spectacular boating, water skiing, jet skiing, and fishing on miles and miles of uncrowded open water make Silver Creek an ideal vacation spot for the whole family. Silver Creek Resort is on a peninsula and offers outstanding lake views in three directions. You can enjoy both spectacular sunrises and sunsets from our location. We can accommodate large groups for the weekend, week, or month. We have two lake houses for rent at Silver Creek, our Lake House and our Upstairs Lake House. Our Lake House: We rent a 2 bedroom, 3 bath lake house for your large group convenience. The two double beds in each bedroom and the two double sleeper sofas in the living room sleep up to 12 people comfortably. The lake house features an 8 1/2 X 3' bar separating the kitchen and living room. The covered front porch looks out to our grounds and the lake beyond. Views from the Lake House at Silver Creek Resort Living Room, Dining Area and Kitchen Living Room and A Bedroom The vacation lake house is also a great meeting room for small groups or businesses. If you are looking for a quiet, scenic place to have your next meeting or seminar, give us a call. Our Upstairs Lake House: We also have an upstairs lake house with one bedroom, two baths, and a full kitchen. It can also sleep up to 12 people. The upstairs house has a private 600 square foot deck with the best view on the lake. View from the deck and from inside the Upstairs Lake House Silver Creek Resort Pricing Number of Guests Weekday Rate Sun.-Thurs. Weekend Rate Fri. & Sat. Lake House Rental 1-4 People $160 per night $170 per night Upstairs Lake House 1-12 People $250 per night $250 per night Additional Guests - Add $7.50 per night for each person over four people on the Lake House, no extra charge for extra people on the Upstairs Lake House. Children Under Age 11 Stay Free Weekly rates are available during fall (Oct. & Nov.) and spring (Mar. & Apr.) Monthly rates are available during winter (Dec., Jan., Feb., & Mar.) All rates are subject to change without notification until verified. Please call for reservations. Additional Information: To make your stay as much fun and as comfortable as possible, John Pringle and "Max", the Resort Cat, provide 24 hour on site management. Well behaved pets are welcome for a small fee. Call for special weekly rates and winter monthly rates. We accept all major credit cards. Amenities of Silver Creek Resort: Click Here Things to do in the area: Click Here Winter Texans - Don't miss out. Call now for reservations. We are also booking 7-day stays (Sunday to Sunday) for summer 2002. Directions to Silver Creek Resort: Go 3 miles west of Burnet on Hwy 29. Turn north onto RR 2341. Go 12 miles. Turn left on CR 128 (Silver Creek Drive). At the Y go left. You will see our sign. "The Best Kept Secret in Texas" On Beautiful Lake Buchanan 512-756-4854 1400 CR 128 Burnet, Texas 78611 www.highlandlakes.com/silver Owner: Gary Haberer Manager: John Pringle 24 Hour On Site Management Cabin Rentals | Boat Rentals | Houseboat Rentals Amenities | Things to Do in the Area Wilderness Adventure | Home Page Silver Creek Resort has cabins for rent, a lakehouse for rent, RV spaces, RV park, rental boats, jet skis, Seadoos, fishing guideservice, houseboat rental, marina, fishing pier, lake rental house, vacation house,fishing house, and more. Check out our rental boats and houseboat. Spend thenight in our house boat. Need a fishing guide, call us. We have cabins andcottages on Lake Buchanan.
Real Estate Broker NEW
CBS News | Be Your Own Real Estate Broker | May 21, 2004 22:03:39 CBSNews.com The Web Home | U.S. | World | Politics | SciTech | Health | Entertainment | Business | Opinion | NEW --Strange News | Sports | Public Eye | Interactives | FREE CBS News Video The Early Show | CBS Evening News | 48 Hours | 60 Minutes The Saturday Early Show -- | CBS Sunday Morning | Face The Nation | Up To The Minute | Build Your Own Newscast Main Page Living HealthWatch Leisure Series The Saturday Early Show Chef On A Shoestring Second Cup Caf Ask Mike Up Next Program Facts Bios Contact Info Inside Scoop Contributors Bios Special Report Money Matters Early Show financial adviser Ray Martin offers tips to keep your financial house in order. Interactive U.S. Markets History of trading and definitions of key terms RELATED STORIES & LINKS Let The House Hunting Begin Tips For Those Diving Into The Real Estate Market This Spring Taking A Home Equity Loan? Be Careful What You Use The Money For Home Mortgage Rates Up A Bit Both 30 and 15-Year Rates Up, Ending A Three Week Stretch Of Drops Inflation Isn't A Problem Consumer Prices Dip 0.2 Percent In November, After Flat October Be Your Own Real Estate Broker NEW YORK, May 22, 2004 (CBS) The housing market is hot. In fact, homes are in such high demand that many sellers are wondering if they even need to hire a real estate agent to broker the deal. Financial adviser Ray Martin gave some tips on The Saturday Early Show for owners who want to sell a home themselves. Home values are up, mortgage rates are low and properties in hot markets are selling in days. The only fly in the ointment for many sellers is the traditional six percent commission paid to real estate brokers who make the deal. As home values continue to skyrocket, the broker commission skyrockets as well. Meanwhile, it seems as though these brokers are doing nothing more than watching the home sell and then collecting a large commission. The thought of having to pay brokers $10,000 or more to sell a home that fetches a buyer in less than week is causing many sellers to stop and think: "Do I really need to spend that money?" FSBO (For Sale By Owner) can be a good option for some people, Martin says. If your home is in a hot location, at a price that is affordable to many potential buyers, and similar homes are in short supply, this can be a good strategy. But, Martins says, FSBO is not for everyone. The following are three potential pitfalls of being your own broker: Setting A Price: The housing market is constantly changing and you really need to have a good feel for the market in order to set a reasonable price. You don't want to lose money by naming a price that's too low, but your don't want to frighten buyers away by over-charging. Getting the Word Out: Putting a "For Sale" sign in your yard is probably not going to sell your house. Most buyers don't have time to cruise around neighborhoods, searching for signs. When you list your home with a broker, they place your information in the area's MLS (Multiple Listing Service). This alerts all real estate agents in the area that your home is for sale -- making it easy for them to pinpoint potential buyers and bring them by for a visit. You can't do this alone. Becoming Emotionally Involved: Selling a home is the second-most emotional transaction you'll ever make, Martin says, second only to buying a home. Mixing emotion and business is not a good thing. If a buyer comes through the door and immediately points out your home's flaws instead of the beautifully restored floors or lovingly painted walls, it's going to hurt. You may be tempted to turn down this buyer's offer, even if it's fair. This is where a realtor can help. It's not a home to them, it's a business deal -- one they want to close quickly and collect on. Despite these pitfalls, Martin says he is not trying to steer everyone away from selling their homes themselves. He says you need to be aware of the pitfalls and if you think you can tackle them, give it a try -- particularly if you're in a hot market. You can try FSBO for a set amount of time, and if you're not successful, you can turn to a broker. If nothing else, use the knowledge that you could be your own broker to negotiate a commission with your broker. That storied six percent is a result of tradition, not law; nowhere does it say that you have to pay brokers six percent. There are conflicting numbers on how many homeowners are selling their homes themselves. About 14 percent of sellers went solo in 2003, according to the National Association of Realtors. The Boston Globe newspaper reviewed sales in its area and found that closer to 25 percent of sales were FSBO. There's no question that there are a lot of services targeted to sellers looking to go FSBO. If you are looking for an alternative to a traditional real estate agent, here are some popular options: Flat Fee Brokers: There seem to be two major players here -- Help-U-Sell and Assist-2-Sell . Both companies are franchises that connect you with local licensed real estate agents. You show your home yourself, and these agents perform all other duties of a traditional broker. The best part, Martin says, is that you pay them one flat fee that varies based on home's value and location. If you pay them a little more, the realtors from these companies will show your house too. An example: a Help-U-Sell customer in Chicago was selling his home for $345,000. The six percent commission would have totaled $21,000. Instead, he paid Help-U-Sell $4,950 to sell his home. If the agent lists your home on the MLS, and another broker brings you a buyer, you will have to pay that broker their two or three percent commission. FSBO Marketing: Other companies such as FSBO.com and ForSaleByOwner.com offer you a variety of marketing options at different price points. You can choose to have your home listed on the companies' Web sites. You can pay more and have yard signs and color brochures designed for your home. Pay even more and have a virtual tour included in your home's listing. Each company is different and offers different packages. Martin says the ultimate packages, which costs $500 or more, allow you to list your home on the MLS -- the same place real estate agents list houses. Again, there's a catch here: if a buyer is brought to your home by an agent who saw the listing on MLS, you do have to pay that broker's two or three percent commission. Negotiated Broker Commission: Again, Martin says you don't have to pay a six percent commission. So don't! In fact, commissions now average a bit over five percent, according to a survey by Real Trends publishers. If your home is on the expensive side and in a hot market, have a serious conversation with your potential broker. Remind him or her that if you list with them, they will get paid. But if you strike out on your own, they get nothing. Isn't one or two percent better than nothing? MMIV, CBS Broadcasting Inc. All Rights Reserved. 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Buy Property
Buying property in Spain Buying property in Spain Introduction to Spanish property market. News, advice, real experiences, buying to let in Spain, mortgages, special offers. Thursday, December 15, 2005 Valencia Land Law debated in the European Parliament This week the European Parliament debated and voted on the recommendations of the Fourtou Report on the controversial Ley Reguladora de la Actividad Urbanistica (LRAU). The law, known by those who protest against its consequences as the Valencia land grab law was originally designed to make sure that areas under development had sufficient infrastructure (roads, street lighting, green belt areas etc.). That was the the theory. However in practice the law has meant that property developers are able to apply to build on land already belonging to other owners where building is not permitted. When their application is approved (as it often is), the land is reclassified by the authorities, and the developers are then allowed to pay exisiting owners prices far below the real market value and build a road, a path or even part of a golf course, sometimes right through the middle of the former owner's back garden. Most of the people affected by this law are Europeans who have seen their dreams of a perfect Spanish home in the sun shattered by ruthless developers. More than 15,000 people have made a formal protest asking the European Parliament to intervene, and the protest group set up to fight the LRAU, Abusos Urbanísticos No , has been active in attracting national, international, political and media attention to a growing problem and demanding a solution. And recently British law firm Irwin Mitchell decided to register land law victims with the European Human Rights Court . Valencia's regional government promised in 2003 to revise and reform the LRAU, but seems in no rush to do so. A pre-project was presented to the Valencian parliament in June this year, but nothing has yet come of it. While the government insists that its intention is to change the law and protect the interests, and land, of property owners, opposition and protest groups allege that it is prevented from doing so from the interest of many of its members in the property development underway in the region. Ever since local and foreign property owners started their active protest, the Government has come under increased pressure to do something. In the Summer a delegation of Euro-MPs visited the Costa Blanca and met with foreign residents, local politicians and property developers to discuss the problem. In November the European Parliament advised the Valencian authorities to modify urban development legislation in the region. And finally this week on 12th December the European Parliament discussed the Fourtou Report and endorsed its contents in a vote on the 13th by a massive majority of 550 in favour, 45 against and 25 abstentions. The Report calls on the European Parliament to urge a moratorium on the approval of new property developments on land where development is not permitted. Any body considering buying property with land in the Valencian Region is advised to seek legal advice from a lawyer who can help with the necessary investigation to ensure that the land attached to the property is not in danger of being subject to eventual seizure by property developers. Related: EU homeowners and ambassadors challenge Valencian land laws European Parliament delegation visit Valencia to challenge Land Laws Valencian landlaws "unconstitutional" Advice from the British Embassy to people purchasing land in Valencia posted by Euroresidentes @ 9:15:00 AM 0 comments Wednesday, November 30, 2005 Home loans in Spain According to figures released by Spain's National Statistics Institute yesterday, the average amount of morgage loans authorised by Spanish banks rose by 18.1 percent in August (compared to the same month in 2005) and reached 146,762€. The overall value of bank home loans rose by 32.1 percent. In August a total of 131,180 mortgages were authorised to customers buying rural and urban properties in Spain and the overall value of these mortgages rose to 19,252 million euros. As usual Spain's savings banks got the biggest share of the home loan market - 53.42 percent - followed by normal banks (36.88 percent) and other lending companies (9.7 percent). Over ninety percent of mortgage loans corresponded to purchases of properties in the so-called " precio libre " (free price) category and just 9.9 percent to purchases of "protected" properties whose selling price is controlled by the government. As far as yearly figures are concerned, the number of mortgaged properties in Spain has so far risen by 9.82 percent this year, while the total amount of loans has shot up by 24.87. Related: Mortgages in Spain Mortages for non-residents in Spain Ranking of Spanish banks Spanish banks Home improvement loans in Spain posted by Euroresidentes @ 9:34:00 AM 0 comments Monday, November 07, 2005 British property buyers prefer Spain According to a study just published by Barclays Bank, the number of UK residents buying property abroad is set to double, and a third of potential property buyers named Spain as their preferred overseas destination. According to the results of Barclay's study, five percent of UK residents (2.2 million people) already own a property overseas, and another 2 million definitely intend to buy one. And a very high 37 percent of those surveyed for the study said they are considering the possibility of buying a property abroad at some time in the future. Spain remains the firm favourite among British overseas property buyers, with the US coming second and France third. Not surprisingly, the main things putting UK citizens off the idea of buying property abroad are legal and tax complications, the possibility of being misled or deceived by local property sellers, and the difficulty of adapting to a new language and culture. Related: Reasons for living in Spain Property taxes in Spain Spanish lawyers Advice on buying a house in Spain posted by Euroresidentes @ 1:07:00 PM 1 comments Sunday, October 23, 2005 Lessons from one unhappy experience of buying a house in Spain It is an unfortunate fact that the legal system in Spain is at times desperately slow. Anyone considering buying a house in Spain is advised to find a good Spanish lawyer before signing anything at all and before parting with any money. David Wright has just started a new blog to share his unfortunate experience of buying property in Spain with other people. See the first entry below. Users interested in following his story as the final part unravels (and as, we hope, justice is finally done and the Wrights win the home and compensation they deserve) should check out his blog: Slow legal system where he intends to keep people updated with events as and when they happen. Considering tourism and housing investment bring considerable amounts of wealth to Spain, the Spanish law system is appalling slow and expensive. At the begginning of 2000 we enetred into a contract to buy a house, paid the 10% deposit and arranged a date with the notary and respective lawyers to complete. The seeler did not turn up and decided not to sell. THE BIG SURPRISE... he also would not repay the 10 % deposit never mind the penalty of 10%. Our only alternative was litigation. As we were not living in Spain at the time we left a deposit with a lawyer who told us that it would be a straightforward case. Well our case was finally heard in the local courts some 18 months later and we "won" including costs. However, the seller chose to appeal on what I understand to be very flimsy grounds. Some 2 years later the case was reheard in the Regional courts of Malaga where the original decision was upheald. ie we "won" again. However, the seller again decided with his lawyer that an appeal was in order and so we have been waiting almost 2 years for the case to come before a judge in MAdrid's high court!!! We still do not have a date nor can the system give us an estimated date as to when the case will be heard.!!! WHAT CAN fellow EURORESIDENTES learn from this? I believe the following: 1: Entering litigation is very expensive - even though we have "won" twice, we have still had to pay our lawyers fees and costs even though the costs were awarded in our favour. The amount equates roughly to 17% of the purchase/contract price!!!! per hearing. At this point we have paid almost 50% of the orginal house contract price, (deposit plus fees) 2: The seller continues to live in the property and with no penalty or change. 3: We have no idea of timescale as to when the High court can hold the hearing. 4: The so called filtering process that was supposed to be implemented to stop people using the appeal process to delay matters as a tactic does not function. 5: The seller is not obliged to pay the costs awarded against them IF they choose to appeal....SO APPEALING is a good tactic to frustrate. 6: So having a contract from a good lawyer and within the letter of the law, still does not really protect your rights in a timely manner. WHAT then is the point of a contract? it is only worth something to the lawyers in preperation for litigation!!! 7: Perhaps the law will one day help us to retrieve our deposit and costs or even the holiday home we wanted to live in and enjoy in the future. However in the meantime, it has only benefited the lawyers and the vendor. 8: So the law can still be seen as having no "teeth" and benefits the unscrupulous property owner/seller. TAKE GREAT CARE. Finally, if anyone has any suggestions as to what can be done to improve the law or indeed speed up the process then let me know posted by Euroresidentes @ 10:08:00 AM 0 comments Saturday, October 22, 2005 Lowest rise in house prices in Spain since 2002 According to the General Director of Arquitecture and Housing Policy, Rafael Pacheco, the rise in the cost property has risen just 13.4 percent in the last 12 months. This represents the lowest rise for 3 years and, according to Pacheco, is the first clear result of the Spanish government's housing policies. The General Director also indicated the regions in which house prices have risen most. These are Castilla La Mancha (19.8 percent), Aragon (16.4 percent) and the Valencian Region (16.3 percent). In Andalucía, traditionally one of the most popular destination for non-resident house buyers, the rise in house prices at 13.7 percent is only just above the national average. The most expensive region as far as the cost of housing is concerned is Madrid (2,719 euros per sq. metre), followed by the Basque Country (2,537 euros), Catalonia (2,037 euros) and the Balearic Islands (2,003 euros). The cheapest regions are Extremadura (864.2 euros per sq. metre), Castilla La Mancha (1,255 euros) and Leon (1,297 euros). Related Revaluation of property in Spain per region Investing in property in Spain Houses for sale in Spain posted by Euroresidentes @ 10:29:00 AM 0 comments Thursday, October 20, 2005 Spanish-English real estate dictionary Because of the amount of enquiries we receive from non-Spanish speaking property buyers in Spain about Spanish real estate terms and how the system here works, we are compiling an extensive Spanish-English glossary of real estate terms . Having completed the glossary, we are now working on full definitions of each term, so that our users can get an idea of how the Spanish property market differs from the property market in the UK. In this sense we want to go beyond a simple bilingual list of property terms. Send us any words not included. We hope to finish all the definitions in the next few days. Click on each term to get the full definition. posted by Euroresidentes @ 12:07:00 PM 0 comments Wednesday, October 05, 2005 Real estate market in Spain, latest statistics According to a study carried out by the Pompeu Fabre University (Barcelona) and Tecnocasa, the housing market in Spain has started slowing down and a halt in the massive price increase experienced over the past fews could be near. The authors have based their opinions and conclusions on the analysis of the sale of over 12,000 second-hand houses and flats and details of mortgages granted to buyers from the first semester of 2004 up to June this year. According to the report, lived-in property (as opposed to brand new) now takes an average of 83 days to sell, which is 15 days longer than a year ago. Another finding of the report is that property sellers this year are more likely to be prepared to negotiate the price than they were last year, and that on average buyers are able to secure a 5 percent reduction in the original asking price. During the presentation of the report yesterday, executives of Tecnocasa said that this should not be interpreted as an indication that the price of housing in Spain was at last starting to come down, since the reduction was usually agreed on property that was overhoused in the first place. However, in their opinion, the findings of the report do suggest that the conditions necessary for an eventual slowing down in the Spanish real estate market at some time in the near future are starting to appear. Other findings of the report: 30 percent of house-buyers in Spain are foreign. 72 percent of all house-buyers come from Spain or another EU country. The rest are non-European, mostly people from South America, Eastern European countries and North Africa who have settled in Spain Over 49 percent of second-hand house buyers are between 25 and 35 years old, and 61 percent buy the property together with another person The average mortgage in Spain in June was 154.890 euros, a rise of 18.80 percent with respect to the same month last year In over 60 percent of all cases, the mortgate loan covers between 75 and 100 percent the total value of the property Small flats are proportionally more expensive than larger flats and houses The average price of lived in property in Spain per sq. metre is 3,000 euros in the most expensive areas of Spain (Madrid, Barcelona and Vizcaya). dropping to just 1,500 euros per sq. metre in the provinces of Alicante, Cadiz, Seville and Valencia The most expensive cities in Spain in terms of housing prices are (in order) Barcelona, Madrid, Bilbao and L'Hospitalet de Llobregat (3.070 euros). Related links: Mortages in Spain Mortgages for non-residents in Spain The price of housing in Spain Investing in property in Spain posted by Euroresidentes @ 9:38:00 AM 0 comments About Me Name: Euroresidentes Location: Spain View my complete profile Previous Posts Valencia Land Law debated in the European Parliament Home loans in Spain British property buyers prefer Spain Lessons from one unhappy experience of buying a house in Spain Lowest rise in house prices in Spain since 2002 Spanish-English real estate dictionary Real estate market in Spain, latest statistics High-quality Spanish houses to be marketed in the UK New state property rental agency ready for business in Spain Costa del Sol property market may have reached peak Links Feedback Property market in Spain Reasons for living in Spain Properties for sale in Spain Properties for rent in Spain Hotels in Spain Restaurants in Spain Paradors in Spain Spanish recipies Spanish classical music Spanish courses in Spain Euroresidentes Spain Web Euroresidentes Archives