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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
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LoanUniverse Community > Commercial Land Loan Help - Search - Member List - Calendar Full Version: Commercial Land Loan LoanUniverse Community > Community Forums > Loanuniverse Forums Marnie1065 Dec 6 2005, 08:37 PM Hi everybody. I just found this website. I am looking for commercial loans. I have a client that owns 42 acres , it is zoned agriculture. It is a great location , next to a school and subdivision. He is looking to refi at the highest LTV possible. He does plan on building homes in the future or possible selling off individual lots. The land currently has a 2 million loan on it. The value is 6.5 million. He has owned it for 1 yr. It is actually a corporation of 4 and they all have great credit and tons of assets, their worth is in the millions They also want to purchase another piece of land for 12 million. Any ideas? Thanks loanuniverse Dec 7 2005, 09:27 AM Is the $152M per acre value an as is value as agricultural land? Or an speculative value assuming a rezoning? Is it supported by actual sales? If the value can be supported, I am sure someone can be found to lend at least 50%. Depending on the adjusted net worth of the individuals, maybe significantly more. Many lenders are avoiding land right now in my market unless there is an existing relationship with the developer. I know that I would feel uncomfortable recommending a land loan unless the investors are experienced. lelting Dec 14 2005, 10:48 PM I can help you with the 12 million dollar purchase>I have private investors that will fund at 100 LTV LenderBuddy Dec 15 2005, 10:55 AM If there are crops growing on the land or the land is zoned agricultural then we are talking agricultural land loan and that is a different beast. I haven't worked on one of them in a while but you need to speak with someone who specializes in ag loans. FarmerMac is involved in those transactions and I believe the LTV can go as high as 70%. Good credit and strong financial position are required. Drop me a personal message and I'll forward you the contact information of a guy who specializes in agricultural loans. He can give you all the information you need. This is a "lo-fi" version of our main content. To view the full version with more information, formatting and images, please click here . Invision Power Board © 2001-2005 Invision Power Services, Inc.
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Real estate listings and homes for sale - RELO National Home Search Real estate listings and homes for sale - RELO National Home Search Search 2 million mls listings from The Leading Real Estate Companies of the World U.S. State Search U.S. Map --- Quick Search -- select state -- Alaska Alabama Arkansas Arizona California Colorado Connecticut Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming Renters Becoming Increasingly Larger Percentage of Relocating Employees n recent years, the need for rental assistance in the relocation industry has been gaining on the home buyer market. Mobility Magazine’s October 2003 issue reports that 66% of new hires and 60% of current employees are renters, which is a 7% increase over 2001… >> Click to continue Zip Code Home Search: County Search: Jump to State: Alabama Alaska Arkansas Arizona California Colorado Connecticut D.C. Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana North Carolina North Dakota Nebraska Nevada New Hampshire New Jersey New Mexico New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming Search by Metro Area: New York Chicago San Francisco Los Angeles Washington DC Boston Save 15% on your FICO credit score. Enter promo code "RELO" to redeem your discount. RELO National Home Search helps consumers find real estate listings, homes for sale or real estate agents. The tool enables consumers to search 2 million local real estate listings and homes for sale. Before buying a home, search mls listings and homes for sale to find a real estate agent through RELO National Home Search. According to the National Association of Realtors, 72 percent of consumers look for a residential property online. RELO National Home Search provides moving assistance to relocating consumers and second-home buyers. RELO Home Search links over 600 RELO members' websites together, the majority offer local mls listings in their area. Further, RELO provides relocation assistance services and international relocation through the RELO network. Whether you are buying a home, considering moving to a new city, considering a second home or selling a home, use RELO National Home Search to tap into the country's largest network of leading independent residential real estate firms across the nation and around the world. All RELO real estate companies focus on relocation and home buying help. © 2002 – 2003 RELO ® All Rights Reserved. | Terms and Conditions | Bookmark Page | Read Real Estate Articles
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Private villas and holiday rentals Italy. Rental property, villas in Italy for rent. Property rating: Best buy Highly recommended Recommended New listing Unrated Property features: Instant booking Wheelchair friendly Suitable for elderly Suitable for children Suitable for babies Pets allowed Private pool Communal pool Any pool Balcony Garden Cots available Air conditioning Central heating Smoking allowed Location features: Beach Golf Fishing Watersports Skiing Themepark Shopping Good views Available discounts: Last minute deals Early bird deals Long stay deals Sort results by: Default Customer rating Villarenters index Lowest price Highest price Quick Availability Search For Villas & Apartments View rental properties in: All Countries , Italy . Click here for a destination guide to Italy . To narrow down your search for villas to rent in Italy, you can use the following sub regions Abruzzo Basilicata Campania & Apulia Emila Romagna Lazio Marches North West Italy Rome Sardinia Sicily Southern Italy Tuscany Tuscany Coast Umbria Venice & NE Italy Here are the available villas for rental in Italy. House rent in Tuscany, Italy Riverside villa with garden (Ref: 3694) self-catering house in Bagni di Lucca, Italy Price Range: £250 to £400 (GBP) Sleeps: 5 No of Reviews: (6) Beautiful house in the historical village of Bagni di Lucca, with a very large private garden and private access to the river. ...more Pets allowed. Less than 15 mins to: horse riding, mountain biking. Click for details... Long Stay Discounts, Early Bird Discounts Available Location for rental: All Countries / Italy / Tuscany / Lucca Villa rental in Sardinia, Italy Sardinia, Costa Smeralda, La Maddalena (Ref: 1760) self-catering villa in La Maddalena, Italy Price Range: £280 to £1900 (GBP) Sleeps: 6 No of Reviews: (9) Villa in magnificent position, on the sea-side, private beach and buoy. 3 bedrooms, 2 bathrooms, kitchen, dining-room and patio in front of the sea. ...more Pets allowed. On site: beach, sailing. Click for details... Last Minute Discounts, Long Stay Discounts, Early Bird Discounts Available Location for rental: All Countries / Italy / Sardinia Rental cottage in Umbria, Italy Casa Merlo (Ref: 7472) self-catering cottage in Nr. Piegaro, Italy Price Range: £350 to £590 (GBP) Sleeps: 5 No of Reviews: (5) Traditional Umbrian Cottage in unique hamlet setting offering spacious accommodation in tranquil setting. ...more Communal pool. On site: mountain biking. Click for details... Last Minute Discounts, Long Stay Discounts Available Location for rental: All Countries / Italy / Umbria / Lake Trasimeno Holiday apartment in Sicily, Italy Self-Catering-Accommodation PAPERA (Ref: 6756) self-catering apartment in Sciacca, Italy Price Range: £217 to £370 (GBP) Sleeps: 2 No of Reviews: (3) Our estate is situated in a rural and very peaceful idyll of about 30.000 square meters in the middle of a wood of olive-trees. ...more Pets allowed. On site: mountain biking. Less than 15 mins to: beach, sailing, fishing. Click for details... Long Stay Discounts Available Location for rental: All Countries / Italy / Sicily / Agrigento Apartment holiday rentals in Venice & NE Italy, Italy 5, Le Begonville (Ref: 10918) self-catering apartment in Gardone Riviera, Italy Price Range: £325 to £745 (GBP) Sleeps: 6 No of Reviews: (4) Gorgeous residential complex set in the hills above Gardone Riviera, with breathtaking views over Lake Garda and large shared swimming pool. ...more Communal pool. Less than 15 mins to: beach, golf, horse riding, sailing, climbing, mountain biking, fishing. Click for details... No Discounts Available Location for rental: All Countries / Italy / Venice & NE Italy / Lake Garda Rental apartment in Sicily, Italy Self-Catering-Accommodation Gufo (Ref: 6862) self-catering apartment in Sciacca, Italy Price Range: £290 to £430 (GBP) Sleeps: 4 No of Reviews: (2) Our estate is situated in a rural and very peaceful idyll of about 30.000 square meters in the middle of a wood of olive-trees. ...more Pets allowed. On site: mountain biking. Less than 15 mins to: beach, sailing, fishing. Click for details... Long Stay Discounts Available Location for rental: All Countries / Italy / Sicily / Agrigento Room/studio holiday accomodation in Sicily, Italy Aretusa Vacenze - apartment in the cit (Ref: 6229) self-catering room/studio in Siracusa, Italy Price Range: E539 to E540.2 (EUR) Sleeps: 2 No of Reviews: (2) Studios in the city centre of Syracuse, with en-suite bathrooms, linens, TV, equipped kitchenettes, refrigerators and air conditioning. ...more On site: beach, fishing. Less than 15 mins to: horse riding. Click for details... No Discounts Available Location for rental: All Countries / Italy / Sicily / Syracusae Holiday apartment in Venice & NE Italy, Italy 2, Le Begonville (Ref: 13116) self-catering apartment in Gardone Riviera, Italy Price Range: £355 to £745 (GBP) Sleeps: 6 No of Reviews: (1) Gorgeous residential complex set in the hills above Gardone Riviera, with breathtaking views over Lake Garda and large shared swimming pool. ...more Communal pool. Less than 15 mins to: beach, golf, horse riding, sailing, climbing, mountain biking, fishing. Click for details... No Discounts Available Location for rental: All Countries / Italy / Venice & NE Italy / Lake Garda Apartment to rent in Sicily, Italy Self-Catering-Accommodation DELFINO (Ref: 6863) self-catering apartment in Sciacca, Italy Price Range: £250 to £410 (GBP) Sleeps: 3 No of Reviews: (1) Our estate is situated in a rural and very peaceful idyll of about 30.000 square meters in the middle of a wood of olive-trees. ...more Pets allowed. On site: mountain biking. Less than 15 mins to: beach, sailing, fishing. Click for details... Long Stay Discounts Available Location for rental: All Countries / Italy / Sicily / Agrigento Apartment rent in Venice & NE Italy, Italy Pompeo Molmenti (Ref: 15114) self-catering apartment in Moniga del Garda, Italy Price Range: £645 to £1495 (GBP) Sleeps: 8 No of Reviews: (0) Not Yet Rated 3 bedroom, 2 bathroom apartment in an exclusive complex in the heart of the pretty lakeside town of Moniga del Garda. ...more Communal pool, wheelchair friendly. On site: mountain biking. Less than 15 mins to: beach, golf, horse riding, sailing, climbing, fishing. Click for details... No Discounts Available Location for rental: All Countries / Italy / Venice & NE Italy / Lake Garda Holiday villa in Italy Villetta Mimma Vittoria (Ref: 1376) self-catering villa in Gioia Tauro, Italy Price Range: $850 to $2560 (USD) Sleeps: 6 No of Reviews: (11) The ideal touring base on Calabria’s Costa Viola. Villetta Mimma Vittoria - blissful villa rental in the Mediterranean."Handicap Accessible" ...more Wheelchair friendly. Less than 15 mins to: beach, horse riding, sailing, fishing. Click for details... No Discounts Available Location for rental: All Countries / Italy / Southern Italy / Calabria Page: 1 , 2 , 3 , 4 , 5 , 6 , 7 , 8 , 9 , 10 , 11 , 12 , 13 , 14 , 15 , 16 , 17 , 18 , 19 , 20 , 21 , 22 , 23 , 24 , 25 , 26 , 27 , 28 , 29 , 30 , 31 , 32 , 33 , 34 , 35 , 36 , 37 , 38 , 39 , 40 , 41 , 42 , 43 , 44 , 45 , 46 , 47 , 48 , 49 , 50 , 51 , 52 , 53 , 54 , 55 , 56 , 57 , 58 , 59 , 60 , 61 , 62 , 63 , 64 , 65 , 66 , 67 , 68 , 69 , 70 , 71 , 72 , 73 , 74 , 75 , 76 , 77 , 78 , 79 , 80 , 81 , 82 , 83 , 84 , 85 View rental properties in: All Countries , Italy . Click here for a destination guide to Italy . back to top Can't find what you want? Click here to let us find it for you! 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