Buy Property

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

Foreclosure Property Investor's Kit

Amazon.com: The Pre-Foreclosure Property Investor's Kit : How to Make Money Buying Distressed Real Estate -- Before the Public Auction : Books: Thomas Lucier Your Store Books See All 32 Product Categories Your Account | Cart | Wish List | Help | Advanced Search | Browse Subjects | Bestsellers | The New York Times® Best Sellers | Magazines | Corporate Accounts | Amazon Shorts | Bargain Books | Used Books | Textbooks Search Amazon.com Books Web Search or Sign in to turn on 1-Click ordering. A9.com users save 1.57% on Amazon. Learn how . More Buying Choices 30 used & new from $11.59 Available for in-store pickup now from $19.95 Price may vary based on availability Enter your ZIP Code: Have one to sell? See larger image Share your own customer images Search inside this book The Pre-Foreclosure Property Investor's Kit : How to Make Money Buying Distressed Real Estate -- Before the Public Auction (Paperback) by Thomas Lucier (110 customer reviews) List Price: $19.95 Price: $13.57 & eligible for FREE Super Saver Shipping on orders over $25. See details You Save: $6.38 (32%) Availability: Usually ships within 24 hours. Ships from and sold by Amazon.com. Only 4 left in stock--order soon (more on the way). 30 used & new available from $11.59 Return to buying info page Editorial Reviews Review "…the best…" and "…well written…. On my scale of one to 10, this outstanding new book rates an off-the-chart 12." (Robert J. Bruss, Nationally syndicated columnist) Review "This is the best of the many how-to-profit-from-foreclosure books. It is well written, ultra-complete, and packed with more details than readers will need. The worksheets are invaluable to simplify what can otherwise be a complicated business. On my scale of one to 10, this outstanding new book rates an off-the-chart 12." --Robert J. Bruss, Nationally syndicated columnist. Book Description Pre-foreclosure real estate is one of the hottest investment opportunities on the market. The Pre-Foreclosure Property Investors Kit offers step-by-step instruction and no-nonsense advice on how to find great deals, estimate fair market value, negotiate with sellers, sell your property on your own, and win big in real estate. Youll learn how to get the best deals on foreclosure properties before they go to auction and utilize simple ready-made worksheets, checklists, forms, and agreements that make getting started easy. Even people of modest means can get into pre-foreclosure investing—all it takes is a little hard work, persistence, and the tools youll find in this handy guide. From the Back Cover "This is the best of the many how-to-profit-from-foreclosure books. It is well written, ultra-complete, and packed with more details than readers will need. The worksheets are invaluable to simplify what can otherwise be a complicated business. On my scale of 1 to 10, this outstanding new book rates an off-the-chart 12." —Robert J. Bruss, nationally syndicated columnist A practical toolkit for making money on pre-foreclosure properties One of the most lucrative avenues for investors today is pre-foreclosure real estate; investors who are organized, informed, and persistent can make a bundle. But if you start investing without the proper knowledge and tools, you could lose your shirt. With step-by-step instructions and practical, no-nonsense advice, The Pre-Foreclosure Property Investor's Kit shows readers how to make even more money by finding foreclosure properties before they go to auction—beating the competition to the punch. Plus, this comprehensive resource is full of ready-to-use worksheets, letters, checklists, forms, and agreements that make getting started easy. You'll learn: How to make as much as $60,000 per year investing part-time Why NOW is a great time to get started in pre-foreclosure investing How to use foreclosure notices to find local properties How to use direct mail to contact property owners in default How to estimate the current market value of properties Everything you need to know about your state's foreclosure statutes Most people think that investing in real estate requires a giant bank account and a perfect credit score. But with pre-foreclosure investing, even people of average means can get into the game—all it takes is a little hard work, persistence, and the helpful tools you'll find in The Pre-Foreclosure Property Investor's Kit. About the Author THOMAS J. LUCIER has been a real estate investor since 1980. An active member of both the National Association of Real Estate Editors and the Real Estate Educators Association, he is a widely published real estate expert whose advice has appeared in such publications as the Wall Street Journal and Commercial Investment Real Estate magazine Return to buying info page Suggestion Box Your comments can help make our site better for everyone. If you've found something incorrect, broken, or frustrating on this page, let us know so that we can improve it. Please note that we are unable to respond directly to suggestions made via this form. If you need help with an order, please contact Customer Service . Please mark as many of the following boxes that apply: Product information is missing important details. Product information is incorrect. Propose corrections using our Online Catalog Update Form . The page contains typographical errors. The page takes too long to load. The page has a software bug in it. 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Home Loans Share Loans

Myiris.com - Personal Finance India for Home, Loan, Loans, India, Housing, Best Interest rates for home loans India, Property, Finance, Ghar, Construction, Plot, Refinance, Flats, New House , Mortgage, Improvement, Extension, Bridge Loans, NRI, Scheme, Compare Banks, EMI Calculator, Charges, Documentation, Benefits, Tips, FAQ. -- Home Shares Mutual Funds Loans Credit Cards Insurance News centre About Us Feedback E-Mail Page -- Main Auto Housing Share Consumer Educational E-Mail Page Get NAV News Returns Announcements Get Quote Charts Research Snapshot Financials News Trade-Online -- Wealth Tracker Newsletter Tax Corner NRI Centre Forums E-Mail Chat Masala Housing Loans IRIS Tools Loan Finder by Loan Amount Loan Finder By EMI Details of your Preferred FI Interest Rate ScoreCard Compare FI's Myiris University Tips Select the Category Auto Loans Home Loans Share Loans Consumer Loans Educational Loans FAQS Select Category Auto Loans Home Loans Share Loans Consumer Loans Educational Loans FEATURES Sure Insure Saral Samadhan Rate Ka Funda Discussion Forum View Discussion Create new discussion Contact Zone Mail Us E-mail buddies Your Preferred FI IRIS Lender Search Status : Indian NRI Occupation : Salaried Self employed Purpose of Loan : Purchase of New House Purchase of Existing House Purchase of Plot Construction on a Plot Home Extension Home Improvement Bridge Loans Finance Company Choose a Lender Allahabad Bank Andhra Bank Birla Home Finance BOB Housing Finance Ltd Canara Bank CANFIN Citibank Dena Bank DHFL Global Housing Finance Hometrust Finance Ltd. HDFC ICICI IDBI Bank IOB LIC PNB Housing Finance Ltd. SBI Home Finance Sicom Housing Finance State Bank of India Standard Chartered Sundaram Home Finance Tata Home Finance Union Bank UTI Bank Scheme : Choose a Scheme Best Interest Rates Tenure 1 lakh 5 lakhs 25 lakhs 100 lakhs 2 yrs 7.75 % 7.75 % 7.75 % 7.75 % 5 yrs 7.75 % 7.75 % 7.75 % 7.75 % 7 yrs 7.75 % 7.75 % 7.75 % 7.75 % 10 yrs 7.75 % 7.75 % 7.75 % 7.75 % 15 yrs 7.75 % 7.75 % 7.75 % 7.75 % Search by Loan Amount Tell us your loan amount and we will find you the best Housing Loan in Town LOAN INFO Amount Tenure years 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 Finance Company All the Finance Companies Allahabad Bank Andhra Bank Birla Home Finance BOB Housing Finance Ltd Canara Bank CANFIN Citibank Dena Bank DHFL Global Housing Finance Hometrust Finance Ltd. HDFC ICICI IDBI Bank IOB LIC PNB Housing Finance Ltd. SBI Home Finance Sicom Housing Finance State Bank of India Standard Chartered Sundaram Home Finance Tata Home Finance Union Bank UTI Bank PERSONAL INFO Residential Status : Indian NRI Occupation : Salaried Self employed Purpose of Loan : Purchase of New House Purchase of Existing House Purchase of Plot Construction on a Plot Home Extension Home Improvement Bridge Loans -- Search by EMI Tell us your Monthly Installment and we will find you the best Housing Loan in Town LOAN INFO E M I p.m. Tenure years 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 Finance Company All the Finance Companies Allahabad Bank Andhra Bank Birla Home Finance BOB Housing Finance Ltd Canara Bank CANFIN Citibank Dena Bank DHFL Global Housing Finance Hometrust Finance Ltd. HDFC ICICI IDBI Bank IOB LIC PNB Housing Finance Ltd. SBI Home Finance Sicom Housing Finance State Bank of India Standard Chartered Sundaram Home Finance Tata Home Finance Union Bank UTI Bank PERSONAL INFO Residential Status : Indian NRI Occupation : Salaried Self employed Purpose of Loan : Purchase of New House Purchase of Existing House Purchase of Plot Construction on a Plot Home Extension Home Improvement Bridge Loans Compare FI's Housing Loan Comparision at your finger tips LOAN INFO Loan Amount Tenure of Loan years 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 Finance Company All the Finance Companies Allahabad Bank Andhra Bank Birla Home Finance BOB Housing Finance Ltd Canara Bank CANFIN Citibank Dena Bank DHFL Global Housing Finance Hometrust Finance Ltd. HDFC ICICI IDBI Bank IOB LIC PNB Housing Finance Ltd. SBI Home Finance Sicom Housing Finance State Bank of India Standard Chartered Sundaram Home Finance Tata Home Finance Union Bank UTI Bank PERSONAL INFO Residential Status : Indian NRI Occupation : Salaried Self employed Purpose of Loan : Purchase of New House Purchase of Existing House Purchase of Plot Construction on a Plot Home Extension Home Improvement Bridge Loans -- Spotlight There are no stories under this section EMI Calculator Loan amt: Rate : % Period : years Basis : Annual Bi-yearly Quaterly Monthly EMI Result : TIPS Use Clicks For Bricks Loan Mela Why take a home loan? What all can I take a loan for? How much will the bank/ HFC lend? What all is required to get a loan? Do I need to get insurance for my house? How much time does it take to get the loan sanctioned? 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Land Loan

Construction Loan Disbursement - Land Title Guarantee Company: Serving Colorado and its people since 1967 Home Lenders Construction Loan Disbursement Service Construction Loan Disbursing Service for Lenders For information about the Construction Disbursing process or pricing, please contact us via email or by calling the Construction Disbursement Department at 303-636-2760. The Benefits: Land Title's Construction Loan Disbursing Department is staffed by professionals with a total of over 51 years experience. Land Title keeps an accurate accounting of funds disbursed from the loan. Land Title employs its own professional inspectors to provide the highest quality inspections at no additional cost to you. Land Title collects Mechanic's Lien waivers throughout the project from each subcontractor, freeing up your time for other priorities. Land Title charges one flat fee for residential properties, which includes the inspection report, the Mechanic's Lien Endorsement, disbursement processing, and all delivery fees. A single fee means you can accurately budget for all your upcoming projects. Borrowers are included in the disbursement agreement, so no one is left out of the loop. Land Title maintains your escrow instructions. Land Title disburses on commercial projects and single family residences. Loans disbursed generally range from $200,000 to $50,000,000. However, we can disburse on loans of any amount. The Process: The construction Loan Disbursement process begins when the general contractor submits a Draw Request to Land Title. Land Title can provide a form upon request. However, your form, a computerized form, or an AIA form are all generally acceptable. The Draw Request includes the names and addresses of payees and the amounts to be paid. All invoices to be paid should be attached. The contractor presents the Draw Request to the owner and obtains the owner's approval and signature. Land Title conducts the Inspections and prepares a Construction Progress Report affirming that the work and materials are in place and estimates the overall percentage of completion. Land Title conducts a title search for Mechanic's Liens. Land Title forwards to the lender the Draw Request, together with the title search for Mechanic's Liens. While the draw is pending lender approval, Land Title cuts all checks, obtains W-9 tax identification numbers, prepares the check register, and is ready to disburse as soon as the lender's funds are deposited into Land Title's account. Items of construction interest, overhead and profit, and soft costs can be paid if they are in accord with the lender's policy. The lender and the borrower must both approve these payments in writing. When the lender approves the draw and funds are received, Land Title mails the already-prepared checks directly to the contractors, subcontractors, suppliers, and vendors as directed. Land Title's disbursement checks have a lien waiver imprinted on the face of the check. The lien waiver states the amount, the ownership, and the address, and the check stub gives the description of invoices or work being paid. The lien waiver must be signed separately and apart from the check endorsement. If the payee fails to sign the lien waiver, the check will not clear the bank. After Land Title has prepared and disbursed checks directly to all subcontractors and suppliers, Land Title will furnish a check register--listing all checks by check numbers, person(s) paid, and the amounts paid--to the contractor after each draw, and to the borrower and lender upon request. Land Title can furnish a check register from day one to any point in the construction. Land Title can also furnish a register for all payments to any individual payee at any time during or at the end of construction. The Pricing Land Title's Construction Disbursement pricing is based on the size of the loan and type of protection being provided. Please contact the Construction Disbursement Department by email or phone (303-636-2760) for a quote. Generally, the price for single family residences is $750 for loans up to $500,000, then 75 cents for each $1,000 thereafter.

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