Category: Spanish Property Sales

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General and Property Update on Property For Sale in Murcia

Property For Sale in Murcia

Murcia, Spain: July 2022 – By Casas247.net

This month the highest searched phrase that our website is coming across is Property For Sale in Murcia; so it makes sense to add a blog to capture those buyers using that search phrase. To see plenty of Property For Sale in Murcia just look at our available properties from the home page at casas247.net.

July has been another good month for sales in the Murcia region. One of the longest completions we have had, due to a military licence requirement, finally got through the notary.

Get in touch with casas247.net to view any of our apartments or villas, bungalows and townhouses situated throughout Murcia.

Weather

Temperatures at this time of year tend to be a minimum of 24 degrees and a maximum of 33 degrees. Not one drop of rain has fell here in the Puerto de Mazarron. Luckily a lot of the Property For Sale in Murcia has air conditioning to help combat the heat.

Sport

The women’s Euro competition has been excellent. They put the blokes to shame. No backchat to the referee every couple of minutes, not constantly diving to get a free kick or penalty. I’ve been very impressed with the spirit it has been played. Obviously being English, living in Spain that game didn’t fail to disappoint with England coming from 1 down to clinch a 2-1 victory. And, for the final to be between England and Germany you couldn’t have written the script any better.

General

Here in the Puerto de Mazarron we have had new palm trees planted along the paseo maritimo. Also lovely colourful murals have been painted on the public toilets to brighten them up. As a result, the area is growing which is showing in the increase in prices of the Property For Sale in Murcia.

The chiringuito (beach bars) are still in full swing, not just providing refreshments but also entertainment on the weekend evenings. My local beach bar had a Spanish tribute band covering The Police and Sting. They are also holding comedy nights but this is above my linguistic level unfortunately.

The live music the town hall have put on has been amazing. From Jazz and Blues to Opera and Classical and Rock and Pop. The highlight this month has to be the Queen Unrisen tribute band in Bolnuevo with the famous rock erosions as the backdrop to the gig. The feature photo is of those rocks. The show was unbelievable, one I will never forget.

Stargazers had a treat on the 13th July when we had the exceptionally rare dazzling Buck Supermoon. The largest the moon will be clearly visible this year.

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Estate Agents in Murcia Costa Calida

Estate Agents in Murcia Costa Calida

Murcia, Spain: February 2021 – By Casas247.

Your Property Sold for Only 1% Commission

Full Estate Agency Service

No Extras, No Hidden Costs – No Sale No Fee. As estate agents in Murcia we Provide Free Valuations, Free Professional Photography, Free Assisted Viewings and Free Marketing On Major Property Portals.

We provide an honest, well researched market appraisal for your property with comparable evidence based on location, current market condition, size, age.

The only estate agents in Murcia offering 1% commission NO SALE NO FEE.

Offer competent professional advice and agree with your input (if you so desire) on best approach to marketing the property.

Take pictures of all available accommodation spaces, front and rear garden areas, views etc.

Offer simple, practical, proven and effective presentation tips to create the right impression for the potential buyer.

You will need an Energy Performance Certificate (EPC) for marketing, if you haven’t already got one. If you prefer and instruct us, we can arrange one for you.

We cover many areas across Costa Calida including: Mazarron Fuente Alamo Alhama de Murcia Totana Cartagena La Manga Mar Menor Los Alcazares Golf Courses

We target and update registered serious buyers on our database with new property listings then matching their criteria via text messages, emails & phone calls.

Free Advertising on Property Portals.

We would display our “FOR SALE” ad-board to create awareness for passing traffic if so instructed.

We would chase up the selling process once a confirmed offer is accepted to minimise unnecessary delays.

Our job is complete only when contracts are signed and exchanged.

All staff are trained and so abide by our professional codes of ethics and practice.

Finally

And finally, you get overall commitment from our staff.

And Here’s What We Offer! Whatever your requirements, we would endeavour to accommodate then we provide a comprehensive professional service backed up by an unrivalled knowledge of the industry and continuous adaptations in what we do. Our professional services provide the following services:

Property Sales

Property/Asset Management

Valuations

Mortgages and financial advice

Currency exchange and transfer advice

EPCs

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Sell Your Spanish Property for 1% in Murcia Costa Calida

Sell Your Spanish Property for 1% in Murcia Costa Calida

Murcia, Spain: December 2020 – By Casas247.

Sell Your Spanish Property for 1% in Murcia Costa Calida Mazarron!

At casas247.net we are determined to deliver the best value full service an estate agent can provide. In addition, we guarantee there will be no extra fees! Your property will receive full market exposure through major property portals, an associated agent network around Europe and benefit from our growing franchisee initiative.

Casas247.net does not charge upfront fees; you only pay when we sell your Spanish property at the notary!

Why not get a free valuation by visiting us here FREE VALUATION

You will be delighted with the lowest-cost estate agency in Spain. Why not try try us now! – You have nothing to loose.

The Spanish Property Market Is Unpredictable!

Here’s what we are doing to adapt to the current circumstances and outlook

Spanish property agents have, historically, charged some of the highest fees in the European property market. Often asking 5-10% commission on resale properties, depending on regional economies and demand. Since the 2008 financial crisis, estate agent’s fees have reduced a little; but on average, when you take added costs and terms & conditions into account; most property owners are still being charged around 4%. That’s 300% more than a UK high Street estate agent charges!

When you consider Spain hits buyers with some of the highest purchase taxes in Europe (8-10%) plus land registry, notary and legal fees, this ultimately translates to the Spanish property buyer paying 11% more, on top of the asking price. But it gets worse, most property owners here in Spain also add another 4% onto the price they want to cover their estate agents fees. That’s a whopping 15% the property buyer pays on top of the asking price!

This cannot continue, it’s killing an already fragile market. At Casas247.Net, we have slashed Estate Agents fees to just 1%, NO Sale NO Fee! We only charge on completion of the sale, with no upfront costs to the property owner. These huge savings – on average 5,400€ – provides extra wriggle-room for sellers to negotiate a favourable price with their buyers, thus, bringing the price of selling and buying property in Spain down to a more affordable rate.

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Spanish Property Owners Prefer “No Sale No Fee” Model

Spanish Property Owners Prefer “No Sale No Fee” Model

Murcia, Spain: October 2020 – By Casas247.

Recent research has revealed that online estate agents offering low monthly up-front fees, without the guarantee of a sale at the end is not popular with Spanish property owners in Spain. Since Purple Bricks burst onto the British property scene in 2012, offering a new hybrid estate agency to rival their traditional High Street competitors, their low cost pay-upfront business model has been replicated around the world with varying degrees of success and failure.

Many of the early entrants to the market were simply dwarfed by the well financed senior rivals. Purple Bricks had a few years head-start and a lot of investors. Purple Bricks were seen as the original market disrupters. It was a complicated niche to infiltrate.

By 2015, even Purple Bricks were experiencing resistance to their pay-before-you-sell model. Property owners were not comfortable with this form of estate agency, preferring instead the traditional No Sale No Fee approach, even if that meant higher fees. Better to pay nothing for no results than £1500 with no guarantee of a sale.

Business Model

Eventually, Purple Bricks had to rethink their original business model. The brand was established, but the profits and returns to investors were poor. Market survey after market survey churned out the same results – home owners were not comfortable with up-front payments.

With losses mounting around the world, Purple Bricks decided to offer the option of payment at the point of sale. This decision had profound effects, not just for PB, but also for the traditional High Street Estate Agents – large and small! Purple Bricks were now offering No Sale No Fee contracts that were fixed fees of around £2000, far less than the average High Street estate agent’s commissions, set between 1-2%. On the average property price of £280,000 that was a saving of £2,200 or 55% – and even greater on higher value properties.

For the traditional High Street Estate Agents to compete, they had to reduce their own fees and costs. This resulted in many closures, bankruptcies and redundancies. PB were quick to offer jobs to many of these newly unemployed sales negotiators expanding their coverage around the UK.

Spain Adapts

By 2015, Spanish property agents looked to replicate PB. It was an attractive proposition. Money upfront, no pressure to sell and in many cases, the option to earn more from charging for photography and adding the vendor’s property to their own website. Further extra charges for premium property portal marketing and assisted viewings. By the time all of these add-ons were calculated by property owners; it was obvious there were no savings to be made; in fact, paying upfront for all those costs, without the slightest hope of a viewing; let alone a sale was just too much of a risk.

The main beneficiary of the PB experiment in Spain has been the property seller. Just like in the UK, the traditional High Street Estate Agents have had to lower their commissions to compete. Over the past 5 years, average commissions charged have reduced by half, from 5% to 2.5% in highly competitive areas.

Over the next 3 years, those agents fees will reduce further and as a result, there will be fewer agents, job losses and bankruptcies.

Casas247.net has acknowledged where the Spanish property owners market is heading; which is why we can now offer 1% agent’s fees on a No Sale No Fee basis, with commissions payable on completion with no upfront fees or add-ons! We believe we are the first in our profession to provide this full estate agency service; with no hidden costs or catches.

Please contact us for more information here.

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What Features Increase And Decrease Property Value In Spain?

What Features Increase And Decrease Property Value In Spain?

Murcia, Spain: October 2020 – By Casas247.

When placing your property on the market in Spain, you need to consider the pros and cons that effect your property price. Like what features increase and decrease property value.

The Spanish property market is very different to the UK. Schools, transport and proximity to the workplace dominate UK property values. These features are relevant in the local Spanish property market too, but rarely apply to the foreign buyer’s market. That’s because most foreign property owners and buyers are looking for a holiday home or to drop out and take it easy and enjoy the good life in the sun. So what features increase and decrease property value?

Rarely do Spanish people buy homes on urbanisations designed for leisure or choose country properties as their main home. Instead, they look for practical, low cost family housing, close to major towns or cities, virtually the exact opposite of what foreign buyers regard as a dream Spanish home. So what features increase and decrease property value?

The local Spanish property market also has a different age demographic compared to overseas buyers. Young families and professionals from 25-55 are the main drivers of the internal property market. Conversely, the overseas, foreign buyer’s market largely comprises of buyers between 50-70 years of age with higher, northern European budgets.

The property you currently reside in, here in Spain, will rarely appeal to the average Spanish buyer. In effect excluding around 97% of the total Spanish property buying market. The overseas property market is usually around 20-30% more expensive than the local equivalent. This is an important fact to consider when first putting your property on the market.

Will my Property Appeal

So the first question to ask yourself is: “will my property appeal to local Spanish buyers, or be better promoted to foreign buyers?”. If you aim at the local market, you will have to accept your price will need to be competitive and lower than expected. If you are targeting overseas buyers, it will have to appeal to those looking for the typical Spanish dream location, rather than a practical town or city area.

The most popular locations for the lucrative, overseas buyer’s market are as follows;

  1. Coastal apartments and villas.
  2. Golf & leisure resorts.
  3. Urbanisations close to coast/airports.
  4. Country homes with views.
  5. Cheap renovation projects/bank repos.
  6. Properties in attractive villages/hamlets.

The least popular property features include;

  1. Over-priced property.
  2. Isolated homes.
  3. Properties with poor access/long dusty tracks.
  4. Properties in agricultural town locations.
  5. Cluttered and poorly maintained homes.
  6. Unattractive, poorly designed homes.

It’s important to consider the pros and cons of your property above before contacting an estate agent. Be realistic, be objective about your property before deciding your sale price. Do some research on the internet and compare properties similar to yours. Some estate agents will take your property on at any price, but only a professional estate agent with an understanding of true property values will sell it.

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Murcia Property Owners Delighted With Low-Cost Estate Agent!

Murcia Property Owners Delighted With Low-Cost Estate Agent!

Murcia, Spain: October 2020 – By Casas247.

Property owners in the region of Murcia have reacted positively to the launch of Casas247.net  –

A brand new Spanish Property marketing platform that offers vendors ultra low cost fees for selling their Murcia property.

Traditional Spanish Property Agents tend to charge between 2.5 – 5% commission on the average property sale. Often, there are several clauses in their contracts; so what looks like 2.5% is more likely to be 5% when you see the terms and conditions.

For example, the agent may require your property to be “exclusive” to them for a long period; this means you cannot get maximum exposure with several agents at the same time. Further scrutiny will reveal that you are required to use their own legal advisors who will charge a lot more than if you choose your own lawyer.

Estate agents can also require you to use their preferred currency company. This can give you sub-optimal exchange rates because they are paying the agent a commission.

At Casas247.net there are no hidden fees or catches. We provide a full estate agency service, which includes everything for just 1% commission; payable on the completion of your property sale at the notary.