confused property owners Torremolinos?!

What is going on these days. The Euro goes down, The pound seems to go up a bit. At least it does against the euro! The new British government takes measures. Spain cuts salarys of all workers in public service!How does this all effect the value of my real estate in Torremolinos. Is the price of my property going down or up? Is it smart to buy a house or an...

Public Wage Cuts, Lowers Growth Outlook and prizes of real estate

The following article is taken form the web. We think the conclusions are pretty obvious. have a look. May 21, 2010 -- Spain approved the first public wage cuts since returning to democracy in 1978 and reduced its economic growth forecast for next year as the government tries to tame the euro region’s third-largest budget deficit.Gross domestic product will...

Spain Is On The Brink Of Financial Collapse Because Nobody Pays Taxes

Spain threatens the strength of the euro currency union far more than Greece, given the much larger economy. And it turns out that, just like Greece, Spain has a horrendous tax-dodging problem. Which means lost tax revenue the Government has to borrow money for.For Spain, such tax shenanigans center around the property market where reportedly half of landlords...

Real estate agents in Torremolinos

Hereby a selection of real estate agents in Torremolinos. It is not possible place them all. The following estate agents will show only a small amount of all the properties in Torremolinos. Have a look and see what they offer. An agent which is listed below doesn´t mean it is a quality real estate agent. The list is just to provide some help. So judge yourself...

Buying property with no real estate agent in Torremolinos

Just like almost everywhere in the world. There are nowadays lots of possibilities to find real estate in Torremolinos, Costa del sol, Spain. Besides local news papers like El Sur or El Sur in English The main search source to find your property is internet of course. The following websites can give you an impression what properties are for sale in Torremolinos.Comprarcasa.com...

Top 3 mistakes made by real estate investors

Real estate investment is perhaps one of the most lucrative forms of investment today. Especially on the Costa del Sol and Torremolinos, because the renting out possibillities are great. But it is also equally risk bound especially when one is not well versed with the trends and nuances of the real estate market. Knowing the most common mistakes made by real...

Cannot pay the mortgage of my property in Torremolinos!

cannot afford to keep the mortgage payments up on a property. What possibillitys are there for real estate owners. What bank is flexibel in Torremolinos and what bank is not.First of all there is a option called ´Dacion en pago´ whereby you come to an agreement with the bank for them to keep the property in return for canceling your debt. While it seems like...

Spain posts housing sales increase as 'investor confidence returns'

More positive news about the housing market in Spain. I would say, spain is a big country. This doesn´t say much about the situation on the costa del sol or Torremolinos. I will try to find some recent figures about the current real estate market in Torremolinos. But have a look at the next article. Spanish property market has posted its first rise in house...

Current exchange rate GBP and falling prices attracting investors to Spain

Property searches are up for Spain as investors look to capitalise on falling prices and favourable exchange rates, it has been claimed.According to British newspaper the Financial Times, many agents have said that price falls in Spain are drawing investors back to the country.I found the next article on the net. If i look around at the property market in Torremolinos,...

Keep your Torremolinos property warm in winter

Spain in the winter is warmer than England. Especially Torremolinos at the Costa del Sol has a mild climate in winter. The days are generally sunny, although the evenings can be cold. If you have a north or east facing home, you’ll probably need some form of heating between November and March. South-facing properties are cosy in the winter, but can be unbearably...

Real Estate Agents in Torremolinos

If you are considering buying property in Torremolinos, Costa del Sol, Spain then you will be looking for a list of Torremolinos estate agents so you can look at their websites and get an idea of what type of property your money can buy you in Torremolinos.Torremolinos is one of the best known package holiday resorts in Spain with thousands of holidaymakers...

Renting a house. What to know

If you don´t want to buy your Spanish home in Torremolinos, while living abroad, it´s wise to rent a house first. There are as many houses for rent as for sale. Most real estate agents in Torremolinos try to survive by renting houses. The next article will give you some basic information you really should know before renting your dream house in Torremolinos...

10 reasons to buy real estate in Torremolinos

In the next article you can read ten personal reasons why I bought my property in Torremolinos on the costa del sol, instead of somewhere else in Spain.1) Best climate in Spain. Soft winters and summers are less hot then most other coast area´s in Spain. See weatheronline.com 2) Torremolinos is the closest coastal resort to an airport. 10 minutes by train.3)...

Spanish mortgages are getting better

The current economic crisis has forced the Spanish banks to find ways to allow their clients to survive the difficult situation many of them find themselves in. The result has been the introduction of much more flexible and affordable mortgages.Until recently it was hard to get anything other than a traditional repayment mortgage in Spain, unlike other countries...

Spanish bank account

You need a Spanish bank account, as the utility companies will only connect you to the services if they can set up a direct debit with a Spanish bank for payment. Most banks in Torremolinos have english speaking staff nowadays. Some banks may also produce statements in English on reque...

Don´t buy debts when buying your house in Torremolinos

In Spain, debts are attached to the property, not the person, so ensure that your lawyer obtains proof that the vendor has paid all his obligations, including community fees if the property is on an urbanisation, and all utilities and taxes. Also ensure that the property is free of mortgages. It may be boring, but ask to see all the receip...

Paying a deposit for your new home.

Don’t pay a deposit when buying your house in Torremolinos or another place on the costa del sol... unless you are certain this is the home for you. In Spain, once you hand over a deposit, you are committed to the purchase. If you withdraw later, you’ll lose your money, which is typically 10 percent of the asking price. There are plenty of properties on the...

Buying a house on rural land

Be aware of the infamous Valencia Land Grab Law (LRAU) of 1994. Introduced to prevent rural landowners standing in the way of necessary expansion, the law in Valencia was badly drafted and has been used to compel householders to either surrender part of their land or contribute towards local infrastructure. Your lawyer should ensure your planned property is...

Buying a house on the beach??!!

You might fancy a home on the beach, but be aware of the 1988 Ley de Costas (Law of the Coast). Spain wants to halt the overdevelopment of its coast, and many home owners face the prospect of having to seek permission to remain in a home they purchased in good faith years before the law came into effect. Coastal land is public land, and many builders went ahead...

Buying your house off plan

Unless you’ve set your heart on a shiny new build, don’t buy off plan at the moment. Several builders have gone out of business, and even the well established ones have curtailed their building until things improve. You could be waiting years for your home in the sun.If you do buy off plan, ensure your builder is well established. NEVER BUY FROM A BUILDER WHOSE...

A LAWYER??? YES or NO???

Choose an independent lawyer. (Abogado)Your agent may make recommendations, but an independent lawyer will make serving your interests his only concern. Your lawyer should also ensure that you receive translations of all documents connected with the purchase. DON’T CONSIDER COMPLETING THE PURCHASE WITHOUT A LAWYER.Again, ask around!! be sure his fee is reasonable...

Choosing a real estate agent in Torremolinos

More and more people are buying a home in Spain, whether as a retirement home, holiday home or investment. With prices falling daily as people panic over the credit crunch and the weakness of sterling against the euro, now can be a good time to buy, but hey, - be careful out there! This is the Costa del Sol in Spain!How to pick the right real estate agent! ...

Where to buy in Torremolinos

If you decide to go to Torremolinos it is wise to know the town before you are going to buy something. most neighbourhoods have ther own caracter. The old town near town hall is for example way different then Playa Mar or carihuela. El Pinar is quiet with Villas, the center is busy with bars and terraces. Torremolinos is pretty big. don´t go crazy scrolling...

Spanish real estate jargon

spanish real estate jargon gives you some help with spanish words. Try to learn some before buying your house or appartment at the costal del Sol, Torremolinos. You will find out that even foreign real estate agents are used to use some spanish words during the process of buying. good luck studying.Abogado – lawyer or solicitorApostilla – an official stamp on...

More legal information

The next article gives you more legal information you need, before buying a second hand house or a new development in Torremolinos or Spain in general. This is crucial information before buying real estate in Spain.Below are some of the things you need to consider when buying a property in Spain:Prior to viewing houses in Torremolinos.Prior to arriving in Spain,...

Where to start. About your N.I.E.

The first step when you decided to buy a house or move to Spain for a period longer than 3 months would be arranging a NIE identification number.•An NIE code is essential when buying property, opening a bank account, starting a business, use short-term employment agencies or receive social security benefits •The NIE number is both a Social Security number, and...

Buying a house in the Financial crisis. Smart or Stupid??

Currently we are in one of the biggest financial crisis ever. Spain is doing even worse then most EU- members. Is it wise to buy a house now?First of all we can tell you it is not easy to get a mortgage in this time. Specially spanish banks are very difficult. Most banks will say no on forehand. One of the most flexibel banks is IBER CAJA. They still give 80%...

Why buy a house in Torremolinos??

Why should you buy a second home or even maybe your first home in Torremolinos? On the Costa del Sol are more posibillities. For example Benalmadena, Fuengirola or Marbella....The towns mentioned above are all big tourists resorts in Spain, Costa del Sol. Same climate, beaches and shops for everybody.What makes Torremolinos different:1) Closest resort to an...

Real Estate Torremolinos

This blog is for every body who is interested in buying a house in Torremolinos, Costa del Sol, Spain.We will give you information about the local market, tips, ideas and other useful suggestions.Ideas from reader´s point of view are very welcome of course. We are not a real estate agent or an inmobilliaria in Torremolinos and we dont sell anything. More to follow s...