Real Estate Torremolinos

Crisis. Buy or not to buy??

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Spanish Real Estate Jargon

Posts tonen met het label buying property. Alle posts tonen
Posts tonen met het label buying property. Alle posts tonen

Real estate agents in Torremolinos

zaterdag 17 april 2010


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 about there quality.

Solanina
Danza Invisible, La Nogalera,
29620 Torremolinos (Málaga)

Universal Inmobiliaria
Avenida Palma de Mallorca 27
29620 Torremolinos (Málaga)

Inmocostadelsol
Avenida Carlota Alessandri, 150
29620 Torremolinos (Málaga)

Intercostainvest
Calle Las Mercedes 13
29620 Torremolinos (Málaga)

The real estate agents above all have websites in English.

Buying property with no real estate agent in Torremolinos

maandag 12 april 2010


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
www.mundoanuncio.com
idealista.com

It is always smart to have a look with a professional. Don´t try to buy real estate without help.

Top 3 mistakes made by real estate investors

dinsdag 6 april 2010


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 estate investors will help one steer away from making similar mistakes and ensures good return on investment.

Bankrate.com has put together the top 10 mistakes after speaking to established, full-time real estate investors and other professionals involved in real estate investment such as bankers.

1. Not planning ahead
Lack of a proper plan is the biggest mistake made by novice investors. Finding a house after forming a proper investment strategy is the right way instead of looking for a house to fit the plan. Many make the mistake of buying a house because it seems to be a good deal and then try to see how they can fit it into their plan.

Instead of buying a house and thinking one can plan in due course, investors should concentrate on the numbers and try to make offers on multiple properties. This will ensure a good property that not only matches their investment model but also works out well with the numbers they had planned for.

2. Believing you can make money quickly
The second major mistake that real estate investors make is to think it is very easy to get rich in real estate. This is only a myth. The reality is that investing in real estate is a long-term project.

3. Doing it single-handedly
To become a successful real estate investor, one needs to build a team of professionals to assist in deals. This would ideally include a real estate agent, an appraiser, a home inspector, a closing attorney and a lender.

So before buying your spanish real estate in Torremolinos at the Costa del Sol....have a look first at the ten most common made mistakes at Bankrate.com

Current exchange rate GBP and falling prices attracting investors to Spain

zondag 21 maart 2010


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, then I really doubt the next article. I would say be carefull to invest in the current real estate market.

Furthermore, thanks to a strengthening GBP, Spain has become eight per cent cheaper for Brits in the last 12 months.

The number of people searching for properties in Spain in particular rose by 48 per cent in the same period, while they were up 341 per cent since December 2008.

Ann Wright, of property website primelocation.com, told the paper: "Interest in overseas property has shot up in recent months.

"The encouraging signs of recovery in the UK property market and economy and the resulting upturn in consumer confidence appear to have had a knock-on effect on the overseas market."

National Association of Estate Agents International recently suggested individuals looking to buy property in Spain should do so in the early part of 2010.

10 reasons to buy real estate in Torremolinos

maandag 1 maart 2010


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) Torremolinos is only 20 minutes away from the city center of beautiful Malaga.
4) Even in summer it is easy to find a quiet spot on the beach.
5) Torremolinos is very diverse when it comes to property. from small houses to big buildings with penthouses. it´s easy to find the house of your dreams.
6) Torremolinos is way more spanish then for example Benalmadena or Fuengirola. So less drunk English, Germans or......
7) Because Torremolinos is closer to airport, city center of Malaga etc. values of your property is more stable then other resorts at the Costa del Sol.
8) Torremolinos stays lively all year round. Altough it is way more quiet in winter then in summer, you won´t have the feeling you live in a ghost town during the winter period.
9) Torremolinos has all facilities you can imagine in town or close buy. Movies in English, biggest swimming pool on the coast, a lively community center ect.
10)YOU HAVE THE FEELING YOU LIVE IN SPAIN. Not like Benalmadena or Fuengirola, where you live in sunny Great Britain.

THis was my personal top ten. feel free to comment!

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

zondag 7 februari 2010



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 a tax identification number

•Applications for an NIE can be made at a police station with a foreigners department which can be found in the most towns of 100.000 or more inhabitants. Foreigner department in Torremolinos is at nacional police station at calle skal. Right in the center.

To obtain the NIE go the police department Oficina de Extranjeros in calle skal you are intending to be registered and ask for necessary papers. Like most offices it is overcrowded and only attend visitors in the morning hours until 1 p.m. So first collect an application form for NIE and fill it in at home.

•You will need the number repeatedly filling in various paper forms as well as to identify yourself through internet sites like online banking.

Make copies of all the documents you will need to supply with the form and return other day early in the morning so you will be ontime to get a number and file the form. The office will then indicate when you can collect your NIE. Normally it will take 2 weeks to 1 month.

Residence card

As of March 2007 EU citizens do no longer need a residency card Extranjería). European Union citizens are issued with a certificate stating their name, address in Spain and NIE. You can always apply for such a certificte at a later stage.

Pensioners who are retiring to Spain still require a residence card. Consult with a local lawyer on this matter.

Citizens of non-EU countries must have a residency permit. It should be applied for within 30 days of arriving in the country. The application should be addressed to the Foreigners' Office (Oficina de Extranjeros) or, depending on where the nearest office is, the local police station.

Non-EU residents are allowed to stay in Spain for a year on an initial permit (residencia), which can be renewed, and lasts up to 5 years.

Before departure for Spain a Visado de Residencia must be requested from the Spanish Embassy of the home country.

Social Security Card

If it is the first time you have worked in Spain you must obtain a personal social security membership number. You can arrange this yourself or your company can do it on your behalf.

Consequently, you will obtain the social security card (tarjeta de seguridad social), which must be presented at the corresponding health centre to be assigned to a doctor and obtain a health certificate.

Registration at town hall

If you wish to prove that you live in Spain you may register with the local Ayuntamiento (local council). In order to do so you only need to present the rental contract for your accommodation or an electricity or water bill, etc. to prove that you actually live there. In many cases being registered means paying less communal fees or getting reduced price membership to town sport facilities etc. It will also enable you to vote in local elections if you are an EU citizen.

Our advice!! Take a trustable and bilangual specialist let him or her inform you about your specific situation it cost you a bit, butt will help you a lot.