For example, many people mention the Spanish land grab. It was hyped in the press. Yet of the 800,000 Brits who purchased in Spain there are only some 55 cases of the LRAU (The law in question) being used against them. And there are strong arguments to support the fact that they, the Brits, may not have been in the right.
So why do we begin with this? Mainly because we have seen a big upsurge in snagging in Spain over the last few weeks and this is an indicator that the UK market is buying there again.
Yet the press would have us believe we were all mad to buy anything anywhere at the moment. Even nipping down the corner shop to buy a bag of crisps could put you in all kinds of danger. So don't do it!
Anyway, if you really are an extraorindary character and have decided to buck the trend and purchase a property in Spain because, well let's face it, it's the absolute best time to do so, please remember that before you go to deeds you should have this property snagged, or inspected for faults, and have the snag list that we produce sent to the vendor or developer.
Where are we snagging at the moment?
Well, in Spain's Costa del Sol we currently have clients who have purchased in El Campanario (The Belfry for those of us who don't speak the lingo). Paraiso Hills (Very nice too!) and Oasis Cala de Mijas.
On the Costa Blanca we have seen some action in Polaris World sites El Valle and also some movement Punta Prima.
Bu of course we will snag anywhere in Spain. We have even done some snagging in Galicia. Hence the photo. This property was sold for something like 55,000 Euros! Not bad, but it's a bit nippy up that way!
Anyway, have a snag free week and don't forget to contact Snagging Overseas for any proerty inspection or advice.
Interesting comments about Spain and the overseas market in general. Nice approach! I'll read you more in future.
ReplyDelete