July 2008
Hot Property can, through our associates, help you obtain a Spanish Mortgage, although the necessary requirements to do so are quite strict.
- Buy the house of your dreams…without having sold your current home!
- Then take up to 5 years to sell
- Finance up to 100% of the purchase price of your new home plus expenses!!!*
- Partial repayment with 0% commission during first 5 years
- Payments from as low as 0€ for up to 2 years *
- Then a further 3 years interest only
- Up to 40 years’ term *
-
*Subject to financial and residential status and valuation of both properties.
If you are a homeowner (in Spain) and you want to move home (in Spain), but you still have not sold your current home and you can not pay for the new one then, with this mortgage, you can sell without any rush and move home as if you had already sold yours. With a single loan, which is divided between the house you buy and the one you sell, we give you 100% of what you need to acquire your new home. You can pay it off within a maximum of 40 years. Please contact us for further information. info@hotpropertyspain.net
2: CURRENT MARKET PREDICTIONS
It is no secret that the property market in
Even when the number of properties exceeds the number of buyers, there will still be properties which buck this trend - unique frontline properties, properties with panoramic sea views, or with direct access to the beach, may not be so affected by market conditions.
3:SOLANA HILLS HP0677R
Example 1: Solana hills - Two bedroom townhouse with panoramic views.
Was £128,000 IS NOW £114,300
Example 2: Monte Solana – Casa Deseo – Three bedroom villa with private pool near the coast. Was £224,000 IS NOW £178,500
Recent times have seen the construction of larger out of town shopping centres, the newest being La Portal del Marina on the N332 at Ondara. A large modern complex, with many chain outlets, as well as a few smaller independent shops, a food hall and cinema complex. There is also La Marina centre at Finestrat, near Benidorm, or, for a day out, there are two large centres and an Ikea store in
There are also specialist outlets for other nationalities, it really is a case of searching and using. For general weekly food shopping there a number of supermarket chains. In no particular order, there are;
MAS Y MAS: Supermarket chain, with outlets in many towns, sometimes even more than 1 a town. Quite a good selection of British goods, but mainly ‘run of the mill’ produce.
MERCADONA: Good quality supermarket, with outlets in many towns, with a huge selection, but not so much British produce.
EROSKI: Large and out of town supermarket chain store, which has recently expanded by buying out the smaller chain of Caprabo. Also sells hardware, etc in larger stores.
CARREFOUR: Large out of town supermarket chain store selling almost everything. Has specialist section aimed at Expats from a number of European countries.
CONSUM: Supermarket chain with outlets in many towns.
LIDELS: Stack it high and sell it cheap, with outlets in many towns. Has many one-off deals for diverse items that you would not expect to find in a supermarket, i.e. TV stands.
In addition to the supermarkets, every town has a weekly open air market and some also have a “Rastro” which can be likened to a car boot sale. The following is just a selection available, but there are many others as well.
Monday: Denia Food Market - La Nucia Market
Tuesday: Altea Market – Benissa Rastro – Jalon Market
Wednesday:
Thursday: Jalon Market – Javea Market
Friday: Alfas del Pi – Denia Market & Rastro – Gata de Gorgos Market – Moraira Market
Saturday:
Sunday: Pedreguer Rastro – La Nucia Rastro – Teulada Rastro
This newsletter is intended as a guide and to be
informative and helpful in the process of searching for and purchasing a property in