October 2008
Hot Property’s preferred bank is still prepared to offer excellent mortgages of up to 70% to valuation, or 80% to purchase price to non residents 80% & 90% to residents.
A very attractive option of up to 5 years’ ‘interest only’ is also available, with terms of up to a maximum of 40 years or up to age 75 (which ever comes first).
Mortgage approvals will be given in 2 to 3 days and valuations within one week.
In this current market, where property prices are at there lowest level for some time and excellent bargains can be had, there is no reason to miss the boat through lack of a mortgage.
Email us on info@hotpropertyspain.netor telephone
2: EQUITY RELEASE SCHEMES
No payments will be made for the life of the recipient. The policy can be cancelled with a fee of 0.5% in the first five years and 0.25% from five years onwards.
Email us on info@hotpropertyspain.netor telephone
3: TOP REASONS TO MOVE TO
A list of the many benefits of living in
The Spanish have a good sense of family values and respect for the older generation.
No soggy burgers! – You can plan a BBQ well ahead of time without worrying about the weather.
Happy smiley faces.
Many Fiesta days - any excuse for a party!
World Health Organization states the Costa Blanca is officially one of the healthiest places to live.
Free spring water – just go and collect it.
Tap water is cheaper than the
No need for a TV Licence for any
Topless sunbathing!
New Grand Prix circuit in
No traffic jams.
Better air quality.
All year-round golf
More & more airlines fly here from more & more
Flights are still cheaper now than a few years’ ago.
No passport control problems.
The pension goes further.
Lower crime rate. No hugging hoodies here!
Fresh local produce in the markets – not full of chemicals.
Healthy Mediterranean diet.
Property prices are dropping.
Palm trees, white surf, beautiful blue water.
Everybody knows at least one person who has already taken the plunge.
Remember, mortgages have previously reached 16% so the current rate is still low.
Many long sunny days a year.
Lack of frosty winter mornings.
Lower fuel prices.
Lower car tax.
Lower car prices.
Minimal speed cameras.
Large alcohol measures & lower prices.
Good family values and respect.
Café pavement culture.
Many UK goods available.
English-speaking Radio stations.
Not necessary to speak Spanish.
Excellent health care.
Private medical insurance is relatively cheap.
Town centres ARE NOT no-go areas at night - many Spanish live in the town centre.
Siesta time - with shops staying open later.
Life is more generally relaxed.
A private pool is in the reach of ‘Mr. Average’, not just the wealthy.
Excellent sports facilities & water sports.
English-speaking schools with
Dramatic natural scenery.
To give him his full name, Gabriel Miró Ferrer was born in
Where or when he became interested in writing is not clear, but his first published novel was Del Vivir (1904), in which he introduced the character of Sigüenza (supposedly a reflection of himself) and also began to develop the sensuous and impressionistic descriptions for which he will be remembered.
In literary circles, his most remembered writing is Libro de Sigüenza, (Book of Sigüenza) a continuing series of impressionistic vignettes beginning in 1907. The main character, Sigüenza, is a Franciscan monk; he is meditative, withdrawn, and, rather ironically for the Spanish, a lover of helpless animals. He is very interested in stimulating the senses, with colours, sights and sounds, but lacks moral and intellectual capacity for action.
In 1908, his first important novels were published - La Novela de Mi Amigo and Nómada (The novel of my Nomadic friend and I). Most critics believe that his literary maturity begins with Las Cerezas del Cementerio (Cemetery Cherries) (1910), whose plot revolves around the tragic love of the super-sensitive young man Félix Valdivia for an older woman named Beatriz, and presents the themes of eroticism, sickness and death.
In 1914, he moved to Barcelona to work in various journalistic ventures and in 1915 he published El Abuelo del Rey (The King's Grandfather), a novel that tells the story of three generations of a tiny Levantine town, for the sake of presenting, and not without a little irony, the struggle between tradition and progress, the pressures of one’s environment and, above all, a meditation about time.
He also returned to his early life, with the development of a religious encyclopedia. His studies, during this undertaking, led him to write Figuras de la Pasión
In 1921 he published Nuestro Padre San Daniel, (Our Father Saint Daniel) followed in 1926 by El Obispo Leproso (The Leprous Bishop). These two novels are generally considered his finest, although what the novels lack in structure they make up for in sensitive presentation of the boy's emotional formation.
Although Miró was not an overt critic of the Roman Catholic Church, his criticism of its religious teaching is subtle but nevertheless effective. Miró continued to write and publish until almost the time of his death in
5:TO BUY OR NOT TO BUY? (A personal view)
Putting money in the bank. Low interest rates, giving a poor return. Banks getting more and more in debt and using your money to shore up their own shaky finances and hoping that they can ride out the credit crises.
The stock market. As the credit crises bites, all companies are hit with job losses, debit write-offs, which obviously affects share values. As a smaller investor, you will be relying on the capabilities of the share trader, who is employed by the banks. This started the whole problem in the first place.
Commodities. Again, as a smaller investor, you will be relying on the capabilities of the share trader, who is employed by the banks. Yet the banks, to save themselves, are laying off staff in the thousands worldwide.
Property. Now is the time to buy, as in some instances prices are dropping as banks foreclose and properties have to be sold due to mortgage problems, or other personal circumstances, so one person’s loss is another person’s bargain. How far prices will fall is unclear, but the more they fall, the more opportunities will arise and thus the demand for these cheaper properties will increase.
Off-Plan. Off-plan purchases have always been a way of getting a property at a cut price. Developers are how very keen to sell where developments under construction have not yet been sold. There are some excellent bargains to be found both for investors and those wanting a home in the sun. In some cases, purchases can be made with an existing transferable mortgage in place and, at a time where mortgages are harder to come by, this can be a major advantage.
No doubt we will return to the subject of "to buy or not to buy?” at a later date, so look out for future Newsletters.
The answer is most likely that, as prices are dropping, the amount of black money being used for purchases is far less, allowing the declared value to be higher. This also means that the average of 258,000€ is an under estimate, but by how much is not clear.
Another boost to the market, is that the Spanish Government is abolishing the Impuestos Patrimonio (Wealth tax) and, whilst residents often fell outside the criteria of the Tax, non-residents could not avoid payment. This change will leave non-resident property owners a few hundred euros a year better off.

