What property not to buy in Spain
HTML-код
- Опубликовано: 13 окт 2015
- Buying property in Spain can be risky, I highly recommend visiting and understanding the communities. Myself living in La Mata for the last year. I can see the stark contrast between where we live and less than 5 minutes up the road. In this video I discuss the differences relating to infrastructure.
That looks like a concrete gheto
Thanks for your neighborhood insights. You answered one of my questions from a recent email. Regards, Bruce
Glad to help
If you want to live in Spain my advice is keep clear of the Torrevieja/ La Mata / La Marina Area. All totally geared to the 'Brit Abroad' unless you want to live in 'Sharon and Tracy land' that is. Its just like living in 'sarfend on sea'....However just 40 kms inland you will find Spanish villages, with bars, shops, supermarkets, banks... and yes hardly any Brits, but you have to learn Spanish....right
+Tony Sinclair you do going in land but also we don't really see that many Brits in La Mata. Majority of holiday makers seem to come from Madrid, Bilbao and Barcelona.
Tony Sinclair Send your kids to an all-Spanish school
Sí, por su puesto, integrar, no aislar. Es la única forma de romper las barreras.
Chavs pre-date Blair, I remember plenty of trackie armies under Thatcher's regime.
Tony Sinclair
“Sharon and Tracy land” I could put up with to some extent, just not “Trevon and LaQuisha land”.
GET A SURVEY before buying a property. Especially on older properties. Estate agents totally discourage building surveys fearing they will loose a sale. Get the electrics tested. Better still, insist on a valid "boletin" (electrical installation certificate) which is not mandatory for the sale. Nobody does this. It is the biggest mistake Brits make.
Agree as the house we are currently living in will need all the electrics, pipework and insulation installing. Sub standard is too common but also the materials are end of life.
You are most welcome to contact me if you need advise on electrics for Spanish dwellings.
Everyone should get a survey before buying a property, why they don't baffles me. But the reality is, they are more likely to have a safer resale than they are a new build, and also theres a fair old chance its a legal build, and about 100 year old, when they kept the donkeys in the spare room in the Winter. Spain is a backward country that needs at least 200 years for the Spanish people to evolve into modern man.
@@mrsbee5056
If Spain is backward country, then what is UK? Two taps, driving on wrong side, measuring in inches, speed in miles, going back from EU. Is that straight forward modern country?
Its the newer properties after having a few years experience that are awful. No licenses, sewage problems, movement in the structure. Those old farmhouses have been there for many years. We bought a 7 bed for 60 grand, sold it for 60 grand but didnt spend much doing it up. Worked and had a 3 year holiday and new experience...oh and youl be lucky to get work. We moved for a job offer. Dont do it the other way round it is cactusville
Love La Mata. Come here every year for a vacation as I am right now😊
Hi Matt. Greetings from the South of France between Cannes and St Tropez. Great video, straight to the point as usual. Is there any way to contact you pls, about that video subject ? Thank you.
Thanks for that advice! I'm checking out some apartments in Torrevieja centre near beach in 3 weeks time. However, I plan to rent for 3 months first and also check out Guardamar and Santa Pola. La Mata and La Zenia look nice too but I prefer a bigger and busier place myself. I will get a survey done on the apartment and one on the electrics too thanks to some advice in the comments here.
Hi, very interesting video. Do you know much about the southern regions like alicante?
Oh wow Matt, i see you have this channel also. this may answer some of my questions. How about rentals, are you looking at owning any rentals there? I may not go back to the PI if I can find a good place to move to in Spain.
Yes, viewing a place today. As we are looking to make our first purchase in Spain
We are moving to Moraira in June. Do you have any tips for finding jobs in Spain? Thanks, grant and Millie
Along the same lines, I am interested in Lanzarote and see urbanisations which was just sort of invented a mile or two away from main resorts and have seen them go downhill, full of weeds and cracked tiles in footpaths
It is definitely a problem with over developing and lack of good infrastructure to keep things busy all year round.
Find your posts so informative looking to buy small place in next couple of years what's the renting situation like if you have two dogs to bring?
Best to ask in advance but many places allow small dogs.
thank you
Hi,To buy a place in or around the Torrevieja area for say 100k how much would that cost in yearly fees to own and what is the Spanish equivalent to the UK’s council tax.Does it work out cheaper to live there?
Council tax is Suma which is around 200 to 350 per year. There may also be community charges for gardening, cleaning etc. Depending on location and building type. 100k can buy a 2 bedroom upwards depending on location and type.
What about buying land and building off grid, heading into town once a month to buy produce and supplies and then heading out , is this possible to do ..??
I can't imagine any reasons why not, but you will have to take care of many things and possibly encounter problems with permits for building, no water, electricity or sewer system. How you will find good lawyer, architect and contractors? if one day you decide to start renting you property for any reason, then location will be very important again.
Posible but not easy, if the land is classified as "terreno rústico" normally the only way to be allowed to build a house is if you are actually working that land (farm or something), you must own a piece of land of a certain minimum extension, use a certain minimum % of that land for the farming and you can only build a small percentage of the land. Or if you buy a piece of land with a house already in it and legalized, even if it's in ruins. All those urbanizations built in the midle of nowhere during the boom required local governments to reclassify the lands first (lots of corruption with that, specially in that part of the country)
Hi Matt, how is it possible to contact you ?.
I have my own Antique/Jewellery shop here in Cumbria in the North West of England and l was wondering is Spain business friendly or is it hostile to outsiders ?
Its more about the paperwork and language barrier than anything else. Businesses are easy enough to setup if you know the procecsses. Ideally I want to understand these things to put online for "free" as so many expats and Spaniards milk the lack of knowledge on simple processes (if you can find the forms and fill them in) that I would love to damage their business and make it easier for everyone. As their services are often not useful but expensive. As its simply a cashcow for them, so understanding what expenses you are entitled to they won't know but may sit between you and an accountant that does. So main issues are language followed by finding all the right paperwork to stay legal.
Alicante Spain ,
What do you concider high rise - to me a close connection of 4 storey flats are high rise tourist areas - somewhere I would like to visit but not live
They are technically called low rise, but they are in condensed areas but may "not" be tourists depending on location. High rise changes country to country but personally I use the term above 10 storey. In Spain its common for people to still live above shops for example. However for me its more about the location as where we are for example we don't have a crime problem and have a community yet nearly all blocks are 4 high. Go into Torrevieja itself there are certain areas riddled with drugs, prostitution and other problems and you will see them advertised a bit cheaper than other properties (just not advertising why). When researching worth googling the specific areas to see of any crime that has hit the press. Also look at things like AirBnB see if there is a high density of rentals in a specific area which will also give you a gauge of rentals.
which one is good to live nerja or torrevija or lamata? whats the price like in nerja compare to lamata
La Mata is just outside Torrevieja, we like La Mata because its quiet but most people working in the area work in Torrevieja.
Some friends are moving to Spain.. I hope it pursuades my fiancé to do the same.. I'm praying
If you are still helping folks find properties in the La Mata area, I would love some assistance. How do I contact you?
Info@torreviejaservices.com
Do you know much about denia, and the surrounding area? Looking to rent for a year to get the feeling of living in spain before we buy
Bit far north for me. But a lot of people settled in the area so would be similar.
Denia is absolutely wonderful. As are the surrounding towns.
So who would you recommend using to buy a small flat for my wife and myself to live in Torrevieja? Cheers :-)
Just be careful with agents, but if you have a budget , location, number of rooms I can ask around.
@@LaMataMattHi :-) many thanks for your reply. We've been in Marbella for about five months now and looking for work very slow right now, we're thinking of Torrevieja Alicante area possibly towards June, we'll probably end up renting as we're just about to make a flat investment in the UK to help us here in Spain.
Hi Matt Im very interested to buy or rent in Spain bur love to go some where close to the beach !!! Can you make us a video abaut places in the coast and more or less how are the prices, thank you very much love your videos !
Will do on my next trip back. Hopefully be going through the purchase process on our new house aswell
I think we have to visit there first before we buy....I might see you there...
Why bother when you can get a gorgeous airb&b for about 350 a month between 2 on an urbanization. I wouldnt advise it and Ive lived in North and Southern Spain. If you rent you can spend your time taking a few months here and there. Dont listen to the cr&p the estate agents tell you about how much you will be able to rent your place out for. My friends were desperate for renters
I've been looking at getting a "crash pad" 1 bed studio.
What prices am I looking at for a quiet but not to far out of the way location?
Torrevieja is cheaper than La Mata but around 30,000 upwards in San Luis I have seen as low as 19,000 (but its a bit further away from the beaches etc.)
Alicante Spain Thanks for the fast reply. I was amazed at the bargains that are out there. There's few repossessions available too.
Hi I have a studio apartment in torremolinos c/mannanntialas near beach will be selling early next year
@Torh Bakalit hi I live in Ireland 🇮🇪 and I don't get much chance to visit and the maintenance cost
I have a studio apartment for sale in Torremolinos near enough to beach soon
Hi!
What was wrong with Torrevieja? You said people did not like that city?
But you also say it is a proper city with shops etc.
Thanks man!
A lot of people find it a bit enclosed due to the design of the streets on the main town area.
Alicante Spain ok Thanks!
It is a city though! Thinking about moving there in a couple of years!
Are you from the UK, and now living in Spain?
@@justaswede3135 it's not about the size of the city as Barcelona and Madrid have wider layouts. It's the narrow roads with low rise buildings on both sides that make it enclosed.
Alicante Spain ok got it! Bad planning!
But there seems to be very nice areas around ,Torrevieja?!
But as you said, you do not want to live in an empty area, where there are only foreign owners, that only visits a couple of weeks every year!
You need parking too, and that can not be easy in the city!
And you need to be near shops and super markets etc. At least with in walking distance!
On what side, of the Torrevieja city, do you recommend? North, South of the city?
There is two Spain! My advice is to look in to the north ! Basque, Asturias, Galicia, the more beautiful , develop and more authentic!
The South was old fashioned, boring and uncultured. I couldn't find a train, bus, 3D cinema, museum, art gallery, nothing!
South of France has gorgeous rentals cheaper on air b&b. I would recommend Toulon all day long. If you have a spare half a million you could buy there lol
💖 From Cracov
Cheers...
Unfortunately, based on what I’ve seen of problems expats have had when buying property in Spain, along with my plan to live in Spain part of the year, I’d be hesitant to purchase real estate in Spain. Likewise, buying real estate in the Philippines also has major drawbacks and discriminatory laws against foreigners buying land which I hope will be resolved someday. Literally millions of Filipinos in the U.S. own both land and homes here. Why can’t Americans do likewise in the Philippines? It seems very unfair.
It is unfair and in all honesty nearly all Asian countries seem to be of the same mindset. Its protectionism at the same time having a cake and eat it. Spanish property can be a bit of a minefield and there may be another economic collapse on the horizon. Along with the fact if you do an estimation of rental costs V deposit and property cost you may find like Denise could rent 25 years with the same money. But could do like I do which is invest it instead of throwing 10% - 30% into a deposit plus 10% tax plus 5% fees you could end up better off not buying.
You are not allowed to own a business in the Phillipines unless you are a local, does the same go for property? Every documentary I have seen has shown dirty old men going there to buy women for the night for a few hundred baht, think the ladyboys were cheaper.
@@mrsbee5056 Get your countries right, you inbred fool! The idiot doesn't know the difference between Philippines and Thailand! Illiterate!
@@mrsbee5056 idiot
@@ml_g yes. Rough and stupid
Hello, just tried to email and sending failed due to your email configuration? Any other way to get hold of you :)
matt2wilkie@gmail.com
What you are saying about housing developments - houses with freeway access but no community infrastructure - pubs, restaurants, food markets, small shops - that is the nightmare dystopian America which was built after WWII. The cities were abandoned, people were induced to move to those suburbs where they are utterly dependent on a car for every need, from buying a loaf of bread to taking the kids to school.
I lived most of my adult life in New York City, where everything is accessible within a few blocks of your apartment - and public transportation is the rule. NY has major drawbacks, living cost being the first, but at least one isn't isolated.
I am now considering moving to the Coimbra district in Portugal. Hoping to find a SMALL but functional house with garden, so I have outdoor space, but not too far from towns and a small city with diverse cultural amenities.
I am the same not a fan of these towns with no infrastructure, jobs and shops. They have become reliant on cars like you say but also they often lack community especially if there are large clusters of holiday rentals empty most of the year.
Yes my dad said Spain was just like America in the 1950s. Only a few hundred years to catch up then, they still have VHS
NY, the city of Filth
@@mrsbee5056 more idiot talk again
where should we buy countryside or coastal area? rental wise
Depends what you want to do and if you have children. As the rural areas are nice but work can be scarce and getting a good school could be a problem.
Rental wise..
It's obvious..
What is the best place to find a 1BR apartment for investment (i.e. to rent it)
I would look at AirBnB to get rental rates then cross reference them with cost of purchase. Alahambra seems busy all year round which may be a better bet than where I am. As they keep building more houses on the coast.
1589
what’s the best sale agent to look at for houses in alicante?
Website wise I would look at idealista.
Alicante Spain tysm x
Can youmshare your thoughts about murcia? They have many urbanization there but some are ghost towns,i am looking for a olace nit fir rental but just a holiday home for personal,use,,,,somewhere quite,nice video,,,👍🏻
Murcia we have spent a bit of time in, but not too much. Will visit again soon and do more in the location. Have heard its a nice place to live.
Thank you fpr ur reply. We were looking at properties there but not for renting, just fpr personal use...keep up the videos...its very informative
Lived in La Manga, nice resort, but in my 40's was too young to be a resident there I think. La Manga strip is a ghost town outside of hi and mid season, but pretty cheap to live there. Murcia seems much poorer than Alicante and other provinces. Other than that I saw a lot of ghost towns as well, Polaris etc.. I don't think Corvera airport will actually open as well.
we nearly made a big mistake buying in camposol, murcia we went on an inspection trip,this year, if your not a brit your fucked camposol is 95% brits and they are horrible backstabbing people i got the proof, it looks nice 15 minutes away from puerto de mazzaron which is much nicer, but camposol is hell,
Villamartin has everything and has life all year round, La Zenia Boulevard close by, beaches a couple of miles away and maybe 60 bars and restaurants within a ten minute stroll from my property.
not to mention having three world class golf courses although i don't play.
Yes, just a short ride away. One of my cousins lives there.
I found Villamartin boring unless you want to sit about, eat and booze all day. Its a retirement haven. But don't have a heart attack with all that fried English cr*p, the nearest hospital is i Huercal Overa, 1 hr and 40 minute drive to you then same back to hospital, if you can pay.
@@mrsbee5056 can't u stop foul rough talk
would u say buying in Denia is a good place to buy?
Danny Rodriguez b
Danny Rodriguez did you buy in Denia?
Danny Rodriguez grasyas
My advice, dont buy. Just go out and rent. Its a minefield, and you will lose money
I agree better to rent first and get a feel for the place. Very easy to buy difficult to sell when they still keep building.
It is the same in Cyprus a mine field and all the odds are stacked against you they live in the European union but have total disregard for anything European Talk about Racist sexist anti british they have it all and very quick to swallow all your money while smiling in your face You also have to watch the British expats as well most are skint and will do anything to extract you from your holiday money short changing is the main occupation so leave Cyprus alone cos you will loose your hard earned cash
100% agree Bob. In fact, there is so much daylight robbery going on by the Brits, you could put down rent for a week, promise to pay the rest and bugger off without paying it. Unless you fleeced a Spaniard the guardia wouldn't give a hoot
With a typical 12% expenses/costs premium you need a 12% rise in property price to break even.
So €200,000 purchase price means €24,000 immediate loss.
Use some of that to rent for a while. You will be glad you did.
Either you will change your mind or find a better deal in a place that's right for you.
How far is la siesta to la mata ?
10 minutes.
Many houses build in flood area and earthquake sensitive. Buy and lose your money
like which area is with eartquiqs?
Good job :)
we are looking to b uy a bed and breakfast..with our accommodation too..
I would take a look around different areas and see which is best for the type of business you want to run. May also be worth talking to people running the same type of business as well to see how things are. It does seem to be getting busier here compared to last year mind. Several new restaurants opened.
Alicante Spain
What do you think of Martos.
A Marie it’s so so
واش عمي مصطفى ڨلبت العقليا
I emailed you matt,but you bever replued since november,I was just going to ask your help to find me a house to buy
Check your spam folder you got another email today which will be the 3rd I have sent you.
Lmao buy in Tarragona it's cheap cheap cheap very few english 7000sq meters with a small building 20000 euros last week my naibours place 60000 euros electric water to much land no poll tax no water in or out bills best thing i ever done for you family ....oh and I can grow as much as I need sun sun sun