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The general feeling is that most British buyers are waiting for sterling to recover to particular ´trigger´ rates such as 1.15 and in particular 1.20
In fact, the last 2 weeks has seen a surge of UK enquiries for property in Spain after sterling rallied over 5% to hit the first of these magical triggers.
But let´s look at this situation from the other side. As we previously mentioned, most of the Spanish properties for sale in the key hotspots of the Costa del Sol and Costa Blanca are owned by British vendors, and during the demise of sterling in the last 12 months, they have been able to lower their asking prices considerably, and in some cases accept incredibly low offers, precisely because of sterling´s dire straits. Continue reading »
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Within Spanish property urbanisations, the issue of security is undoubtedly the single biggest bone of contention. Some owners of properties in Spain will be fully in favour of a 24 hour security service, perceiving it to be a valuable benefit for residents´ peace of mind and the reputation of the development, others will only see the benefit of a nightime service, while others will be completely set against having any type of security service whatsoever.
The problem for many owners of Spanish properties is the cost. Think about it. Having 24 hour security effectively means that the owners will be paying the annual salaries of 3 security guards from their community fees.
