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Date Published: 14/12/2021

ARCHIVED - Home sales in Spain back to 2007 levels

The experts believe that another property bubble in Spain is unlikely

<span style='color:#780948'>ARCHIVED</span> - Home sales in Spain back to 2007 levels

The property market in Spain has been recovering at a more rapid rate than any other sector, with 46,242 sales completed in October alone, the highest number since 2007, right before the first property bubble burst. Prices have risen by more than 4% and the mortgage market has now returned to 2011 levels.

It is important to note that the figures have changed dramatically over the last 14 years. In October of 2007, more than 58,500 transactions were closed while this year, only 46,242 house sales were recorded. These unprecedented numbers hadn’t been witnessed again until now, but the property market began to decline in 2008 before crashing completely in 2013.

According to Spain’s National Institute of Statistics (INE), the sector has experienced year-on-year increases of more than 20% for eight consecutive months, with new house sales growing by 21.6% in October to 9,344 and resales jumping up by 22.4% to 36,898.

Only the Basque Country and Asturias experienced a decrease in the housing market while the most notable increases were observed last month in the Balearic Islands (+57.7%), Cantabria (+41.2%), La Rioja (+41.1%) and the Valencian Community (32.7%).

Those in the real estate industry are not unduly worried however, and believe that another property crash is unlikely even though the barrier of 45,000 purchases has already been exceeded seven times this year.

Regarding house sales in October, the director of studies at Fotocasa, María Matos, has explained that “this figure shows a moderation compared to recent months, since the trend has been going upward since April. The most important thing is that prices are not growing at the same rate and are being contained.”

In addition, there is far less liquidity in the banks than there was before the property bubble burst, and financing isn’t as readily available as it once was. Back in 2007, mortgages tended to be granted at around 150% of the value of the property whereas now, the figure is at 70%, and so "the current situation is not the same as it was 14 years ago."

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Quality Homes Costa Cálida, fixed selling fees for properties in Condado de Alhama and the Region of Murcia

Quality Homes Costa Cálida, a real estate agency based in the resort of Condado de Alhama and offering its services throughout the Region of Murcia, has introduced an attractive fixed fee package for those looking to sell their homes in the sun, an option which could help you to sell more quickly by eliminating the large agency fee from the total price offered to buyers.

Quality Homes Costa Cálida Throughout what has been a turbulent start to the millennium in the Region of Murcia property market it has been the norm for estate agents to charge agents a percentage of the sale price in commission, sometimes inflating the price paid by purchasers by as much as 10 per cent. This has not only distorted market prices, but has also made properties less attractive to buyers, slowing down the selling process.

Now, though, Quality Homes Costa Cálida at Condado de Alhama Golf Resort are offering an up-to-date selling scheme which they believe will meet the needs of property owners not only on Condado de Alhama but also in other parts of Murcia. They are convinced that fixed fee selling will make the market – and agents’ commissions – more transparent and will bring a higher return to customers, as sellers get more out of their sale and buyers pay less for their dream home in Spain.

For many years vendors have been asking themselves: “Couldn’t I do this myself for a lot less?” Well, Quality Homes Costa Cálida believe that the answer is: “YES, you can”.

Quality Homes Costa Cálida Sure, you might need help in getting the right photos, writing the descriptions and getting on top of the legal and tax side of things. And yes, maybe some home staging advice wouldn’t go amiss.

But they believe that you know how to treat possible buyers, reply to an enquiry, organize viewings, arrange an open house event and spread the word to friends and neighbours, so while offering help with photography, write-ups and legal and tax advice, Quality Homes Costa Cálida have put together a 3-tier service to satisfy all levels of selling support on a fixed fee basis.

Quality Homes Costa Cálida The lowest level 6-month package comes in at just 699 euros – VAT included – and that includes a professional market valuation, professional photographs, descriptions in English, Spanish, Dutch and German, home staging suggestions, a for sale board on the property, display in the office windows, inclusion in printed and online newsletters, advertising on 35 international portals, displays on Rightmove Overseas, Zoopla, Primelocation and others, email and call inquiry forwarding and a dedicated social media campaign.

And if you think that’s great value, even the most expensive package is pitched at under 1,500 euros, including all of the above plus a host of other services including a client filter, liaison with keyholders, a multilingual reception platform, arrangements for viewings, price and terms negotiations, mortgage and legal advice, the drawing up of a sales contract, full documentation support for completion, the change of utilities contracts and a virtual tour for online viewing.

Quality Homes Costa Cálida All aspects are catered for by a team with over 20 years of experience in selling properties in the Region of Murcia, and there are no hidden extras: pay a lot less up front and you are then in full control of the process from start to finish.

So give at a thought: by means of a fixed fee when selling your property in the Costa Cálida you can walk away with more as you pay less to agents: get in touch with Quality Homes Costa Cálida and get started today!

Note: Quality Homes Costa Cálida are specialists in Condado de Alhama, but also list properties all over central and coastal areas of the Region of Murcia – and their fixed fee is available to all vendors, whatever the location.

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