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Real Estate

Corvera Airport opens to passenger air traffic in December 2018

The long anticipated opening of the international airport at Corvera, Murcia is due to open to passenger air traffic in December 2018. It’s already possible to book flights to Corvera Airport from Leeds-Bradford and Manchester Airports, via Jet2.

Corvera Airport has been designated with the code RMU

The airport at San Javier, Murcia (MJV) will close to civilian air traffic and revert to being a military airport.

What does this mean for the local property market? The increased capacity is likely bring more people to the area and

We expect this will increase

The airport is relatively close to a number of Golf resorts in the murcia Area.

Proximity to an international airport is known to affect property prices. Generally speaking

The new airport is likely to pull passengers from Alicante Airport

We spoke to local property expert, XXXXX, director of XXXXX and ask him what he expected

Location

Corvera Airport is located between the towns of Corvera and Balsapintada.

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Buying Properties Location Price Real Estate

Reciprocal Residency Rights

It is in the mutual interest of the UK and Spain to establish

 

 

http://www.telegraph.co.uk/news/2016/11/22/british-expats-set-granted-right-carry-living-eu-theresa-mays/

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Property Real Estate

Collaborating agents

Collaboration between estate agents in Spain is increasingly common.

There exist a number of real estate collaboration networks that facilitate collaboration between estate agents.

There are essentially two parts to an Estate Agent’s job:

  1. Listing a property for sale
  2. Finding a buyer

Many agents now collaborate recognising that doing so has effects a net increase in the number of transactions.

This benefits everyone. A seller has access to more buyers. Buyers have access to more properties. Agents who work together sell more properties.

 

 

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Buying Properties Location Price Real Estate

Negotiating the price

Negotiating the price of a property may be a daunting prospect for the prospective buyer, but taking on board a few tips should make you better prepared and could save you a considerable sum.

Many vendors build in a margin for negotiation when putting their spanish property on sale, since they expect to have to accept an offer below the asking price.

It’s

The agent may know what the vendor will accept, perhaps based on previous

It’s quite typical for example

A 5% discount on the asking price is quite common. The amount that can be negotiated depends on many factors.

  • Needs of the seller. Do they need a quick sale ?
  • Competition in the market place. How much are similar properties going for ?

Let’s say a property is listed for sale at 100,000€.  It would be quite typical for a first offer to be around 90,000€. The vendor and buyer might settle on a final price of 95,000€

How much commission does the agent have on the property ? You may

It’s not just the price offered which determines the strength of an offer.

  • Is the buyer willing to pay a deposit straight away?
  • Is the buyer ready to proceed?
  • Does the buyer need a mortgage ?
  • Has the buyer already instructed a lawyer and have their NIE number.

It is rare in the current market for a property to make the full asking price.

Are their other interested parties ?

It does happen that prospective purchasers are told that their is another interested party and that if they don’t move quickly they will lose the property. The prospective purchasers

Are their other offers on the table?

If the agent tells you that they already

Take your time. If you rush to increase on your initial offer then

The agent might state that the vendor previously decline an offer equal to or inexcess of your offer.

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Buying Properties Location Price Real Estate

How to present a property

Presenting a property correctly can vastly improve your chances of achieveing a sale

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