I have just found these ten tips on how to help sell your property, written by Nick Snelling, the author of “How to sell your Spanish property in a Crisis”. I have included links below.
1. Treat the selling of your Spanish property with the same seriousness and commitment that you would a job of work
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It looks like the media, in this case the mail are trying to label the Costa del Sol with a new nickname. Previously known as the Costa del Crime, followed by the Costa del Golf, now the Mail is trying for the Costa del Despair. Quite catchy but not as impressive at the Costa da Morte, Coast of death (official name) that is found in the north of Spain.
Properties along Spains Mediterreanan coast (Costa Brava, Costa Dorada, Costa del Azahar, Costa Blanca, Costa Cálida, Costa de Almeria, Costa de Granada, Costa del Sol and Costa de la Luz) are down 11.5% in March 2009 year-on-year. But before anyone complains to me about ‘doom & gloom’, I am actually quite pleased about this information!
It appears that many of the Spanish savings banks, approximately 23 of the 42 ‘cajas’ intend to cooperate in selling the property assets that have been repossessed. Unlike say Santander or BBVA many of these savings banks a regional in nature so combining their assets in this way allows them to benefits from economies of scale, one of the many benefits of co-operatives.
In the current economic climate, which has seen a vast changes in interest rates, high unemployment and a very complex Inheritance Tax Law, I have decided to contact a financial services company. Siddals Spain has recently developed financial services specifically tailored to help people save time, money and combat the negative effect of the “credit crisis”.
According to the economic analysts of Andalucía the current economic recession will continue to affect Andalucía until the 4th quarter of this year with the GDP of Andalucía shrinking by 1.3% in 2009. This is in contrast to 2008 when GDP increase by 1.1% in Andalucía.
In an interesting more Prime Minister José Luis Rodríguez Zapatero is giving Spain’s town halls are to be given a key role in fighting Spain’s economic crisis.
I’ve just been reviewing the BBC website and I found a great article. It starts with the statement “The unemployment rate in Spain hit a 12-year high in 2008 of 3 million, figures show, a further sign of the economic slowdown.”
So unemployment figures show that there are the same amount of unemployed now in Spain as there was in 1996. But what does this mean?
