International Estate Agent Today-Gazumping in Spain
  • Facebook
  • Linkedin
  • youtube
  • instagram

Tel: +44 (0)1932 849536

ieat-2012-homepage-logo

 

The Dangers of Gazumping in Spain

Written by Louise Reynolds of Spanish Property Agency Property Venture®

31st January 2014

An excerpt

'Interest in buying Spanish property has picked up since the turn of the year. One sector of the market is generating a lot of interest, Spanish Bank Repossession properties....but the picture changes weekly, if not daily. When a bank is successful at selling some of its property stock..

The full blog gives all the detail about what was quoted on Gazumping in Spain

Our clients get regular updates on hot deals and the latest changes in the property market. Want these? Go here

Property Venture® is an award-winning, UK-based agency for overseas property who helps people buy investment property and holiday homes in Europe, more easily and safely than they can on their own, because we offer grounded common-sense advice.

The focus is mainly greater Europe: Poland property, UK investments, Spain property, Turkey property, Cyprus property

On the Advisory Board and a Member of the Association of International Property Professionals (AIPP) the business has been vetted, approved and voluntarily commits to Industry Regulation and the Professional Code of Conduct. We are known for our quality customer service and non-pressurised approach to sales. Take a look at what our clients say

Featured or Mentioned in: The Sunday Times, The Times, The Daily Telegraph, Sunday Express, Daily Express, The Mail on Sunday, Daily Mail, The Independent on Sunday, The Independent, Evening Standard-Homes & Property, Homes Magazine, Property Wire, International Estate Agent Today, Property Overseas Today, Overseas Property Professional,HSBC Liquid Magazine, easyJet Magazine, London Homes & Property, A Place in the Sun, Buy Association

 

The dangers of gazumping in Spain

Written by Louise Reynolds

Friday 31st January 2014

By Louise Reynolds, Director of Spanish Property Agency Property Venture.

‘Interest in buying Spanish property has picked up since the turn of the year. One sector of the market is generating a lot of interest, Spanish Bank Repossession properties. It is worth having your wits about you when buying from the banks. A financial services consumer pressure group in Spain concludes that some banks charge a premium for the mortgage finance, associated with property on their books, as it is not always easy for property buyers to compare lending terms on the open market.
 
This might not necessarily be the case for overseas property buyers, as they tend to have higher deposits, or come as cash buyers, meaning banks have less pricing leverage. Having said that it is possible some banks may charge more for the property because a buyer is not taking a mortgage. That flies in the face of common sense in many respects, but the finance is where a bank makes its money.
 
- See more at: http://www.internationaleat.com/news_features/the-dangers-of-gazumping-in-spain#sthash.3bzGvSOz.dpuf

Menu