Real Estate Agencies in Guardamar del Segura Alicante Found 2 Properties

Real Estate Agencies in Guardamar del Segura Alicante

5 things that determine the value of a property

Sometimes the foreign buyer does not understand the price differences between some properties and others. This article explains some factors affecting the cost of a house.

The economic and financial crisis in Spain has caused a substantial reduction in housing prices. If there is a good time to buy property here, it is certainly present. However, the fact that prices have dropped does not mean that all properties have similar prices. There are objective factors that determine the value of a property.

Some of them include:

1. New construction.

The new buildings will have more value than the second hand for obvious reasons. In addition, now in Spain urbanistic promotions have great quality in its materials so you'll have to take into account criteria such as energy efficiency and the finishing.

2. The time of sale.

When the real estate market heats up on a given area this can condition a homeowner to sell their property because of the its profit.

Therefore, at the present time, if an area has experienced an increase in the sale of properties, it is understandable that prices have also risen compared to a few years ago.

3. Valuation.

Although the valuation is mandatory to acquire a mortgage, having a specialist analysis of the terrain also helps clearing the unknown and give you a real value of the house or apartment you'd like to buy. The appraised value will always give a good reference.

4. Insurance.

The location and characteristics of a property insurance may condition you have to pay for housing. Hence these should be more limited to the actual features of the property.

5. Overvaluation.

Overvalue a home often lose interest to potential buyers and, in turn, extends the sale of the home for longer, causing it to lose value. In this regard, many sellers in Spain still cling to the idea of selling their properties to a close after its acquisition price.

The situation, however, has changed, and the value of these properties is usually much less than when they were acquired, although in some cases it was not so long ago. In such situations, there is usually a great room for negotiation.

Naranja Spain, your real estate in Guardamar del Segura.

In Naranja Spain we specialize in selling all types of homes in the area of Guardamar del Segura. We operate in places like Torrevieja, Orihuela Costa, La Mata, Algorfa and many other areas of the Costa Blanca.

Thanks to our team of multilingual agents, will attend in Spanish, English, Polish, Swedish, Russian, and eventually form in German and French. Our mission is to make everything much easier for you. To do this we conducted a detailed monitoring of the sales process at all stages.

Check out the catalogue of homes of our website. If you see something that catches your eye, do not hesitate to contact us.