Tips before renting
Written by Contact Us

Before renting a home, keep these tips in mind

If you do not want to have problems when renting a home, you are interested in this post. Tips before renting, whether you are an owner or a tenant. All with the objective of having a good coexistence and avoiding problems during the rental.

Rental contract with all the key points: duration, amount of rent, formula for annual increases, who pays what ...

Do not pay anything before signing. Any amount must be paid after signing a pre-contract or at least one receipt.

Housing review. Another important point for the tenant is to check carefully how the house is, yes everything works. Not paying attention to this type of detail can cause us a problem afterwards.

Check the tenant's solvency. The landlord must also ensure the tenant solvency. The time is before signing, because then the defaults arrive.

Inventory. Avoid problems when leaving. And more, if it is furnished. This also helps the owner to see what is delivered, once the contract ends.

These and other points of interest you have in our post on the Fotocasa Blog. Know your rights and obligations, whether you are a tenant or landlord, and errors will be avoided and living together will be better.

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free housing
Written by Contact Us

Free housing, cheaper than the VPO?

Although it seems incredible, there are Spanish cities where free housing is still cheaper than the VPO. This occurs in nine provinces, and it is because in the crisis the price of housing fell significantly and has not yet recovered. But, they are exceptions.

In this graph of Trincado Bethlehem / Five Days, with data from the Ministry of Development, you can see what the situation is.

The affected areas are marked by low demand. This causes that the protected housing, thought to facilitate the access to the property to families with less resources, is in practice more expensive than the free one. However, en The whole country, the price of the protected is 32% below the average.

Although in other much more dynamic markets prices rebound strongly, these “depressed provinces, which expel population and where there is still a banking product, make prices very low and complicated to evolve above those of the protected ”, Details the CEO of Contact Us, Luis Corral. Remember, however, that this situation came about in many parts of the country.

Likewise, the experts consulted in the report agree that the prices of the VPO have not been updated for nearly a decade. Another reason.

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residential market
Written by Contact Us

Situation and trend of the residential market

Carlos Smerdou, CEO of Foro Consultores, tells us what is the situation and trend of the residential market.

The latest housing market data show a tendency towards moderation of sales and prices. What happened in August (transactions down) is a timely fact, due to the entry into force of the Mortgage law It has slowed the market and delayed transactions. Without forgetting the economic and political uncertainty. That together with news or bad omens coming from some agencies that are not helping the market.

Anyway, there is a point that is good to keep in mind when analyzing data. There are sales on new housing plans that are not accounted for in official statistics until the deed is reached, but they are sold. And in the coming months they will see each other.

The market must go towards normalization, the fluctuations are not good

This is coupled with political uncertainty that does not help. We believe that in the coming months it will return to normal, although it is clear that the market is normalizing, without disproportionate increases. And even some prices in certain areas / promotions will suffer some correction, since the demand does not accept them.

But, moreover, I dare to say that, after these months, and with less political uncertainty, there will be more joy in the housing market again in the spring. But always talking about standardization Which is where we should go. The swings are not good.

These are them reflections of Carlos Smerdou for idealist News, but if you want to know what other experts in the sector say, do not miss the article of Dove Martinez-Almeida.

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Brexit and housing
Written by Contact Us

Brexit and housing, the great unknown

There are barely a few weeks left to know if the United Kingdom leaves Europe without agreement. The relationship between Brexit and housing will be one of the unknowns. Foreign demand would be the first consequence.

En flats.com, Teresa Álvarez He has analyzed the situation we face with the help of industry experts. A Hard brexit It would mark the evolution of purchase in the real estate market by the foreign buyer in Spain.

To Luis Corral, CEO of Contact Us leaving the UK without agreement it would produce a devaluation of the pound against the euro "and, therefore, the rising price of housing for the British buyer." Anyway, Corral is still optimistic and hopes that the release is not so abrupt.

What would be the most affected areas? The Valencian community, especially the province of Alicante and the Costa del Sol, since they are the areas that have the largest colony of Britons in Spain.

Before a devalued pound, housing would be more expensive

And, given a devalued pound, the houses would be more expensive and with the same budget, the buyer should face the purchase of a smaller house. Or not buy.

Anyway, Luis Corral, believes that, although the demand of the British drops a little, there are buyers of other nationalities and also Spaniards who support the market in those areas.

But, the experts consulted do not dare to predict what will happen next October 31, how it will be out, and if it will be with or without agreement.

The complete information you have in the report of Floors.

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Main Image: @crdeprada

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Valdebebas
Written by Contact Us

Valdebebas, the main market floor

The real estate course starts strongly. The price of land pulls the market in Madrid. The operations follow one another and Valdebebas is one of the areas of interest, where there is also little land available for housing. Soil commercial It is also active.

In fact, in recent months several relevant transactions have been closed in terms of price. According to information from El Confidencial, Acciona has bought from the Celteo Business company, a plot of 31.700 square meters - 26.018 square meters for residential and 5.755 for commercial. And has paid 2.000 euros per square meter, double what was paid five years ago.

"It is an area that is already consolidated, at the residential level, and there is very little land available," he says Luis Corral, CEO of Contact Us. There are currently 11 promotions underway -Inbisa, Amenabar, Ibosa, Gestilar, Real Estate Space ...- which add 857 homes, of which almost half are sold.

House prices range between 450.000 and 650.000 euros (depending on the size of the house), with average square meter prices between 3.800 and 3.700 euros.

Only 18 of the 141 plots of the scope are pending development, just over 10% of the total. "We estimate that there is between 7% and 10% of buildable square meters in free housing, to which the land owned by the town hall and protected housing should be added," said from Foro Consultores.

The price of the square meter is between 3.700 and 3.800 euros.

For Luis Corral, Valdebebas is a special area. «Two submarkets have been configured. On the one hand, the replacement product thought for a client that comes from Las Tablas, Sanchinarro or Montecarmelo, You are looking for bigger houses. And on the other, the first home, with fewer square meters ».

You can see all the information in this area in the article by Elena Sanz in El Confidencial

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Energy Efficiency
Written by Contact Us

How to evaluate the energy efficiency of your new home?

When you want to sell or rent your home, it is mandatory to have an energy certificate. An official document that collects the energy characteristics of a property and evaluates from thermal insulation, heating, air conditioning, etc. That is, everything that spends energy. We tell you how to evaluate the energy efficiency in your home.

The document, which can only be issued by a properly accredited technician, establishes several categories, being the Category A the highest, which implies the highest energy efficiency. A home in this category has much more value than the lower categories.

That is why, always when issuing the certificate, you will be told how you can implement your home to make it more efficient. Of course, by making the corresponding changes, you could request it again to accredit your new category.


How can I save on the bill?

A efficient housing It is not only good for the planet but also for the tenant or owner's pocket, who can see how energy is harnessed much more. However, although consumption is lower than in households that are not efficient, it is also important, if we want to save, that we have an energy rate that suits our needs.

To do this, it is convenient to take a look at the offers of all energy companies; One of them is Endesa, which has electricity and gas contracts. Endesa is also one of the main marketers in Spain and is currently in both the free and regulated markets. To discover all the information you need about Endesa, you can take a look at this article: https://www.tarifasenergia.com/endesa/.

In the event that you are interested in any electricity or gas tariff of said marketer, you should contact the Endesa customer service department through its toll free number, online or at any of Endesa's service points for face-to-face customer service. With the service of Endesa customer service you can hire the rates but also register the light or gas, change the power, etc.


How is an efficient house?

Highly efficient homes have the following characteristics. Take note so you can increase your energy category!

  • One of the points by which the energy is more strained are the windows. Therefore, it should be replaced by PVC with thermal break or aluminum break. In this way, the heating will not escape through the window in winter or let the heat out in summer.
  • Change your appliances for a category A; if possible, from the A ++++. These equipments guarantee a super energetic efficiency; they are much more expensive, of course, than those of lower categories; However, its greater durability is well proven and, in addition, the extra cost is easily amortized with the energy expenditure you are going to save. Especially it shows in the washing machine and the air conditioning!
  • Do not set the air conditioning or heating too high. The ideal temperature for heating and air conditioning is 21 degrees.

So what are you waiting for to get your certificate? You can find more information here.

Information provided by PaperNest

Euribor
Written by Contact Us

Euribor, purchase prices, rental market ...

The next months will be important for the real estate market. The economic situation and political uncertainty will set the agenda. The newspaper La Razón has analyzed in detail the situation of the sector. The keys to the real estate market: euribor, prices ...

Experts from the sector, including Carlos SmerdouCEO Contact UsThey have dealt with the following topics: How is the housing sales market, the trend of interest rates with the Euribor as the axis, in addition to the mortgage demand. Not forgetting the rental segment. What about supply and demand. Youth and housing or the effects of the Mortgage Law.

All these keys are in the theme of the week.

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Purchase of flat housing
Written by Contact Us

Flat housing, a purchase guaranteed by law

Buying Housing on flat It has been questioned. However, it is an option that is fully regulated. Contracts of sale on plan have the maximum legal guarantees for the consumer. All amounts delivered, without exception, are guaranteed by guarantee or surety policy, as set out in the Building Planning Law (LOE).

The Association of Builders Promoters of Spain (APCE Spain) has stepped out. Rejects the document prepared by the OCU on the purchase of flat housing. It considers that each and every one of the points mentioned as risks do not obey the usual practices of a highly professional sector.

In addition, the requirements that these types of sales contracts (flat housing) must meet are one of the most guaranteed legal documents in favor of the consumer / client of Spanish legislation.

Guaranteed amounts

Likewise, APCEspaña wants to emphasize that the return of all the amounts that are delivered on account of the purchase price, before the delivery of the home, plus legal interests, must be guaranteed. It can be done through a surety insurance contract signed with insurance companies, duly authorized to operate in Spain, or through a joint guarantee issued by duly authorized credit entities.

It is also important to note that the sale of a new home has guarantees established in the Civil Code and the LOE. They are covered by the developer and insurance companies:

  • For finishing defects, one year
  • For habitability, three years
  • For structural defects, ten years

On the other hand, the promoter may only receive the amounts anticipated by the acquirers through credit institutions. They will have deposit in a special account, with the separation of any other kind of funds belonging to the promoter, including the assumption of communities of owners or cooperative society, and which may only be available for the care derived from the construction of housing.

Advantages for the buyer

As APCE emphasizes, the sale of new housing implies a series of advantages for the consumer. For example, to facilitate the deferred payment of the price of the house and the personalization of the houses adapting to the needs of the buyer. It also entails an improvement in the quality requirements of the homes prior to the entry into force of the CTE (Technical Building Code). These requirements focus on the habitability, accessibility and efficiency of the homes. This increases the quality of life of users and saves up to 80% in the energy bill.

Given the interest, we reproduce the Press Release of the Association of Construction Promoters of Spain (APCE Spain).

In addition, in the following post, We leave you some of the steps you should follow in the purchase on plan.

Are you looking for housing?
Written by Vicente Manrique

Are you looking for housing? Or does it look for you?

Are you looking for housing? How to choose the type of house that best suits you ?, What do you need? After many laps: do I rent or buy? In the end, you have opted to invest in the brick. Something you will appreciate throughout your life.

After my experience as a real estate consultant, there are “three clues or concepts”, which I give to my clients to help them make such a difficult decision:

1º.- AREA. It is the most important part when buying your future home. You must know where you want to live. If we talk about a city, surely you value the proximity to your job and mobility in public transport: metro, bus. But if you prefer to give more prominence to a life without pollution, although further from work, you will opt for a town or municipality on the outskirts of the capital. The value of the square meter will also depend on the area in which you wish to live.

Remember that to the price of the house you must add the taxes

2º.- The price. Evidently. The calculations that you must perform to access your home should be with the greatest common sense possible. We should never borrow more than 30% of our monthly income. The promoters are going to ask us for at least 20% of floor value savings, without taxes. The 80% can be financed with a banking entity, but we will have to have saved, upon delivery of keys, the corresponding tax (VAT in new construction and ITP in second hand). Some entities lend 100% of the value of the home, if they are yours, to facilitate the exit of your bag of real estate assets. In these cases we must also have the Property Transfer Tax, which will differ according to the autonomous community where we buy the home.

We should not borrow above 30% of our monthly income.

3º.- TYPE AND DISTRIBUTION. The key to choosing the type of home is to ask the following question: what do I really need? In fact, it is not the same a single that a person with family, or that you are going to live with your partner ... If you work at home, you will need an additional space. Likewise, if someone works at home (babysister, domestic service, etc.). Then there is the place of recreation: a large terrace in an attic or garden on the ground floor, if you choose any of these options, your budget must necessarily rise.


What do I really need? It is one of the key questions

Here we stop to know the type of housing that the real estate market offers us. Fundamentally there are two, single-family and multi-family. The first are buildings where a family lives and the second where several families live, it's that simple.

The single-family homes:

  • Isolated housing. It is a single-family home that is independent, may or may not border on other homes. They generally have some land or plot around.
  • Semi-detached house. Although from the outside it looks like a single house there are actually two and usually also have some plot.
  • Terraced house. They are usually rows of houses with some plot, which share common elements such as gardens, pool or garage.

Usually, there is talk of an isolated, semi-detached or semi-detached house or bungalow.

And the multi-family:

  • Flat. These are homes that usually have more than one bedroom in buildings with common areas or services.
  • Vacation Apartment. They are usually houses with only one room, although independent of the rest of the house.
  • Study. In a studio the kitchen, the living room and the bedroom are in the same room and can be of different sizes, although the usual thing is that they are small houses.
  • Duplex. These are homes that have two floors connected by a staircase.
  • Penthouse. They are the last floors of the buildings and they stand out for having a privilege that many of us want: the terrace.
  • Ground floor with garden. They are floors located on the ground floors of buildings that have a private garden.
  • Loft. It is a large space with few divisions, large windows and very bright.
  • Attic. Highest part of a house, immediately to the roof, which generally has a sloping roof; It is used as housing and / or room.

Now you are ready to face a smart purchase. Luck!!!

Main Image: Residential Four Way Gardens in Madrid

Article prepared by Vicente Manrique, real estate advisor in Contact Us

real estate market challenges
Written by Contact Us

The challenges of the real estate market

Summer is over and a new course begins. We have to deal with some problems with which the housing market will be. But what are these real estate market challenges for the coming months?

What happens to the ground? Its price is one of the big problems because it affects the final cost of a house. The solution is clear: more land, more housing and more affordable prices (both for sale and for rent), thinking especially about young people.

High prices in some areas.- We continue in a Spain at two speeds. In major cities with greater demand there has been a significant increase in prices. This leads us to many interested parties stay out of the market. Meanwhile, there are areas where they have not climbed because there are no plaintiffs.

Land and construction costs do not help moderate the final price of housing

Excessive construction price.- This is a point that has created an unexpected problem for many. After years of crisis, construction costs have skyrocketed. A sector that was undercapitalized and met many requests. Moment they have taken advantage of with price increases.

And the demand.- The buyer depends on the objective economic situation and their expectations: employment, job prospects, confidence in the economy. The political situation and the new elections do not help either.

You can read all these keys broken down in an opinion piece of Luis CorralCEO Contact Us.

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Back to the 'cole': four inconveniences that the housing market must face

luis-corral-ceo-forum-consultants
Luis Corral

Likewise, we leave you a link to another article of Carlos SmerdouCEO Contact Us, written a few months before, which already affected some issues that affect the market.

The time comes for moderation in the real estate market

carlos-smerdou-forum-consultants
Carlos Smerdou

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