"How times change reflects Philips ...", Richardson, realtor in Dalston (East London), devoted many years to sell 'the English sun' in their country. "When my brother bought the house in Menorca was the time of the peseta. In those years, with a small pension you could go there and choose the house they wanted." Next
visit to London by Jose Blanco and his briefcase full of banks and housing developers to provide 'legal safeguards' English floors that may be available and easily shows how it has changed the perception the British, and other European countries, mainland property market.
Despite the crisis, the British continue to opt for the English sun . More than 800,000 of them live in Spain and ranks first among foreign buyers. Even without buying both, the rent seems to be one of the options that is currently running. Therefore, companies such as Margaret Ayling, owner of International Ayling Property Services, specializing in areas of Sotogrande and Gibraltar, including its slogan: "Whether you buy, sell or rent as if no one offers you more."
The greatest fear felt by the British when investing in Spain is that illegal property
But the threat of being left with empty hands at the prospect of getting houses built without a license or a permit that does not conform to current legislation tarnishes trust in English market today.
So legality and formality are the two essential conditions that now come before any hint of negotiation. Everything has to be very organized to suit the tastes of the British. delivery dates and prices can not escape from the agreement. It is therefore not surprising that the greatest fear that the British feel When investing in Spain is the risk of buying an illegal property, after scandals made public on the subject.
New wave, new tastes
Times change and preferences also real estate. "In recent months we have noticed a slight but new wave of Britons wanting to move to live in Spain," says Lesley. "Looking for older homes or simply old, those that need reform. They like to deal with themselves and the decoration style of your future home or business."
Rural hotels in old houses, small hotels, or homes as large as put a 'bed and breakfast' (holet English charm to) make the investment trend of the new British , with the crisis in our country are the best option currently offered by Britain.
In this context and, unlike what happened before the 'crack' property, many English builders and developers begin to turn their attention to the British market. This has meant the beginning of a change of attitude especially in relation to language. Thus, there are few companies that are considering whether to provide sales materials translated for their English customers. Before
euro
"The British have been in love with Spain for many years and is one of the first countries that comes to mind when buying a vacation home or relocate," he insists Lesley McEwan CadizCasa owns a company property that offers the benefits of the Andalusian coast for the English market.
rich life with two drives, and was by then Spain for many foreigners. Things changed with the arrival of Euro
rich life with two drives, and was at that time Spain for many foreigners, of course things changed with the coming of the Euro. The new currency prices shot through the roof and in the blink of an eye, the country drifted into the housing bubble.
"The bubble had to burst sooner or later, and broke out later than we expected," says Margaret Ayling. "The construction grew so exorbitant. The madness was such that even had people (British) who purchased three or four properties to resell having paid only the deposit of purchase. This is undoubtedly the most critical time for crossing the English property market, at least, since 1977, which is when we open our business, "he concludes.
