Category Archives: Property News

Monteros Property Services rebrands as Marbella Properties

Monteros Properties Services specialising in the area of Los Monteros Beach has always been part of Marbella Properties® and is now working under the main brand. In effect, nothing will change, professional services to the Los Monteros Beach area will continue through the Marbella Properties® brand. Please do not hesitate to contact us if you require any further details on the real estate services we offer.

Monteros Property Services rebrands as Marbella Properties®

Property purchase costs – transfer tax reduction

When considering to purchase a property in Spain, it is important to account not only for the purchase price of your dream home also the associated acquisition costs. When buying an existing property (not a new build), the largest cost is the Property Transfer Tax. Since April 2021 (Decree-Law 7/2021) the Andalucian government reduced this tax to a fixed rate of 7%, (previously this Tax ranged from 8% to 10% depending on the property purchase cost). This new fixed rate incentive was due to end 2021.

The good news is that that towards the government declared that this reduced rate would remain in place for the future. Therefore a flat rate of 7% is fixed and applies on second hand housing transactions. Additional to this the government reduced the Stamp Duty from 1.5% to 1.2% on newly build property purchases.

Other costs to keep in mind when buying a home in Southern Spain include legal fees, usually 1% of the property purchase cost, Notary Fees and Land Registry fees. In total budget approximately 10% acquisition costs and then you will not be left caught out when a dream house is in your reach.  

7 Top tips for selling your property on the Costa del Sol

The Real Estate market is a competitive business. If you have a property to sell you need to stand out from the crowd. First impressions count, and creating a wow factor in those early moments is paramount. Whether your buyer is pulling up by the front gate, entering through a front garden or drive way, or walking directly through the front door, those early moments need to spark joy.  Buyers get a feeling as soon as they enter a property, you need your property to omit the good vibe feelings. Here we discuss 7 proven steps to help you achieve it.

Declutter

One of the first visual impacts will be the brightness and the space available. By removing unnecessary pieces of furniture and small decoration you maximize the potential of these aspects: light and space.  Minimalism is popular in interior design and this style can go a long way, it will help your potential buyer envisage living in the property. Cluttered shelves and busy walls can detract the buyers from appreciating the size of the rooms and views. Give each room a clear purpose, if there is a room where you tend to store everything turn it into an office or study. 

Decorating & Fix Up

Walls that are marked and wobbly door handles, leaking taps or dripping toilets. We can get complacent with small imperfections. Those little jobs that you may have been putting off need to get fixed. A fresh lick of paint can help brighten up a room. Make sure all the lights are working – replace light bulbs where necessary. All these details avoids that your buyer is counting what needs to be done around the property. If you have a terrace: keep on top of the weeding. If your property has a garden: be sure that it too is neat and tidy. Fixing small DIY problems can avoid that the buyers conclude that it is a tired or an old property. A property needing  too much work can put  buyers off.

Home Staging

Want a show home effect; well this is what you can achieve with some professional home staging.  Whether it is moving around existing furniture and changing small details to give the property a fresher look. Or setting a workable budget and purchasing  furniture and decoration to update the properties overall feel . A home stager will guide you on up to date trends attractive to buyers.

Spick and Span

When a prospective  buyer walks into your property you want to be sure that there is a freshness in the air, that makes them want to stay. Have regular deep cleans and ventilate the property as best as possible, especially during the winter months. Marble floors can look tried and dull, turn them around with professionally floor  polish company that can bring back the shine. Think about having the upholstery cleaned to give it a new lease of life.

Professional Realtor

Entrusting a professional Real Estate agent is paramount to the success of selling your home. With their knowledge and experience of the local property market your Real Estate agent can guide you on the correct price to market  your property. Real estate agents can provide professional photography and strategically market your property to a local and international market. Furthermore when your Real Estate agent has a viewing at your property they will arrive in advance, open up the property, ensure the best presentation, be informative and ready to answer any questions.

Electrical Appliances

If the boiler is not working well or the electricity trips when you overload the system, it is worth having these issues resolved. These costs might add up, if you can demonstrate to the buyer you just invested in a new appliance it can only add value in the mind of the buyer. You don’t want to sell something that is broken in parts. Having a property that is fully functioning  is as important as how the property looks. Don’t hide any flaws. When you have an interested buyer they would likely come back, or ask their agent,  to revise  that everything is in good working order.

Get the Price Right

If your property is priced too high with comparable properties, you will miss out on property viewings. Property buyers are well researched on the market having access to hundreds of pages of property listings on the web. The price factor can make or break your selling opportunity especially in a seasonal market where buyers are not consistent. Your experienced Property Consultant can guide you best on the current real estate market.

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MarbellaProperties.com is a real estate brand represented by Laurent Coulée who has over a decade of expertise in selling properties in Marbella, Costa del Sol. As your real estate agency Laurent and his team offer a knowledgeable and professional real estate service to buyers and owners alike. Continue reading