Weblog
Cost of living in Spain Estimate from kyeroMonday, March 10 2008
The results of our Cost of Living in Spain survey are in. On average, a couple can live on € 644 per month in addition to any rent or mortgage payments. Taken from a wide range of locations in Spain and calculating average (median) monthly figures, visitors responding to the Kyero.com survey gave the following figures: One-off Charges Gas Bottle Deposit € 25 Telephone Installation € 107 ADSL Installation € 50 Satellite TV Installation € 500 One-off Total € 682 Monthly Charges Buildings Insurance € 17 Contents Insurance € 8 Council Tax € 20 Community Fees € 20 Administrative Fees…
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The Menace of Inflation: what are safe investments Sunday, February 10 2008
More news on inflation and its potential impact on the US economy and the impacts this may have on the Costa del Sol's housing market. I just read a really good article on future scenarios that may play out in the US economy and the whether we are in for an inflationary or deflationary period. The article puts strong emphasis on the inflationary outcome: as "For a sufficiently motivated government, inflation breaks deflation. Always and without exception, period, end of debate". It points to the US governments continual efforts to print money "out of nothing" and redistribute this money as…
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Why inflation is great for property owners.Saturday, June 24 2006
You can’t open a financial paper these last weeks without being confronted with the word ‘Inflation’; it is the talk of the day and it is responsible for rising interest rates which make our mortgages more expensive. Now, there is a big difference between the causes and the consequences of inflation, something that confuses a lot of people. Rising prices for goods and services are the consequences of inflation not the cause. The cause of inflation is monetary easing mainly in the form of credit expansion. The money supply statistics which can be found in the Economist, show us that…
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Building a Villa on Flamingos Golf (1)Thursday, June 22 2006
Since the 23 of June 2005, Fincalena has been doing the building coordination for this rather exceptional villa and on this blog we would like to comment about the project, i.e. all the steps involved in building a villa in Spain, the things you have to look out for, a general guide for prices etc. The goal is to give the interested reader a good view on the challenges that one has to face when he decides to build a house in Spain. The client of this particular villa hired us on the basis of our small and specialized…
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Now is a great time to invest in PropertySunday, May 21 2006
Few people who have bought property in the last three years have made a return on their investment that was high enough to justify the risk that they undertook. This has decreased the popularity of buying property as an investment and it has especially hurt the off-plan purchases of still to be built units. Most of us know that people tend to move in herds, and they all intend to invest in the same assets at the same time. We also know that superior returns on investment can only be realised if you are willing to go against the general…
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Will Strong Demand For Costa Del Sol Property Continue?Tuesday, April 25 2006
The Costa del Sol is an international market affected by factors that are different to the provincial markets in a local town or city in your home country. Demand here was triggered by the desire for a property in the sun by the millions of people due to retire over the coming thirty years. The local market is not entirely dependent on the state of the national or local economy but on the economies of many countries throughout Europe, Russia and the Middle East. Despite the many factors that adversely affect the property market here over the coming years, strong…
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Why Fincalena Portfolio Should Be Part Of Your Investment PortfolioTuesday, April 25 2006
"A good investment is buying a property at a price that underestimates its real value or the return it will generate in the future." Even if you are looking for a holiday or retirement home, you should treat this potential acquisition as an investment and an integral part of your overall portfolio. Every investment portfolio should be intelligently diversified in order to present a good balance between risk and return. We exclude bonds or putting money into a savings account as viable options for investment because of their low actual return. In our opinion the ideal investment portfolio is a…
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How Fincalena Will Help You Locate The Best PropertyTuesday, April 25 2006
Over the last ten years the Costa del Sol real estate sector has experienced tremendous growth. Spain's southern coastline was the first tourist destination to boom from the drive for overseas holiday home investment from Northern Europe and the Costa del Sol has the longest and steadiest history of price increases in the region. Real estate speculation, sales techniques and marketing were the major driving force that helped create the booming market for Costa del Sol property and the rapid increase in prices throughout the late 90's and the first three years of 2000. Spain's construction sector grew significantly through…
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