Buyers Market: More Property Price Reductions Than Ever Before!

One positive result of the current state of the property market is the opportunity for investors and other property buyers to find lower prices. If you have the cash to spend or if you need a mortgage but can afford a 30-40% downpayment, today is definitely the right time to purchase your dream home in the sun!

We at Fuerteventura Property World continue to keep track of reduction in prices in our portfolio of properties.

Check our Best Buys and you will see falling prices at different levels. You too can keep track of these price reductions including the addition of new properties on the market. Just subscribe to our Property Notifications and you will receive alerts straight on your mailbox. You can opt to unsubscribe at any time.

See also:
Do you need a mortgage to purchase your dream home in Fuerteventura?
Property Buyers Market: What does this mean to buyers and sellers?

Corralejo on "A Place in the Sun: Home or Away?"

Watch this space for the schedule of broadcast on Channel 4, featuring 2 properties from Fuerteventura Property World: the best-buy budget one-bed apartments and this top floor apartment with uninterrupted views to the Corralejo harbour!

Featured Property of the Week

This South-facing detached villa for sale is located in La Capellania (formerly Tamaragua) -- just a 4-minute drive to the Corralejo resort in the North of Fuerteventura.

The villa is equipped with a spacious open plan dining area and lounge with TV, DVD Player and a stereo system, a separate fully-fitted kitchen with breakfast bar, 2 good-sized bedrooms with wardrobes, a bathroom, a private carport and an outside utility room with washing machine.

The property also boasts an 8-Seater 48 Jet Jacuzzi, outside shower, outside garden bar, permanently-built barbecue, sun beds and a lush garden of mature trees and plants.

This lovely villa is not overlooked and is ideal as a residential, holiday home or as an investment for the rental market. It is for sale fully furnished for 155,000 Euros only -- the best value property on site!

Check the Fuerteventura Property World website for more information and images.

Season's Greetings To Our Valued Clients & Friends!

These warm greetings are sent to wish you and your family a joyous Christmas and more blessings in the coming year.

Happy Holidays from Fuerteventura Property World!

Image: El Campanario Shopping Centre, Corralejo

Do you need a mortgage to purchase your dream home in sunny Fuerteventura?

We work with an independent mortgage broker who can help you clinch a mortgage with Spanish banks. Contact Fuerteventura Property World for more information.

Fuerteventura Complex and Hotels for Sale

Are you looking to invest and manage your own business that caters to the tourist market in Fuerteventura?

Fuerteventura Property World are proud to offer a selection of fully-functional complex and hotels for sale in Corralejo, El Cotillo and Costa Calma. Prices from 1,890,000 Euros.

Give us a call at +34 928 867 989 for more information.

New Fuerteventura Photo Gallery Now Available!

Enjoy Fuerteventura's sights and attractions, including sports activities, captured on camera! Check our NEW Fuerteventura Photo Gallery.

The Gallery is refreshed regularly so watch the page for future updates.

Abolition of Spanish Wealth Tax

The Spanish wealth tax or "patrimonio" as known in Spain (Impuesto sobre el Patrimonio), has been abolished by Spain’s socialist government.

Spanish Wealth tax is a tax on assets and is applicable to both residents and non residents.

Contact your lawyer or fiscal representative for more information.

Sources: Spanish Property Insight, spanish-taxes.co.uk

Property Buyers Market: What does this mean to buyers and sellers?

The global credit crunch and the mortgage pressure are contributing to the falling demand for property. The oversupply of properties for sale is likewise leading us to a buyer's property markets. So how do buyers take advantage of the situation and what can sellers do to get a good price?

Buyers are advised to shop around. There are bargain properties out there, you just have to do your own research. Check the smaller estate agents as they can afford to be more competitive in their prices, without having to pay so much in overheads. This is especially true in Fuerteventura where properties for sale tend to be listed with more than one estate agent but not necessarily at the same price. Fuerteventura Property World, for example, charges lower commissions hence, their properties for sale are in no doubt, better priced. If you find any to the contrary, contact Fuerteventura Property World and we will do something about it!

Register with estate agents’ websites that offer automatic updates on new properties – and publicised reductions. You will be able to see whether a villa or apartment you viewed two months ago is now available at a reduced price. To sign up for Fuerteventura Property World’s free automatic notification and be one of the first to know of price reductions, please access the New Member Registration form.

If you are ready to purchase now – meaning you don’t need a mortgage – do your homework and negotiate on price. Make a realistic offer based on your research. Yes, just realistic offers, please – and it is necessary that you do a research prior to making an offer to have better chances. Areas to consider are existing market conditions, potential fixes that need to be done on the property, how long the property has been on the market, etc.

If you need a mortgage, however, the process has become more costly. Some Spanish banks are still offering up to 80% Loan-To-Value but others have reduced to just 60%. Seek expert advice and when you find a deal that is right for you, act swifty to secure it.

For sellers, on the other hand, it is important to be clear on what you actually want or need. Are you desperate to offload your property or are you willing to wait in the hope that the market catches up? If you need to sell on, be prepared to accept offers as buyers will really take advantage of their position in the driver’s seat.

If your property has been on the market for quite a while now and you have yet to receive an offer, you might want to consider dropping your price. In the past months, even developers are reducing their prices by as much as 70,000 Euros in Corralejo – on Residential Green Park (formerly Residencial Montana Roja) semi-detached villas. Also, a spacious 3-bed, 3-bath resale detached villa in Lajares is now for sale at 38,000 Euros less than the original price. Even apartments at great locations are on the market at bargain, reduced prices for bigger chances of a sale.

Pay attention to the state of your property. Make sure that it is clean and tidy and get decent photographs because presentation matters.

If you have any questions about buying or selling a property in Fuerteventura, please feel free to contact us at info@fuerteventura-propertyworld.com and we would be delighted to assist you!

Featured Property of the Week

Marina Village is a new luxury complex of 92 townhouses situated high up in the Parque Natural area offering the panoramic views that Corralejo is famous for. It boasts of 2 communal swimming pools, tennis and paddle courts for owners to use and enjoy.

Spacious, private roof terraces are also available where you can enjoy sunny Fuerteventura not to mention the most magnificent views of the beaches and the surrounding areas.

These lovely townhouses are for sale from 200,664 Euros only.

Contact Fuerteventura Property World now for more information or to arrange a viewing.