Posts Tagged ‘covid19’

Get rid of Overseas Property – Without Visiting Spain.

CORONAVIRUS – NO TRAVEL, NO PROBLEM – WE HAVE THE SOLUTION FOR YOU.

The world continues to be an uncertain place. In the UK the Government has announced its stepped plan to restore normality in the midst of Coronavirus – travel restrictions. We can help you get rid of your overseas property – without visiting Spain.

One thing that has hit the headlines is a 2-week self-isolation for those returning from abroad, bar France.

This is clearly detrimental for those looking to get rid of property overseas, especially during this period. No one wants to self-isolate for 2 weeks having been on lockdown for some time.

EU Property Solutions legal process allows you to get rid of your overseas property without visiting Spain. Here is how:

  1. You swear a Power of Attorney allowing our Legal Team in Spain to represent you and sign documentation in the country on your behalf. This is arguably the most you will travel – to a local notary to have this document sworn.
  2. We will arrange access for a Lender Valuation. Just give us the keys or tell us your keyholder’s details.
  3. We will communicate with the Lender on your behalf. Including any face to face requirements.
  4. We will sign the Legal Paperwork and conclude the case on your behalf.

Trust is key in this process. Trust us to do right by you and we need to trust you will cooperate to get the desired conclusion.

If your Spanish property is detrimental, especially now during this pandemic ~ respond. Allow EU Property Solutions to resolve the matter on your behalf from the safety of your home.

EU Property Solutions have options and plans for every eventuality. We ensure we will protect you, your income, your home, pensions, and other assets – from any potential or ensuing legal threat.

WE HAVE THE SOLUTIONS TO HELP YOU DEAL WITH GETTING RID OF YOUR PROPERTY – WITHOUT VISITING SPAIN. 

Call us TODAY on 0330 124 1230 or email [email protected]

Spanish Holiday Home Values to Decline

Spanish Holiday Home Values to Decline

Uncertainty and the markets do not go well together, the Spanish Property market & Spanish holiday homes are no different.

NOBODY, BUT NO ONE KNOWS what is going to happen in the coming months because of Coronavirus.

For sure Spanish Property prices will decline – the extent of this drop is unknown. Spanish Property Expert, Mark Stucklin, completed a survey recently for his website which you can find on www.spanishpropertyinsight.com to get feedback as to how Covid-19 would affect Spanish Property Prices.  because and or so how together and are there

Key points relating to Spanish holiday homes:

  • 57% of respondents think house prices will reduce a lot (greater than 10%),
  • 37% of respondents think house prices will reduce a little (up to 10%), and
  • 6% of respondents think there will be no impact on house prices.

Yet another potential house price collapse, this will be alarming to borrowers as many are already self-declared “Mortgage Prisoners” in other words, with mortgage balances greater than their property value.

There are ways through this, and EU Property Solutions’ legal process can help avoid a protracted sale and the associated sales costs.  It is key to respond.

So, if you have:
1. Negative equity,
2. Falling rentals,
3. Lender issues,
4. Interest-only problems, or
5. Anything that relates to your property in terms of its problematic disposal….

CALL EU PROPERTY SOLUTIONS TODAY!

EU Property Solutions have options and plans for every individual case as we ensure to protect you, your income, your home, pensions, and other assets – from any potential legal threat.

SEE BELOW A TESTIMONIAL FROM A VERY HAPPY & RELIEVED CLIENT.

WE HAVE THE SOLUTIONS TO DEAL WITH SPANISH PROPERTY DEBT ISSUES AND ALLEVIATE YOUR FOREIGN PROPERTY DEBT.

CORONAVIRUS – SELLING IN LOCKDOWN

Uncertainty of the pandemic continues around the world as Economies reel because of Coronavirus and imposed lockdowns essential to Public Safety.

Undoubtedly property markets suffer in periods of uncertainty.

2nd homeowners with property in Spain will be considering selling at this stage. Factors include no rental income for Peak season, declining values imminent and currently an inability to visit the property.

Selling property during a pandemic comes with its difficulties:

  1. The property could be in Negative Equity i.e. the outstanding mortgage is greater than the property value. With prices set to decline again, more borrowers will find themselves in this scenario.
  2. Costs of sale in Spain can be 10-12% of the sales price. Vendors must factor this into their calculations.
  3. The property must be “priced to sell”. There is a massive supply of 2nd home properties across the Spanish Costas and being realistic is essential.
  4. Demand for 2nd homes will undoubtedly fall in this period and for the rest of the year as confidence is hit.
  5. Lending restrictions imposed last year reduced the buyer pool, we await Banks’ response to this crisis and how their criteria will change again.

If you want to sell and cannot EU Property Solutions can assist. Our legal process avoids the Sales Process and associated costs.

As Mark Stucklin said last week:

“If you find yourself in financial distress as a non-resident or second-home owner due to this crisis you may see yourself miss your Spanish mortgage repayments.

You need to get hold of the situation quickly and start talking to your lender about the options.

If you feel you need professional help from experts who know how to negotiate with banks and get you the best outcome, get in touch with financial distress and negative equity experts EU Property Solutions to discuss your case.”

EU Property Solutions have options and plans for every eventuality, ensuring we protect you, your income, your home, pensions and other assets – from any potential or ensuing legal threat.

Coronavirus Pandemic

CORONAVIRUS – SPANISH PROPERTY OPPORTUNITY OR THREAT?

We are in unprecedented times with Coronavirus creating havoc across the world and especially in Europe.

It is a Health and Economic Emergency with thousands tragically losing their lives and millions losing their livelihoods.

Undoubtedly property markets suffer in periods of coronavirus uncertainty.

Spain is at the center of the European battle and property owners in the country face the following problems:

  1. There will be no sales of property in the next say 6 months – minimum.
  2. Even after that, we will see people’s inability to sell their property with the overhanging economic threat. The market was trying to recover before Coronavirus
  3. No or reduced holiday rental income due this year will be received.
  4. Long-term tenancies are at risk with the huge redundancies that will follow in Spain and across Europe.
  5. There is no Spanish Government assistance for overseas borrowers who own second homes.
  6. Property value will undoubtedly decline again. Negative equity will increase.

EU Property Solutions and our legal associates continue to operate in Spain under Government guidelines to progress cases with lenders and sign Settlements with Notaries. We have achieved two settlements this week.

If your property was a burden before Coronavirus, or is now, it is time to RESPOND.

EU Property Solutions have options and plans for every eventuality, ensuring we protect you, your income, your home, pensions and other assets – from any potential or ensuing legal threat.

Check out our latest settlement video to see a true reflection of our work in how we alleviate foreign property debt as well as allowing families to move on with their lives: CLICK HERE TO WATCH VIDEO 

As Mark Stucklin said last week:

If you find yourself in financial distress as a non-resident or second-home owner due to this crisis you may see yourself miss your Spanish mortgage repayments.

You need to get hold of the situation quickly and start talking to your lender about the options.

If you feel you need professional help from experts who know how to negotiate with banks and get you the best outcome, get in touch with financial distress and negative equity experts EU Property Solutions to discuss your case.

WE HAVE THE SOLUTIONS TO DEAL WITH SPANISH PROPERTY DEBT ISSUES.