This article will give you an idea about Fuerteventura property sales. Property is available to buy on the island, and people buy here to live in it themselves, or as a holiday home or as an investment to possibly rent out. At the current time there are many properties available to buy.
As in most countries, Fuerteventura property sales are made through estate agents or through private sellers. Estate agents have offices in places like Puerto del Rosario, Corralejo and Caleta de Fuste; and will also have websites where all properties for sale will have details listed. Private sellers will put up their own advertising boards with phone numbers to contact.
The general feeling at the moment, is that it is a good time to buy, as there are now positive trends in the property market as property is being bought by people from all over Europe.
People from Europe who are looking at Fuerteventura property sales, are, in the most part, looking to buy a holiday home to meet their particular needs. There are a whole range of properties on the island – studio apartments; 1 to 3 bedroomed apartments; duplex properties and semi detached and detached villas and bungalows. Most people buy in the main tourist areas of Corralejo, Caleta de Fuste, Costa de Antigua, and Costa Calma as there are beaches and other services close by. Properties are also available in the inland villages and towns.
The procedure for Fuerteventura property sales is different from outside of Spain, so it is advisable to use a recognized estate agent and an independent lawyer. Most speak English, so they will be able to give you advice and guide you through the buying stages.
The basic procedure for buying a property is to pay a Reservation Deposit of 5% of the agreed purchase price so a contract of sale can be completed. The second stage involves paying an amount of between 10-50% of the purchase price. The third stage is to complete the purchase in the presence of a Notary. A Notary is a specially qualified lawyer who is authorised to complete the final title deed. The remainder of the purchase price is paid at this point, and will include taxes payable on purchase. 10% of the purchase price should cover the lawyer and notary fees; the purchase price tax of 6.5%; and if there is a tax to be paid on any increase in the land value since the last sale.
The lawyer will also sort out connections for electricity and water. Find out whether any monthly community fees have to be paid; and the amount of the yearly house tax (I.B.I. tax).
As a guide to current prices (July 2014) here are some current properties being advertised:
Caleta de Fuste
Generally, the prices are the same around the island, but some larger properties can be up to 750,000€. Cheaper Fuerteventura property sales can be found in the capital of Puerto del Rosario, which is an urban area of around 35,000 people.
So as prices are currently increasing, now could be a good time for Fuerteventura property sales. An internet search will provide listings of the main estate agents that sell on the island, and this might be the start of the process of owning a property on the sunshine island of Fuerteventura, just like me!
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