07 Aug 2016 Against the odds, Spain is now being touted as a property safe haven. Source: The Sunday Times As comebacks go, the renaissance of the Spanish property market has to rank alongside this year’s Abba reunion or Boris Johnson’s phoenix-like rebirth from betrayed Brexit pariah to foreign secretary. Whisper it, but Spain, one of the countries hardest hit by the global financial crisis, has become a safe haven, with the economy forecast to outperform both Britain and Germany this year, and Moody’s, the credit ratings agency, estimating that house prices will rise by 5% in 2016, “bolstered by economic improvements and the lowest mortgage rates since 2011”. By contrast, home values in the UK are expected to stagnate . . . Read More >>

10 Dec 2015 FOREIGN DEMAND: Up 20% in third quarter, British demand up 53% Foreign demand for property in Spain is close to record highs as a percentage of the Spanish housing market, and continues to expand on the back of British demand. Read More >>

15 Nov 2015 Spain favourite Mediterranean destination for Chinese investors.Spain is the top destination for Chinese investors in the Mediterranean, with demand up 392% in a year, behind only Cyprus in terms of annual growth..
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15 May 2014 Many agents are reporting sharp increases in sales in the Denia region. Euro Weekly News have reported that property sales for April actually trebled over March with 60% of sales going to foreigners, mostly French and Belgium.

26 Nov 13 There is no doubt that the “Golden Visa” has had a major impact on property prices in Spain with buyers from Russia, China & the Middle East flocking to the region. -
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8 Oct 13 The Spanish government: Golden Visa approved and expected to vastly improve middle to lower Spanish markets.
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12 Sept 13 Propertiesabroad.com reports that Brits are returning to the Spanish property market.
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1 May 13 Royal Decree approves Energy Certification - Energy Performance Certificate.ALL HOMES for sale or rent must obtain a Certificado de Eficiencia Energética (CEE) from 1st June 2013. The new law was enacted last week by Spanish ministers in a Royal Decree on the Certification for Energy in Existing Buildings.
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05 Apr 13 Buyers flooding back into Spanish property market. Foreign buyers of Spanish properties rose 28.4% last year to 38,312, just 10% short of pre-crisis levels, according to figures from the General Council of Notaries and reported in the Spanish press.
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08 Jan 13 Spanish IVA tax changes. From immediate effect, IVA becomes 10% on new build and ITP (resale transmission tax) becomes 8%.

02 Nov 12 Spanish rental yields rising. OPP reports that figures released by the Bank of Spain have revealed that the average gross rental yield in Spain is on the rise, up to 4.08 per cent from a low of 3.29 per cent in June 2008.

02 Nov 12 Spanish mortgages 40% cheaper than 2008. OPP reports that recent data published by the Spanish Mortgage Association (AHE) has revealed that the average mortgage in Spain is now 40% cheaper than it was four years ago.

20 Sept 12 'Back in the Game'.
Figures released last week by the Ministry of Development has revealed that 9,502 housing transactions were made by foreigners in Spain during the second quarter of this year over the same period in 2011 - the highest figure seen 2008 when transactions reached 11,130. Source: The Move Channel

13 Sept 12 Last month saw 53% of all property sales in August made to British clients - the strongest sales month to British buyers since September 2010. Source: The Move Channel

10 July 12 A Place in the Sun: British buyers still lead the way >

18 May 12 The Corporate Practice Institute (IPE) are optimistic that the ‘stock’ of unsold homes in Spain will be reduced by 23.6% in 2012 >

23 Jan 12 Overseas nationals snap up cheap homes in Spain . . . sales growth continues for 2nd consecutive year >

23 Jan 12 Vat reduction to 4% for new build villas extended to Dec 2012

3 Jan 12 Sterling ended 2011 on a high reaching just under 1.20 €/£. The new year has begin with more property enquiries than same time last year

7 Nov 11Quarter 3 sales continues the upward trend in the key Marbella market, seen by professionals as a bellwether for the overall market. Marbella led the recovery in previous recessions

11 Aug 11 Vat reduced to 4% from 8% for new build completions in 2011. The Spanish gov has implemented this with immediate effect >

15 Aug 11“Worldwide property markets will be surging by the end of the year as investor confidence returns” according to global agency Jones Lang LaSalle.

10 May 11 Monte Pego goes modern: Villa Gratia - a fabulous contemporary design 3 bedroom villa & pool for just 293,000 €. >

9 May 11 A Daily Mail article led to concerns from a former professional footballer, now buying a new build villa for year round living in Monte Pego. Peter Mustafa replies >

7 May 11 Sterling gains sharply against the euro. To move fast and lock in the gains at VIP rates, click here >

22 Mar 11 Unique to Monte Pego. Grab a 1 month option on your first choice villa prior to your visit >

16 Mar 11 Moraira properties are being added to the Monte Pego portfolio. Visitors can view both as they are just 20 mins apart. Apartments download >

15 Mar 11 A Place in the Sun: This weekend's exhibition in London's Earls Court:Serious buyers and celebrities return to the market >

25 Feb 11 A Place in the Sun: Oversupply of properties in Spain expected to fall. Sales in 2010 grew by 6.8% >

16 Feb 11 The Wall St Journal: The Spanish economy returned to growth in the 4th quarter >

23 Jun 10 CGT changes in Emergency budget >

12 May 10 Reuters: UK markets buoyed by new Government >

10 Apr 10 The Times London: A new generation of Brits warms to a life of sun, sea, sand & Spain >

26 Mar 10 A Place in the Sun Live: "best exhibition for years" >

21 Oct 09 Free extended structural warranty on all resales >

Mortgages
Repayment (life-policy-free) mortgages secured on either your UK home or the villa you are buying, for up to 65% of the purchase price, can be arranged. The term is up to 25 years. The loan can be in any currency and the interest charged is currently around 4% (Euro).

For our Mortgage Calculator click here 

Villa construction. 9 to 12 months
- Contract signing: 10% of construction cost
- Project sign-off 20% of construction cost. A mortgage can be obtained after this stage
- Foundation 30% of construction cost
- Roof 30% of construction cost
- Completion 10% of construction cost

Contracts are fixed in price and are written in Spanish with an English translation. All plots are freehold.

Foreign currency
Foreign Currency Direct is our currency dealer. FCD charges less for transfers and give improved rates of exchange over other sources. FCD hold the funds of Monte Pego clients in a secure client account. To obtain a quote: Tel: 0800 328 5884 and quote ref: RA-Pego-P or send an email to: info@currencies.co.uk

Solicitors
We recommend that, for your own peace of mind, you use a bonded solicitor in order to transact your purchase. We will be happy to pass on details of solicitors recommended by our clients.

Plot only: Buy the plot now and contract the villa whenever you are ready.

Guarantees
All new properties are structurally guaranteed for ten years and for minor defects for 1 year.

After Sales Service
For JUAN PORSELLANES, the completion of your villa is not the end of the story but the beginning of a new relationship. Their staff can help you with such matters as removals and furnishings and advice regarding schools in the area along with any other information you may require.

Choosing a plot
This section attempts to explain how you may choose a plot enabling you to have a much larger villa without it costing proportionally more. Generally speaking, the best plots tend to be sloping as this ensures that other villas do not obscure your views. Also, terraced gardens and villas look prettier as they are more typically Spanish. However, the greatest advantage gained by a sloping plot is that it enables you to have a villa that can utilise a lower floor. This is because it will be necessary to build (at no extra cost to you) an elevation upon which the main part of the villa sits. The amount of extra space you can gain from the lower floor depends on the gradient of the plot.

Let us assume, for example, that you have chosen a plot with approximately 25 degrees of gradient and a villa type Alegria; which is a three-bedroom, 2-bathroom villa of 111.7m2 costing £114,583 (at 1.2€/£) plus the land, terrace and pool. For an additional £23,000 approximately, you could have a lower storey under build with a space gain of around 40m2. This lower area is finished off externally with a window and entrance door. The interior however, is left unfinished, but has electricity and full ceiling height enabling you to extend into this area in later years. This lower area can be used either as an additional living area or partly as a garage or can even be arranged as an entirely separate accommodation unit with sufficient space for a 2 bedroom self contained guest apartment.

Viewing & Inspection tours
You are shown around individually, not in large impersonal groups. Before selecting your villa, you will first want to look at the various areas and properties available. For those clients who already know the area and simply wish to choose a particular site and design of villa, we arrange inspection tours where the emphasis is on spending time on the site with technical experts.

However, if you do not know the area, we realise that before you can seriously consider a property, you must also tour the area to decide whether it is for you. We therefore also provide guided tours which include the non-tourist parts of the area. In either case, we can advise on flights to either Alicante or Valencia Airport from where your tour commences. There you will be met by friendly and helpful staff and either accommodated in a good quality hotel in Denia or, if available, in a villa which could be similar to the one you area considering.

Tours come without obligation to purchase.
The cost of return air travel for a 2, 3 or 4 day trip is £100/£200 per person (normally around £140) depending on the time of year. This amount is for the cost of the return flight, the payment of which is processed by the airline or tour operator chosen. Hotel B&B, transfers in Spain and guided tour are courtesy of Juan Porsellanes. We, or course, can guide you through this process.
NB. In conformance with ATOL regulations, any flight booking payments you pass to us are processed by the tour operator.

Click here to go straight to the inspection trip booking form.

Finally, unless it is unavoidable, we advise against on the spot commitments when viewing overseas property. Decisions should be made after your trip following careful deliberation.

LRAU - Valencia Land Grab Issue
UK solicitors Baily Gibson & Co, Tel +44 (0)1494 672661, have stated the following: "PLOTS IN MONTE PEGO ARE NOT AFFECTED BY THE NEW VALENCIA URBANISTIC LAW" (also known as Land Grab). Monte Pego was urbanised in 1974. As before, property in Monte Pego can continue to be purchased, with confidence.