Real Estate in Valencia

Please note: this venue does not have an elevator, so is not wheelchair-accessible.

IWCV member Rebecca Cabo is offering this three-part series to discuss the various themes of real estate, specifically in Valencia and Spain.  The talks are ½- ¾ hour, followed by a question-and-answer period.

Part 1: Rent vs Buying - Tues., Sept. 26

• Rental: small capital investment, limited ability to refurbish, law provides tenant protection, flats not very modern, few have aircon/central heating, furnished/unfurnished, good starting point, etc.
• Buy: ability to perform a substantial reform, create a space where you want to live in, preservation of capital, lack of liquidity, high purchase taxes /stamp duty (10%), low on-going property taxes, low homeowner fees, etc.

Part 2: The Buying Process - Tues. Oct. 10

• The buying process: Due Diligence, the Arras contract (10%), paying the owner directly, the Completion/Closing at the Notary.     
  • The role and the importance of The Notary, registration of the property, mortgages (for foreigners), etc.

   

• The real estate agent in Spain: Role, fees, API affiliations, etc.
• Major differences between buying in the USA, UK (I’ve carried out a number of transactions in those countries so I can compare)

Part 3: Investing in Residential and/or Retail Properties - Tues., Oct. 24

• Reform – reconfiguring: building permits, (obra mayor obra menor)
• Underestimating the scope of repairs and time to execute
• Vacation rentals permits required
• Headline rent vs net effective rent
• Income vs liquidity, etc.

CANCELLATIONS:  If you find that you must cancel, please email pres.iwcvalencia@gmail.com  If you cancel for any reason and we cannot replace you from a waitlist, you will be charged the full cost if we are charged.  Thank you for understanding.

COORDINATOR:  Rebecca Cabo (+34 662332854) (rebecca@spacescabo.com)

LOCATION:   SpacesCabo office Plaza Rodrigo Botet 1, Door 1, (near Federal Cafe)

TIME TO MEET:  15:45 start at 16:00 – 17:00 (½ - ¾ hour talk/presentation questions after/drinks)

COSTS:    No Charge

WHO CAN ATTEND:  IWCV Members, spouses, partners (Maximum: 12 people)