We are a Low-Cost, highly recommended Estate Agency keeping costs down for property buyers and vendors.
We are a Low-Cost, highly recommended Estate Agency keeping costs down for property buyers and vendors
The Spanish Property Market Is Unpredictable!
Here’s what we are doing to adapt to the current circumstances and outlook
Spanish property agents have, historically, charged some of the highest fees in the European property market. Often asking 5-10% commission on resale properties, depending on regional economies and demand.
Since the 2008 financial crisis, estate agent’s fees have reduced a little, but on average, when you take added costs and terms & conditions into account, most property owners are still being charged around 4%. That’s 300% more than a UK high Street estate agent charges!
When you consider Spain hits buyers with some of the highest purchase taxes in Europe (8-10%) plus land registry, notary and legal fees, this ultimately translates to the Spanish property buyer paying 11% more, on top of the asking price. But it gets worse, most property owners here in Spain also add another 4% onto the price they want to cover their estate agents fees. That’s a whopping 15% the property buyer pays on top of the asking price!
This cannot continue, it’s killing an already fragile market.
At Casas247.Net, we have slashed Estate Agents fees to just 1%, NO Sale NO Fee! We only charge on completion of the sale, with no upfront costs to the property owner.
These huge savings – on average 5,400€ – provides extra wriggle-room for sellers to negotiate a favourable price with their buyers, thus, bringing the price of selling and buying property in Spain down to a more affordable rate.