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What is the Property market like in La Zenia?

Posted: Sun Jul 17, 2016 10:22pm
27 replies542 views7 members subscribed
Redmalc

Posts: 17

12 helpful points

Location: La Zenia

Joined: 17 Jul 2016

Shortly visiting La Zenia looking for a new or nearly new 2/3 bedroom property with a pool.

I am being told by the agents the market is buoyant,but I find that hard to believe,what is the market really like ?.

My wife does not drive so we will be looking at something centrally located near to shops, bars & restaurants,any ideas of complexes we need to be looking at ?

At first we will be using as a holiday home but in a couple of years I will be retiring so a lot more use.

Any advice or help/recommendations would be very welcome

Regards

271935

Posted: Mon Jul 18, 2016 12:24am

271935

Very helpful member

Posts: 836

679 helpful points

Location: Villamartin

Joined: 30 Apr 2016

Posted: Mon Jul 18, 2016 12:24am

I bought in Villamartin which is 2 mins from La Zenia. I like La Zenia and the beach is close and the bar area near the N332 is good. However you will get a lot more for your money in Villamartin and there will be more choice

Agents will tell you whatever is in their best interests and always use the line things are selling fast. This is utter tripe all Spanish properties have gone up by around 10% because of the plunging  £. The ar.se has fell out of resale and will do until the £  recovers and the implications of Brexit are known. I personally would advise anyone buying to hold off completing till the Autumn to give the £ time to stabilise

Redmalc

Posted: Mon Jul 18, 2016 7:07am

Redmalc

Original Poster

Posts: 17

12 helpful points

Location: La Zenia

Joined: 17 Jul 2016

Posted: Mon Jul 18, 2016 7:07am

Many Thanks for your comments,as I thought the market is not that good and with us being cash buyers should be able to get a decent deal

Terryjersey

Posted: Wed Jan 17, 2018 9:23pm

Posts: 39

Location: La Zenia

Joined: 17 Jan 2018

Posted: Wed Jan 17, 2018 9:23pm

I am a divorce man of 65 will i make friends easy in la zenia i play golf terry

Scott

Posted: Thu Jan 18, 2018 9:58am

Scott

Helpful member

Posts: 110

129 helpful points

Location: Relleu

Joined: 10 Sep 2017

Posted: Thu Jan 18, 2018 9:58am

271935 wrote on Mon Jul 18, 2016 12:24am:

I bought in Villamartin which is 2 mins from La Zenia. I like La Zenia and the beach is close and the bar area near the N332 is good. However you will get a lot more for your money in Villamartin and there will be more choice

Agents will tell you whatever is in their best interests and always use the line things are selling fast. This is utter tripe all Spanish properties have gone up by around 10% because of the plunging  £. The ar.se has fell out of resale and will do until the £  recovers and the implic...

...ations of Brexit are known. I personally would advise anyone buying to hold off completing till the Autumn to give the £ time to stabilise

We chose to buy now, the reason being there are less buyers because of the £ situation meaning we got a great 3 bed villa, two balconies and a garden in Relleu for €65,000 on a site where resale’s are going from €105,000 to €140,000

I would caution about awaiting the £ to go back above the €1.20 there is so much instability plus if the rules change you may get caught out.

I would suggest keeping an eye on xe we got €1.1366 to the £ which we where happy with as it had gone as low as €1.06 to the £ of you can get €1.12 or above and you get a great price on your purchase it would be worth it.

Ours was a bank repo and the spanish government had recently chased banks to start selling the vacant properties so we where there and got it for €20,000 less than asking price percentage wise it’s huge!

All we had to do to it was clean it (vacant for 4 years) and have it repainted and the garden weeded. We decided to replace oven, Hob etc 

My suggestion is buy when the markets dead, don’t listen to estate agents we where told there are 8 people lined up and a German couple coming back in their second viewing, when an other agent said there had been no viewings in 3 years!!!

We also found the state agent marketing pictures are awful, we had walked past our villa, but it was marketed as a two bed apartment we knew it was a three bed villa the pictures they used you would never have gone and looked at it, but we knew where it was and what it looked like and pounced.

Their are killer deal out their you just need to use all the property websites you can, speak to as many agents as possible and look at the photos carefully. We saw properties where the marketing pictures show them clean and freshly painted when you view it’s clear they haven’t been painted for 3+ years meaning it’s been in the market for ages. Also use google street view. We where sent the details of an amazing property with a pool in our budget!!

Looking on street view all the houses around where empty and in bad state of repair with lots of graffiti etc. A ghost street. 

Good luck, buy low as you won’t make any money buying property in Spain but unlike the poor bloke who bought our villa in 2007 he paid €149,000 lost the place and we paid €65,000 in 2017 I can’t see me loosing any money now, we have bought it for ten years until the kids grow up. It’s only a holiday home but still puts a smile on my face every time I turn up

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Scott

Posted: Thu Jan 18, 2018 9:58am

Scott

Helpful member

Posts: 110

129 helpful points

Location: Relleu

Joined: 10 Sep 2017

Posted: Thu Jan 18, 2018 9:58am

271935 wrote on Mon Jul 18, 2016 12:24am:

I bought in Villamartin which is 2 mins from La Zenia. I like La Zenia and the beach is close and the bar area near the N332 is good. However you will get a lot more for your money in Villamartin and there will be more choice

Agents will tell you whatever is in their best interests and always use the line things are selling fast. This is utter tripe all Spanish properties have gone up by around 10% because of the plunging  £. The ar.se has fell out of resale and will do until the £  recovers and the implic...

...ations of Brexit are known. I personally would advise anyone buying to hold off completing till the Autumn to give the £ time to stabilise

We chose to buy now, the reason being there are less buyers because of the £ situation meaning we got a great 3 bed villa, two balconies and a garden in Relleu for €65,000 on a site where resale’s are going from €105,000 to €140,000

I would caution about awaiting the £ to go back above the €1.20 there is so much instability plus if the rules change you may get caught out.

I would suggest keeping an eye on xe we got €1.1366 to the £ which we where happy with as it had gone as low as €1.06 to the £ of you can get €1.12 or above and you get a great price on your purchase it would be worth it.

Ours was a bank repo and the spanish government had recently chased banks to start selling the vacant properties so we where there and got it for €20,000 less than asking price percentage wise it’s huge!

All we had to do to it was clean it (vacant for 4 years) and have it repainted and the garden weeded. We decided to replace oven, Hob etc 

My suggestion is buy when the markets dead, don’t listen to estate agents we where told there are 8 people lined up and a German couple coming back in their second viewing, when an other agent said there had been no viewings in 3 years!!!

We also found the state agent marketing pictures are awful, we had walked past our villa, but it was marketed as a two bed apartment we knew it was a three bed villa the pictures they used you would never have gone and looked at it, but we knew where it was and what it looked like and pounced.

Their are killer deal out their you just need to use all the property websites you can, speak to as many agents as possible and look at the photos carefully. We saw properties where the marketing pictures show them clean and freshly painted when you view it’s clear they haven’t been painted for 3+ years meaning it’s been in the market for ages. Also use google street view. We where sent the details of an amazing property with a pool in our budget!!

Looking on street view all the houses around where empty and in bad state of repair with lots of graffiti etc. A ghost street. 

Good luck, buy low as you won’t make any money buying property in Spain but unlike the poor bloke who bought our villa in 2007 he paid €149,000 lost the place and we paid €65,000 in 2017 I can’t see me loosing any money now, we have bought it for ten years until the kids grow up. It’s only a holiday home but still puts a smile on my face every time I turn up

Terryjersey

Posted: Thu Jan 18, 2018 1:27pm

Posts: 39

Location: La Zenia

Joined: 17 Jan 2018

Posted: Thu Jan 18, 2018 1:27pm

Scott wrote on Thu Jan 18, 2018 9:58am:

We chose to buy now, the reason being there are less buyers because of the £ situation meaning we got a great 3 bed villa, two balconies and a garden in Relleu for €65,000 on a site where resale’s are going from €105,000 to €140,000

I would caution about awaiting the £ to go back above the €1.20 there is so much instability plus if the rules change you may get caught out....

...

I would suggest keeping an eye on xe we got €1.1366 to the £ which we where happy with as it had gone as low as €1.06 to the £ of you can get €1.12 or above and you get a great price on your purchase it would be worth it.

Ours was a bank repo and the spanish government had recently chased banks to start selling the vacant properties so we where there and got it for €20,000 less than asking price percentage wise it’s huge!

All we had to do to it was clean it (vacant for 4 years) and have it repainted and the garden weeded. We decided to replace oven, Hob etc 

My suggestion is buy when the markets dead, don’t listen to estate agents we where told there are 8 people lined up and a German couple coming back in their second viewing, when an other agent said there had been no viewings in 3 years!!!

We also found the state agent marketing pictures are awful, we had walked past our villa, but it was marketed as a two bed apartment we knew it was a three bed villa the pictures they used you would never have gone and looked at it, but we knew where it was and what it looked like and pounced.

Their are killer deal out their you just need to use all the property websites you can, speak to as many agents as possible and look at the photos carefully. We saw properties where the marketing pictures show them clean and freshly painted when you view it’s clear they haven’t been painted for 3+ years meaning it’s been in the market for ages. Also use google street view. We where sent the details of an amazing property with a pool in our budget!!

Looking on street view all the houses around where empty and in bad state of repair with lots of graffiti etc. A ghost street. 

Good luck, buy low as you won’t make any money buying property in Spain but unlike the poor bloke who bought our villa in 2007 he paid €149,000 lost the place and we paid €65,000 in 2017 I can’t see me loosing any money now, we have bought it for ten years until the kids grow up. It’s only a holiday home but still puts a smile on my face every time I turn up

Hi scott great info         but could you please  helpme do you think la zenia would be ok for a single man of 65 to retire  just give me some idea if you can please  terry

Scott

Posted: Thu Jan 18, 2018 1:36pm

Scott

Helpful member

Posts: 110

129 helpful points

Location: Relleu

Joined: 10 Sep 2017

Posted: Thu Jan 18, 2018 1:36pm

Hi Terry, really sorry my place is in Relleu which is only about 20% British 60% spanish the rest Made up with Belgians and other European. I don’t know le zenia that well, there will be others better skilled in answering this for you. I guess you may be best putting what kind of things you like as ones 65 is another’s marathon runner, jet ski fanatic :-) 

We chose our place after staying a few nights in the place, it wasn’t like living in a tacky British resort, it had a nice feel of traditional spanish, you do need to drive in reality and I personally wouldn’t spend my 70s in relleu as it’s 20 min drive to the bigger towns. I’m 46 with two young kids and relleu is perfect for me. I wanted bars and restaurants a good pool, a safe urbanisation, a few shops and spanish feel but modern home. Short drive to beach was ok. 

Sorry I can’t answer your specific question but before you buy make sure as properties can take a long time to sell so act in haste and repent at leisure would be the lesson

Terryjersey

Posted: Thu Jan 18, 2018 2:07pm

Posts: 39

Location: La Zenia

Joined: 17 Jan 2018

Posted: Thu Jan 18, 2018 2:07pm

Thank you scott 

Terryjersey

Posted: Thu Jan 18, 2018 2:13pm

Posts: 39

Location: La Zenia

Joined: 17 Jan 2018

Posted: Thu Jan 18, 2018 2:13pm

271935 wrote on Mon Jul 18, 2016 12:24am:

I bought in Villamartin which is 2 mins from La Zenia. I like La Zenia and the beach is close and the bar area near the N332 is good. However you will get a lot more for your money in Villamartin and there will be more choice

Agents will tell you whatever is in their best interests and always use the line things are selling fast. This is utter tripe all Spanish properties have gone up by around 10% because of the plunging  £. The ar.se has fell out of resale and will do until the £  recovers and the implic...

...ations of Brexit are known. I personally would advise anyone buying to hold off completing till the Autumn to give the £ time to stabilise

Hi        i feel a bit of anxiety  about moving to la zena i am 65 on my own now do you think it would be.possible  to meet friends there or is it dead in winter sorry to put this on you hope you can help terry 

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Gentlevan Removals
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