The AIPP/RIC/RDE Guide to buying a property in Spain

Presentación de
“The AIPP/RICS/RDE Guide to buying a property in Spain”
-Lo que deben saber los extranjeros que compran en España-
Beatriz Corredor.- Director Relaciones Institucionales del Colegio de Registradores
Alfredo Millá.- Chairman Residential Property Professional Group RICS Spain y CEO Sonneil
Peter Robinson.- CEO Association International Property Professionals (AIPP)
Index
 Guide Presentation
 Sales per nationalites
 UK Recovery
 UK buyers Profile
 How to buying a Property in Spain
Guide presentation
Statistics
% Transactions with foreign citizens involved
14.00
13.01
12.00
10.00
12.51
11.15
8.97
8.29
8.12
8.00
6.04
5.85
6.00
4.24
4.45
2009
2010
4.00
2.00
0.00
2006
2007
2008
2011
2012
2013
2014 2015*
*1er Semestre
Source: Colegio de Registradores
23/10/2015 BMP
4
Statistics
% transactions by British Citizens of all homes purchased by foreigners
 They represent one in five purchases by foreigners (2º T2015)
40%
35%
30%
25%
20%
15%
10%
5%
0%
Source: Colegio de Registradores
23/10/2015 BMP
5
Statistics
Sales per nationalities
 Foreigners mainly linked to the demand on tourist accomodation
UK
19.85%
France
Germany
35.29%
Belgium
8.11%
Sweden
Italy
7.65%
3.85%
3.93%
3.94%
6.49%
5.30%
5.59%
Russia
China
Romania
Others
Source: Colegio de Registradores
23/10/2015 BMP
6
Statistics
Transactions with foreign citizens involved by CCAA.(%)
 They have remained over recent quarters at rates close to 13% of all
purchases registered
Cantabria 1,9%
Total España 12,7%
Asturias 1,9%
País Vasco 1,7%
Galicia 0,6%
Navarra 2,3%
La Rioja 2,8%
Castilla y León 1,1%
Cataluña 12,6%
Aragón 4,5%
Madrid 4,7%
4,
>25%
> >10%
<5%
I. Balears 33,5%
Extremadura 0,4%
C. Valenciana 25,7%
Castilla-La Mancha1,8%
Andalucía 15,0%
Murcia 15,6%
Canarias 27,5%
Source: Colegio de Registradores
23/10/2015 BMP
7
Statistics
Demand of properties by foreigners on CCAA
 British Citizens are on top of the ranking in Andalucía, Murcia, Canarias and C. Valenciana;
French in Cataluña, German investors in Baleares
I.Balears
40%
30%
20%
10%
0%
30%
20%
20%
10%
10%
0%
Cataluña
40%
30%
20%
10%
0%
C. Valenciana
Canarias
0%
Andalucía
Murcia
50%
40%
30%
20%
10%
0%
40%
30%
20%
10%
0%
Source: Colegio de Registradores
23/10/2015 BMP
8
Guide presentation
Guide presentation
Guide presentation
Guide presentation
Index
 Guide Presentation
 Sales per nationalites
 UK Recovery
 UK buyers Profile
 How to buying a Property in Spain
Sales per nationalities
The majority of nationalities in Europe are buying now more than the pre-crisis
period, with the exception of UK
Miles
-Sales evolution per nationalities25
20
UK
France
15
Russia
10
Germany
Scandinavian Countries
5
Holland
2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
(1º y
2º Tr)
Source: Sonneil.com own elaboration from Colegio Registradores Annual Report
Belgium
Sales per nationalities
At the beginning of the crisis, the dramatic decrease came from the UK market,
the rest of nationalities stayed stable and from 2010, even they also increased
-UK sales vs Rest of nationalitiesUK
Total Nacionalidades
31.86
26.47
25.85
23.01
23.01
19.32
19.94
12.43
17.45
12.24
5.65
2006
26.55
2007
2008
2009
12.89
4.65
2010
Source: Sonneil.com own elaboration from Colegio Registradores Annual Report
14.56
4.28
2011
4.47
2012
5.54
2013
6.54
2014
8.87
2015 (1º
y 2º Tr)
Index
 Guide Presentation
 Sales per nationalites
 UK Recovery
 UK buyers Profile
 How to buying a Property in Spain
UK Recovery
UK is having a strong increase this year
-% of variation of sales 1st semester 201540%
35%
30%
20%
9%
10%
0%
4%
0%
UK
-10%
Francia
Rusia
-7%
Países
Escandinavos
-7%
-20%
-30%
-40%
-50%
Alemania
-42%
Source: Sonneil.com own elaboration from Colegio Registradores Annual Report
Holanda
Bélgica
UK Recovery
The strengh of British buyers of all nationalities is beginning to recover the levels
near pre-crisis
-% of sales of UK Buyers vs Total Nationalities UK
37.84%
40.00%
35.00%
31.49%
30.00%
29.55%
25.00%
23.44%
28.00%
19.14%
20.00%
17.70%
15.10%
15.00%
16.63%
15.77%
10.00%
5.00%
0.00%
2006
2007
2008
2009
2010
Source: Sonneil.com own elaboration from Colegio Registradores Annual Report
2011
2012
2013
2014
2015 (1º y 2º
Tr)
Index
 Guide Presentation
 Sales per nationalites
 UK Recovery
 UK buyers Profile
 How to buying a Property in Spain
UK buyers Profile
2015 = 50% UK increase in international property enquiries (over 2014)
Results of 4,000 buyer survey through AIPP member; Rightmove Overseas Portal
Source: Rightmove Overseas
UK buyers Profile
Source: Rightmove Overseas
UK buyers Profile
AIPP estimate: UK buyers of a foreign property in 2015 = 40,000
25% of all
British buyers
of a foreign
property buy
in Spain =
10,000 buyers
a year?
Source: Rightmove Overseas
UK buyers Profile
Source: Rightmove Overseas
UK Buyers profile
Source: Rightmove Overseas
UK buyers Profile in Barcelona
Source: Rightmove Overseas
Index
 Guide Presentation
 Sales per nationalites
 UK Recovery
 UK buyers Profile
 How to buying a Property in Spain
Guide to Buying a Property in Spain
Why this Guide?....................So MANY Guides!!
Buyer mentality changes………a new approach, better for ALL stakeholders
Approach: authority, neutrality, humanity……a joint effort from RICS / RDE /AIPP
Frank & Diane – we follow their journey in Spain
Guide to Buying a Property in Spain
The Guide covers 10 major topics:
1. The Property search process
2. Where in Spain?
3. Planning to view
4. Teamwork
5. Viewings
Guide to Buying a Property in Spain
The Guide covers 10 major topics:
6. Buying the property
7. Preliminary sales contract (arras)
8. Contract of sale (escritura)
9. Registering ownership
10. Inheritance