Does anyone know of any sites that give accurate property sale prices for the island?
A bit like rightmove does in the uk. So you can look up what a properties sold for.
Trying to get an idea of how the market is. Even something showing average prices
past and present? thanks
Non that I have ever found Jill 🙂🙂
No, Jill, I do not believe there is, I asked a friend who works for an Estate Agent here, he shook his head and almost choked on his drink laughing.
Kyero used to provide some historical data for the Canary Islands which inc average selling Prices/sales etc.
Quote from: jill tie on August 26, 2018, 10:17:15 AM
Does anyone know of any sites that give accurate property sale prices for the island?
A bit like rightmove does in the uk. So you can look up what a properties sold for.
Trying to get an idea of how the market is. Even something showing average prices
past and present? thanks
Yes Jill, it's Kyero (data). Gives a very thorough picture of what's happening in Las Palmas province (or anywhere else for that matter).
Idealista is a bit like rightmove
Ive looked a few times and found nothing. I will have a look at Kyero and Idealista, thanks
Kyero is just an estate agent site with selling prices, same as the rest. Don`t think it gives actual area valuation levels & as far as I remember idealista is the same
I have checked extensively and for Fuerteventura there is nothing. Mainland Spain has more info but nothing like the UK.
I think it all comes down to the data protection rules; unlike in the UK where the taxman will investigate and know what price you sold your house for whether you like it or not, here you can try your luck and declare what you like and see what happens because they are relying on you to present the paperwork that proves it.
I don't think evens ome buyers know what price they paid the seller here! :D
Quote from: Lexeus on August 26, 2018, 15:14:20 PM
I have checked extensively and for Fuerteventura there is nothing. Mainland Spain has more info but nothing like the UK.
I think it all comes down to the data protection rules; unlike in the UK where the taxman will investigate and know what price you sold your house for whether you like it or not, here you can try your luck and declare what you like and see what happens because they are relying on you to present the paperwork that proves it.
I don't think evens ome buyers know what price they paid the seller here! :D
I actually think it is intentional so buyers have nothing to gauge against & the Spanish estate agents think it gives them an edge to con non locals who don`t know any better. IMHO
Completely agree Spitfire, I think it could be more transparent but there are plenty of people with an interest in it being so opaque.
I think the data protection laws are so tight because the politicians have plenty to hide.... ;)
Quote from: Lexeus on August 27, 2018, 11:01:33 AM
Completely agree Spitfire, I think it could be more transparent but there are plenty of people with an interest in it being so opaque.
I think the date protection laws so tight because the politicians have plenty to hide.... ;)
👍👍👍🤣😂🤣😂
See if this works.
https://data.kyero.com/en/data/spain/province/las-palmas
Agreed, but Kyero info. seems to be based on official sources.
But it is for the whole of Las Palmas, it does not touch on particular areas of Fuerteventura. Far too general in my opinion.
Quote from: waggy on August 27, 2018, 12:05:42 PM
Agreed, but Kyero info. seems to be based on official sources.
It also quotes the population is over a million??? just over a hundred thousand is nearer the mark surely, there are not a million people on Teneriffe!
https://en.wikipedia.org/wiki/Canary_Islands#Population_of_the_individual_islands
It would seem that Fuerteventura is the least populated island based on land area.
Not sure how accurate any information could be (especially resales). When part of the deal was often done for cash to avoid tax?
You'll have to do it the old fashioned way, Jill; ask a few estate agents to come and give you a pricing. Might be interesting to compare them.
Quote from: jill tie on August 28, 2018, 10:07:47 AM
Not sure how accurate any information could be (especially resales). When part of the deal was often done for cash to avoid tax?
Exactly my thinking. It's not like notarios have a column to included "associated tax-free cash gift" on the sale ;)
When it comes to valuations by estate agents, they are wildly influenced by their many ulterior motives.
Just try to sell a property here at more than you bought for. Very difficult. Most people who bought property here 15 years ago are selling at less than they paid for it. Fuerte is a good place to buy but not as an investment.
Quote from: Johnrgby2 on August 27, 2018, 13:24:15 PM
Quote from: waggy on August 27, 2018, 12:05:42 PM
Agreed, but Kyero info. seems to be based on official sources.
It also quotes the population is over a million??? just over a hundred thousand is nearer the mark surely, there are not a million people on Teneriffe!
About 8 times the population of Fuerteventura according to the Government employment stats.
Quote from: ashworth on August 29, 2018, 11:56:27 AM
Just try to sell a property here at more than you bought for. Very difficult. Most people who bought property here 15 years ago are selling at less than they paid for it. Fuerte is a good place to buy but not as an investment.
Not sure how true that is, although I am not up on actual selling prices. We bought less than two years ago & a couple of identical properties on our road have either sold or are on the market for roughly double what we paid
Quote from: ashworth on August 29, 2018, 11:56:27 AM
Just try to sell a property here at more than you bought for. Very difficult. Most people who bought property here 15 years ago are selling at less than they paid for it. Fuerte is a good place to buy but not as an investment.
Even if this is true 15 years ago they would have got an exchange rate of 1.5 euros to the pound, so technically in the exchange rate they will get more euros to pounds now (if they are from the UK). Taking inflation into effect the effect is more or less neutral . However whether they just use it themselves or have rented it out, they would have gained something whether it was monetary or pleasure.
Quote from: beachlife on August 29, 2018, 13:36:47 PM
Quote from: ashworth on August 29, 2018, 11:56:27 AM
Just try to sell a property here at more than you bought for. Very difficult. Most people who bought property here 15 years ago are selling at less than they paid for it. Fuerte is a good place to buy but not as an investment.
Even if this is true 15 years ago they would have got an exchange rate of 1.5 euros to the pound, so technically in the exchange rate they will get more euros to pounds now (if they are from the UK). Taking inflation into effect the effect is more or less neutral . However whether they just use it themselves or have rented it out, they would have gained something whether it was monetary or pleasure.
I don't know where your getting these numbers from
Today £100 will get you approx. â,¬112 whereas in the good old days it would got you â,¬150 approx. so please explain the "so technically in the exchange rate they will get more euros to pounds now (if they are from the UK). " bit.
I am guessing he means that 15 years ago a â,¬150,000 property would have cost £100,000 and if you sold it now for â,¬150,000 it would equate to approx £135,000 (at 1.11 euro to pound). Therefore a gross profit.
Quote from: raye on August 29, 2018, 14:11:28 PM
I am guessing he means that 15 years ago a â,¬150,000 property would have cost £100,000 and if you sold it now for â,¬150,000 it would equate to approx £135,000 (at 1.11 euro to pound). Therefore a gross profit.
So he should have written "They will get less Euro to the pound now" or more Pound to the Euro.
Maybe you could have worked it out!! It's not like it's rocket science.
Quote from: raye on August 29, 2018, 15:56:47 PM
Maybe you could have worked it out!! It's not like it's rocket science.
Somewhat misleading from a person who works with figures.
Quote from: vivafuerte on August 29, 2018, 19:04:50 PM
why does dagwood have to drag EVERY thread down the drain on here ?
he simply cannot play nicely!
Learnt that lesson viva blocked him at weekend.
I didn`t drag it down I pointed out a glaring stupid mistake. An eight year old child would see it. Too complicated for Viva.
Quote from: raye on August 29, 2018, 14:11:28 PM
I am guessing he means that 15 years ago a â,¬150,000 property would have cost £100,000 and if you sold it now for â,¬150,000 it would equate to approx £135,000 (at 1.11 euro to pound). Therefore a gross profit.
True about the benefits of a weak pound over the last 15 years but what will the exchange rate be in 10 years time? who knows. It also cost 10% to buy and 10% to sell so your property has to go up in value 20% before you make anything.
It is a fact that buying and selling costs are high, but i did state "gross profit". Also it depends on whether you are buying to try and make a profit or whether you are buying to be able to live/holiday on a fantastic Island relatively cheaply.
Fuerteventura isn't a place you would speculate in property. You'd be backing a losing horse. Prices are a lot lower than say, in neighbouring Lanzarote, but there's a very good reason for this.
Quote from: ashworth on August 30, 2018, 06:39:47 AM
Quote from: raye on August 29, 2018, 14:11:28 PM
I am guessing he means that 15 years ago a â,¬150,000 property would have cost £100,000 and if you sold it now for â,¬150,000 it would equate to approx £135,000 (at 1.11 euro to pound). Therefore a gross profit.
True about the benefits of a weak pound over the last 15 years but what will the exchange rate be in 10 years time? who knows. It also cost 10% to buy and 10% to sell so your property has to go up in value 20% before you make anything.
Its true that no one knows what the exchange rate will be in the future. It could go up or down who knows what will happen to any currency. However, the statement originally was about people who had bought in the past, we do know what the exchange rate was then.
Also you are assuming that everyone sells using an agent where the costs are high on Fuerteventura. If you sell privately the costs are considerably cheaper. I have no thoughts of selling but anyone who has no need to realise the asset quickly can sell their property privately, in fact just this year I have had 2 friends who have done this.
Quote from: beachlife on August 30, 2018, 10:21:54 AM
Quote from: ashworth on August 30, 2018, 06:39:47 AM
Quote from: raye on August 29, 2018, 14:11:28 PM
I am guessing he means that 15 years ago a â,¬150,000 property would have cost £100,000 and if you sold it now for â,¬150,000 it would equate to approx £135,000 (at 1.11 euro to pound). Therefore a gross profit.
True about the benefits of a weak pound over the last 15 years but what will the exchange rate be in 10 years time? who knows. It also cost 10% to buy and 10% to sell so your property has to go up in value 20% before you make anything.
Its true that no one knows what the exchange rate will be in the future. It could go up or down who knows what will happen to any currency. However, the statement originally was about people who had bought in the past, we do know what the interest rate was then.
Also you are assuming that everyone sells using an agent where the costs are high on Fuerteventura. If you sell privately the costs are considerably cheaper. I have no thoughts of selling but anyone who has no need to realise the asset quickly can sell their property privately, in fact just this year I have had 2 friends who have done this.
I would agree with that beachlife. There are so many Facebook pages these days advertising is not really a problem. I have seen a few local houses done this way. Possibly also makes it easier for “private†negotiations with a prospective buyer when there is less oversight 😁😁
If your thinking of selling you`d better do it soon because “word on the streetâ€has it there will be loads of properties for sale and a buyers market when the brits leave with their tails between their legs.
I don,t remember it hitting £1 = 1.50 Euro but it did early 2007.
So bored at work I found this
https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-EUR-2007
Quote from: jill tie on August 30, 2018, 13:08:06 PM
I don,t remember it hitting £1 = 1.50 Euro but it did early 2007.
So bored at work I found this
https://www.poundsterlinglive.com/bank-of-england-spot/historical-spot-exchange-rates/gbp/GBP-to-EUR-2007
I note those are mid rate prices for each day. I bought in cash in May 2005 and bought money for the sale in April with a currency dealer, told them to buy when the rate hit 1.5 euros to the pound.
So you are correct Jill if you are looking at the historical mean mid rates, but 1.5 was certainly available if you forward bought currency when it hit 1.5 euros to the pound. In fact my currency dealer at the time asked at the the time when it went higher than 1.5 did I want to buy more.
While on the site you posted the mid range in March/April 2004 are in the 1.5 range or above.
Only 3 years ago (July 2015) we bought a secondhand car in Gran Canaria, using Transferwise to carry out the transaction......
QuoteAll done! The money should arrive by Jul 21
The rate was 1 GBP = 1.4388 EUR, and the fee charged was £17.41.
We have also notified your recipient via email x*****wnna***@aol.com
£1 got you 1.71Euro in April 2000. I remember getting £1 for 1.62 for a deposit in 2002
Quote from: Grampiangranny on August 30, 2018, 14:06:18 PM
Only 3 years ago (July 2015) we bought a secondhand car in Gran Canaria, using Transferwise to carry out the transaction......
QuoteAll done! The money should arrive by Jul 21
The rate was 1 GBP = 1.4388 EUR, and the fee charged was £17.41.
We have also notified your recipient via email x*****wnna***@aol.com
I remember getting £1 = 1.44 Euro out of the Sol bank cash machine in Nov 2015. Since then it has gone weaker and since the Brexit vote it has tanked as well as against the Doller. Hence high petrol prices.
Quote from: dagwood on August 30, 2018, 12:34:00 PM
If your thinking of selling you`d better do it soon because “word on the streetâ€has it there will be loads of properties for sale and a buyers market when the brits leave with their tails between their legs.
Not sure where you get that from. The latest development of 48 completed villas on the Golf course all sold and the next development of villas and apartments being built are selling well. Prices are less than 10 years ago and are a much better quality of building.
Quote from: spitfire58 on August 30, 2018, 10:31:29 AM
Quote from: beachlife on August 30, 2018, 10:21:54 AM
Quote from: ashworth on August 30, 2018, 06:39:47 AM
Quote from: raye on August 29, 2018, 14:11:28 PM
I am guessing he means that 15 years ago a â,¬150,000 property would have cost £100,000 and if you sold it now for â,¬150,000 it would equate to approx £135,000 (at 1.11 euro to pound). Therefore a gross profit.
True about the benefits of a weak pound over the last 15 years but what will the exchange rate be in 10 years time? who knows. It also cost 10% to buy and 10% to sell so your property has to go up in value 20% before you make anything.
Its true that no one knows what the exchange rate will be in the future. It could go up or down who knows what will happen to any currency. However, the statement originally was about people who had bought in the past, we do know what the interest rate was then.
Also you are assuming that everyone sells using an agent where the costs are high on Fuerteventura. If you sell privately the costs are considerably cheaper. I have no thoughts of selling but anyone who has no need to realise the asset quickly can sell their property privately, in fact just this year I have had 2 friends who have done this.
I would agree with that beachlife. There are so many Facebook pages these days advertising is not really a problem. I have seen a few local houses done this way. Possibly also makes it easier for “private†negotiations with a prospective buyer when there is less oversight 😁😁
Been there tried that. It can end up a disaster.
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Quote from: VadimCr on April 14, 2022, 14:18:09 PM
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Quote from: VadimCr on April 14, 2022, 14:18:09 PM
There is a couple of services that might be useful for you, a lot of data enrichment companies that could help you with gathering useful info about companies you might need.
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Quote from: ElliotM on April 20, 2022, 09:29:20 AM
Quote from: VadimCr on April 14, 2022, 14:18:09 PM
There is a couple of services that might be useful for you, a lot of data enrichment companies (https://www.globaldatabase.com/data-enrichment) that could help you with gathering useful info about companies you might need.
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