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September 24, 2013

To buy the property in cash will come to 50% cheaper

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To buy the property in cash will come to 50% cheaper

The purchased property of second market between April and June, 60% was paid in cash. By paying cash, the buyer saves on costs such as mortgage interest, the official property valuation, mortgage arrangement fees, insurance life mortgage holder and much more, as well as getting more benefits and ample opportunity to negotiate over the cost of a house or apartment.

Not everyone can afford to buy the coveted housing, but if you're one of those lucky ones, we can safely say that buying a property in Spain is much cheaper if you pay for a new purchase in cash. Furthermore, it gives many advantages for the buyer.

According to a recent official report published by the University Pompeu Fabra in Barcelona (Universidad Pompeu Fabra), during the third quarter of 2013 to 58.43 % operations on purchase and sale of a resale property, the deal was made precisely with cash. This is a considerable percentage of over 60 % in cities such as Barcelona.

According to the results of statistics may also be obtained approximate portrait of the potential buyer of Spanish real estate. In this case, it is a medium and small investors, who are over 55 years old, able to completely pay for the purchase of real estate, without the need for banking institutions and mortgage. Buying real estate has become an alternative way of investing money in the era of mass distrust of the credit and financial institutions. Therefore, many people prefer to invest in real estate, rather than to invest their money in a bank or other assets.

To buy real estate for cash, there are many important reasons. The most important among them – this is a substantial savings on all sorts of commissions and fees, which are charged banking institutions for the discovery of a mortgage loan. And do interest to be paid monthly over the years. In addition, a necessary condition for the opening of a mortgage loan – official assessment of the property before you buy, can also be avoided, thereby saving a decent amount.

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