The Latest Spanish Property News from Kyero.com

The Spanish overseas property market has just been given a massive new impetus by VIVA Estates, who have taken the unprecedented initiative of slashing their resales commission to a mere 2%, while at the same time introducing an in-house conveyancing service for vendors, at the accepted market rate of 1%.

This ground-breaking move is in response to current and projected market conditions in a region where, due to overwhelming demand, property prices have more than doubled since 1997 and where vendors need to have more flexibility over the selling price of their property and buyers need the reassurance of knowing that they are paying the true market value and not a penny more.

Commenting on this radical step, VIVA Estates MD, Chris McCarthy said, “We have always concentrated exclusively on selling property in Mediterranean Spain, and with eight years of experience and literally thousands of clients, we know the market inside out. VIVA are innovators in delivering enhanced levels of service to vendors and buyers alike.”

”.. For some time now, it’s been apparent to us that commission rates have needed to fall in line with market conditions, but before we could make such a fundamental move we obviously considered the implications very seriously, both in close consultation with our own staff and by sounding out, as much as has been practical, our industry partners. We’ll be ruffling a few feathers, I imagine, but although it’s early days the initial response from clients has been very encouraging as you would expect.”

“A resales commission of 2% is fantastic news for vendors and buyers alike, and a shot in the arm for the entire market.”

More information from VIVA Estates