SHN Aims to Boost Confidence of Home Buyers and Agents
July 26th, 2010
The Spanish Homes Network (SHN) furthered its initiative to bolster confidence and credibility in the country’s residential sector this week.
Speaking at a press conference in London, SHN managing director Jose Manuel Luque outlined the networks’ intention to offer greater reassurances to both international agents and final customers.
“For all homes listed on the portal we collaborate with one of the four most prestigious law firms who then issue legal certificates which verify the investment security and habitability of the property,” he said.
Properties listed on the ‘master agents’ portal are all therefore completed buildings and are endowed with full legal security and approval from the regional Spanish authorities.
Speaking to OPP Luque said these measures mean that “foreign agents no longer have to travel to Spain to check and certify properties. The SHN provides all information necessary to complete sales.”
“We are trying to change the image that Spanish real estate has with overseas property buyers. There has been a lack of confidence in recent years which has created a big problem in Spanish real estate,” said Luque.
There are believed to be around 1 million unsold properties littered around Spain. Echoing the comments of Crest Group International chief executive Ian Waudbry (OPP News, 8th June) Luque said he believes now is the right time for overseas agents to re-apply themselves in the region as property prices are definitely reaching their “bottom-level.”
Story from OPP
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This is interesting, but what entity will stand behind the gurantees – even merely reassurances- that the property purchases will be safe? The statemen that Spanish property prices may be hitting the bottom- which I doubt- doesn’t say anything about when they might go back up. I expect they will stay in a trough for some years.
http://spanishhomesnetwork.com is the website but a quick look would seem to show a very limited number of what seem to be new developments e.g. in Almeria and a very limited number of locations.
Not really much help to someone who is wanting to check whether their potential new home is legal.
I go back to a point I made previously, that it would be really helpful if the Regional Government had a website, which would give a yes or no for the legality of a property.
Maybe such a website exists but I am not aware of it.
http://www.goolzoom.com provides some useful info on catastral references but I don’t know how up to date etc.
The SHN site itself is down so much of the time, one speculates about its own ability to deliver professional standards and levels of service!!