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