News & Facts
News & Facts
Press release "Safe Purchase", December 2009
AGENCY UNDER DUTCH MANAGEMENT “REALIS REALTY” FIRST OFFICIALLY CERTIFIED “SAFE PURCHASE SPAIN” ESTATE AGENCY PARTNER
“From the moment we were approached by the Director of Safe Purchase Spain, we felt it was a good idea”, say Henk and Marcel Otten, Directors of Realis Reality, a Dutch company which has been operating on the Costa Blanca, where their offices are based, for over 20 years. “Sadly, the industry is not protected. Anyone can start a real estate agency with or without any knowledge of the property market. As a long established company we feel it is very important that buyers can rely on the professionalism of their chosen agency which is why this is such a very good initiative. Agencies who pride themselves on the quality of their service will feel that this Guarantee gives certified assurances to buyers that the property in unencumbered.
The Spanish market has had some bad press in recent years and together with the world’s credit crunch, prices have inevitably dropped. However, on the positive side, there really has never been a better time to buy and at Realis Realty all the homes we market now offer buyers the protection of a 20 year Safe Purchase Guarantee”.
Safe Purchase Spain, is a recently launched partnership network to bring confidence back to the Spanish buying market place. By linking with Safe Purchase Certified Partners such as Realis, buyers know they are working with estate agents committed to the highest standards of professional practice who include the Safe Purchase Guarantee as an inclusive part of their services.
“We anticipate that within a short period, buyers will automatically look for an agency that is a Certified Partner or if buying privately, that the vendor is marketing under the banner of Safe Purchase Spain”, says Ian Hawkins, Director of Safe Purchase Spain.
Safe Purchase Spain is operating in Spain, Balearics and Canary Islands and provides insurance cover against fraud, identity theft, illegal building licenses, demolition orders, community disputes, unfair quotas, hidden defects, vendors and builders debts, administrative procedures, access problems, hidden leases, defective property sizes, border disputes, land registry inscription problems, illegal vendors and much more.
It is underwritten by Caser Seguros, one of Spain’s largest residential insurance companies and provides cover for 20 years from the first day of ownership and up to 360,000 euros in compensation for monetary losses.
•The Safe Purchase Guarantee provides:
•20 years protection based on the 130 year old US model of title insurance
•Free home contents insurance for 12 months
•Savings of at least 200 euros on legal fees
•Annual savings of up to 25% on home, health, life, car and funeral insurances
•Preferential advertising rates with www.holidaylettings.co.uk
•Guaranteed exchange rates and savings on bank charges with Moneycorp
Added Realis Realty, “Whilst Spain has had some bad press, one must remember it is a huge country which at its height was selling thousands of properties a year. Therefore the relatively small number of people caught in various land ownership disputes were extremely unfortunate.
Having said that, it is important that no one else should find themselves in such a situation without legal support and the possibility of financial compensation. This is why we feel very strongly that the way forward is through Safe Purchase Spain.”
Concludes Ian Hawkins, “To date we have had a marvellous response from established agencies and legal offices, keen to be part of the partnership and we intend to continue its rapid growth to enable buyers from around the world to buy in Spain, without fear”.
For more information: click on the "Safe Purchase Partner" logo on the homepage of our website or on www.safepurchasespain.com.
A recent study about the Spanish property market:
Click on this link: http://prices.kyero.com/files/2010/07/kyero-spanish-property-market-summary-q2-2010.pdf
