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Why are some houses in the old town so cheap?

Posted: Fri May 28, 2021 11:11am
9 replies230 views5 members subscribed
Monika

Posts: 4

Joined: 28 May 2021

I am intending to relocate to the Arcos de la Frontera area this summer and have been looking at house prices in Arcos. There are quite a number of houses in the old town and at the edge that seem incredibly cheap, like around £60000 for a 2/3 bedroom house. It even looks like they are generally in good condition and need barely more than cosmetic work. As I am aware that there are problems with illegal houses in Spain I am of course suspicious but can't see how these old buildings can be illegal. I wonder if anyone can offer any explanations and if there are maybe other things I need to watch out for. Many thanks in advance for your thoughts.....

Gerry 100

Posted: Sun May 30, 2021 1:39pm

Posts: 5

1 helpful points

Joined: 1 Apr 2021

Posted: Sun May 30, 2021 1:39pm

Hi I'm in the UK and also looking to buy and also have the same suspicions as you. property seems very cheap compared to other regions of Spain. I have been told that the property should have a habitation certificate and speak to a reliable English speaking solicitor. also estate agents photos leave a lot to be desired they really only show what they want you to see and seldom show photos of the outside of the building I've also tried to get the exact location of properties so I can view them from Google earth. I intend to get out there as soon as I can and have a good look around I'm sure there is expats there but not many on this site good luck

Jeremyc70

Posted: Mon May 31, 2021 8:21am

Posts: 6

2 helpful points

Joined: 28 Oct 2020

Posted: Mon May 31, 2021 8:21am

Hello,

I have lived very close to Arcos since 2004 and love the area. I have seen the price of property go from being very cheap in 2004/2005 to overpriced (just before the 2008 financial crisis) and return to very cheap again. Like every location it is a question of what the market can sustain. Arcos is generally a very poor town. Unemployment is high and wages are low and that will be reflected in property prices. For someone coming from the UK, this represents great value compared to an average UK town. Take your time to look around the area, use a good gestor to check all the paperwork and you should be fine. Good luck with your search.

Concept Architectural Workshop

Posted: Mon May 31, 2021 10:01am

Posts: 63

30 helpful points

Joined: 12 Feb 2019

Posted: Mon May 31, 2021 10:01am

Monika wrote on Fri May 28, 2021 11:11am:

I am intending to relocate to the Arcos de la Frontera area this summer and have been looking at house prices in Arcos. There are quite a number of houses in the old town and at the edge that seem incredibly cheap, like around £60000 for a 2/3 bedroom house. It even looks like they are generally...

... in good condition and need barely more than cosmetic work. As I am aware that there are problems with illegal houses in Spain I am of course suspicious but can't see how these old buildings can be illegal. I wonder if anyone can offer any explanations and if there are maybe other things I need to watch out for. Many thanks in advance for your thoughts.....

Morning Monika,

I have an Architectural Practice in Chiclana and are well aware of the misleading property prices, not only in Arcos but all around Costa de la luz region. You have received good advice thus far from other members of the group, however our practice experience tells us if the price is too good to be through, there is normally an existing planning issue or a site zoning issue. For instance is the property and building on a site permitted to be developed in the first place, or is the building currently on the property totally complaint with the current planning legislation imposed by Arcos planning authority. All these factor if not complaint 'could' result in the property being listed as 'good deal'. However if you dig a bit deeper the truth will normally surface. Furthermore, some letting agents can be slow to divulge all the important compliant planning information or can in some cases, mislead the potential buyers. This is why a good legal representative is always vital to assist you with local knowledge of the area.

We would recommend Temple Cambria based in Conil. English speaking solicitors is great experience in assisting the English speaking community in purchase agreements. Speak with Juan Antonio.

[email protected]
(+34) 617 073 669

https://www.templecambria.com/en/juan-antonio-rodriguez-garcia/

And finally if you have any other planning related queries or require a building inspection before purchase, we can offer our assistance.

https://www.conceptarchitecturalworkshop.com/

684376110

[email protected]

Regards and best of luck.

Adrian.

Darrenco

Posted: Mon May 31, 2021 10:24am

Posts: 16

3 helpful points

Joined: 10 May 2020

Posted: Mon May 31, 2021 10:24am

Concept Architectural Workshop wrote on Mon May 31, 2021 10:01am:

Morning Monika,

I have an Architectural Practice in Chiclana and are well aware of the misleading property prices, not only in Arcos but all around Costa de la luz region. You have received good advice thus far from other members of the group, however our practice experience tells us if the price is too good to ...

...be through, there is normally an existing planning issue or a site zoning issue. For instance is the property and building on a site permitted to be developed in the first place, or is the building currently on the property totally complaint with the current planning legislation imposed by Arcos planning authority. All these factor if not complaint 'could' result in the property being listed as 'good deal'. However if you dig a bit deeper the truth will normally surface. Furthermore, some letting agents can be slow to divulge all the important compliant planning information or can in some cases, mislead the potential buyers. This is why a good legal representative is always vital to assist you with local knowledge of the area.

We would recommend Temple Cambria based in Conil. English speaking solicitors is great experience in assisting the English speaking community in purchase agreements. Speak with Juan Antonio.

[email protected]
(+34) 617 073 669

https://www.templecambria.com/en/juan-antonio-rodriguez-garcia/

And finally if you have any other planning related queries or require a building inspection before purchase, we can offer our assistance.

https://www.conceptarchitecturalworkshop.com/

684376110

[email protected]

Regards and best of luck.

Adrian.

I think you’re missing the point regarding Arcos old town.

It’s nothing to do with zoning, planning or the low prices being too good to be true.

The plain fact is that they are an absolute bargain.

Most houses in the old town need some work and local people don’t generally have the money to do it. They tend to live in the newer areas outside of the old town which also have much better car access.

Consequently the old town is stunning value.

Monika

Posted: Mon May 31, 2021 10:41am

Monika

Original Poster

Posts: 4

Joined: 28 May 2021

Posted: Mon May 31, 2021 10:41am

Jeremyc70 wrote on Mon May 31, 2021 8:21am:

Hello,

I have lived very close to Arcos since 2004 and love the area. I have seen the price of property go from being very cheap in 2004/2005 to overpriced (just before the 2008 financial crisis) and return to very cheap again. Like every location it is a question of what the market can sustain. Arcos i...

...s generally a very poor town. Unemployment is high and wages are low and that will be reflected in property prices. For someone coming from the UK, this represents great value compared to an average UK town. Take your time to look around the area, use a good gestor to check all the paperwork and you should be fine. Good luck with your search.

Many thanks for this helpful information about Arcos. This is very reassuring and we will check out the area in due time.

Darrenco

Posted: Mon May 31, 2021 11:30am

Posts: 16

3 helpful points

Joined: 10 May 2020

Posted: Mon May 31, 2021 11:30am

Monika wrote on Mon May 31, 2021 10:41am:

Many thanks for this helpful information about Arcos. This is very reassuring and we will check out the area in due time.

Try milanuncios:

https://www.milanuncios.com/venta-de-viviendas-en-arcos-de-la-frontera-cadiz/?fromSearch=1&orden=baratos

Monika

Posted: Mon Jun 7, 2021 9:51am

Monika

Original Poster

Posts: 4

Joined: 28 May 2021

Posted: Mon Jun 7, 2021 9:51am

Thanks everybody for your helpful comments! Much appreciated.

Monika

Posted: Mon Jun 7, 2021 9:55am

Monika

Original Poster

Posts: 4

Joined: 28 May 2021

Posted: Mon Jun 7, 2021 9:55am

Concept Architectural Workshop wrote on Mon May 31, 2021 10:01am:

Morning Monika,

I have an Architectural Practice in Chiclana and are well aware of the misleading property prices, not only in Arcos but all around Costa de la luz region. You have received good advice thus far from other members of the group, however our practice experience tells us if the price is too good to ...

...be through, there is normally an existing planning issue or a site zoning issue. For instance is the property and building on a site permitted to be developed in the first place, or is the building currently on the property totally complaint with the current planning legislation imposed by Arcos planning authority. All these factor if not complaint 'could' result in the property being listed as 'good deal'. However if you dig a bit deeper the truth will normally surface. Furthermore, some letting agents can be slow to divulge all the important compliant planning information or can in some cases, mislead the potential buyers. This is why a good legal representative is always vital to assist you with local knowledge of the area.

We would recommend Temple Cambria based in Conil. English speaking solicitors is great experience in assisting the English speaking community in purchase agreements. Speak with Juan Antonio.

[email protected]
(+34) 617 073 669

https://www.templecambria.com/en/juan-antonio-rodriguez-garcia/

And finally if you have any other planning related queries or require a building inspection before purchase, we can offer our assistance.

https://www.conceptarchitecturalworkshop.com/

684376110

[email protected]

Regards and best of luck.

Adrian.

Thank you Adrian

I had wondered about illegal additions to old buildings which will most likely be listed....as others also said to have a good legal person and a watchful eye should hopefully prevent buying into trouble.

Thanks again

Concept Architectural Workshop

Posted: Mon Jun 7, 2021 10:15am

Posts: 63

30 helpful points

Joined: 12 Feb 2019

Posted: Mon Jun 7, 2021 10:15am

Monika wrote on Mon Jun 7, 2021 9:55am:

Thank you Adrian

I had wondered about illegal additions to old buildings which will most likely be listed....as others also said to have a good legal person and a watchful eye should hopefully prevent buying into trouble.

Thanks again

Happy to help and best of luck ;)

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