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The two MOST EXPENSIVE areas on the Costa Blanca & Withdrawal of Tourist Rental Licences | Villalux
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Oct 29, 2024
As property and rental prices continue to rise across much of Spain, Romy from @villaluxestateagents joined Kal on Thursday afternoon to reveal which areas on the Costa Blanca have seen the biggest increases. There were also an update on the suspension of new licenses for tourism rentals, with Valencia city being one of the latest to take action. Please Like 👍 and Subscribe 🔔 to our channel if you found this useful Villalux Estate Agents 🌎 https://www.villalux.com / villaluxjavea ☎️ +34 96 579 40 59
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0:00
Bay radio International I'm car
0:01
Southerland R's here for our usually
0:03
bi-weekly feature where we look at all
0:05
aspects of the property Market here in
0:07
Spain our partners at Villa Lux have the
0:10
latest news on selling buying owning and
0:12
renting property here in Spain so if
0:14
you're thinking about moving have just
0:16
moved or lived here for longer our
0:17
regular updates are for you thanks for
0:19
uh compromising Romey and helping us out
0:21
with our diary clashes of course you're
0:23
you were missing me that's what happened
0:25
it was like you know two weeks is too
0:28
long right a number of things for to
0:30
look at this week Barcelona Banning
0:32
tourist Flats how much it costs to build
0:34
a 120 square meter house in Spain also
0:38
the news about average house prices
0:40
which has been coming out today uh with
0:42
a number of towns on the cost of blanca
0:44
coming up as the most expensive we'll
0:46
take a look at that and why that's the
0:49
way that that's come out in that
0:50
particular survey but first of all then
0:52
Barcelona city council have done a
0:54
U-turn H Kon the mayor of the Catalan
0:58
Capital presenting his plan to tackle
1:00
the problem of access to housing in
1:02
Barcelona with skyrocketing and
1:04
increasingly expensive rental prices we
1:07
know that this is happening in a number
1:08
of other towns and islands of course
1:10
with the Canary's concerned there across
1:12
the country I'm not sure if I got a nod
1:14
from Moody there on the pronunciation of
1:16
them or that was was a shaking of the
1:18
head as he's filming what we're doing
1:20
today but anyway I think I got away with
1:22
it um so yeah we are seeing this not
1:24
just in Barcelona but it's been recently
1:27
in the news in in malago in Madrid also
1:30
on the Costa Blanca and in the Canary
1:32
Islands and a very difficult situation
1:34
for uh governments but much more so for
1:37
the people who are living in these areas
1:39
yeah I mean especially in the coastal
1:41
areas and well don't will be the same in
1:43
Barcelona we all know it there's a lot
1:46
of investors that that come to these
1:47
places they would like to to buy
1:49
something um to invest to rent it out
1:52
and and that will become well a lot less
1:55
attractive Val about the the the Oldtown
1:58
earlier this week as well where they
2:00
basically found that they haven't got
2:01
very many apartments that locals can
2:03
afford to buy yes or even sorry rent or
2:06
even rent cuz it's it's in both both
2:08
Place basically rentals um sales as well
2:12
the prices have just gone up a lot and
2:14
of course that's a thing worldwide but I
2:16
think especially these areas here along
2:18
the coast in the bigger cities they're
2:20
quite I mean people want to move there
2:22
they're just very very attractive to
2:24
those kind of people and and uh it makes
2:27
sense I understand it um but it's not
2:29
always good for the locals exactly how
2:31
you're saying yeah and the Minister of
2:33
Housing and Urban planning at a a
2:35
central government level Isabelle
2:36
Rodriguez has defended these proposals
2:39
uh to uh uh for for them given them
2:42
their full support but ultimately
2:44
somewhere along the line it's
2:46
governments that can do something about
2:47
this by making sure that there are
2:49
building even affordable housing uh for
2:52
people without having to go through the
2:53
situations where they're actually
2:55
Banning people from coming in and buying
2:57
yeah I mean that's you know everybody
2:59
has their personal opinion on that
3:00
obviously like I personally think that
3:02
banning is not always a good thing to do
3:04
um because it yeah maybe you solve a
3:07
problem on on this side but you're
3:09
creating a problem on the other side and
3:10
we cannot close our eyes for the fact
3:12
that in the end you know investors you
3:14
might like them you might not but they
3:15
do bring a lot of wealth to to certain
3:17
areas and you know they give a boost to
3:19
the economy um in certain ways as well
3:22
so I mean yeah I think there should be
3:24
some regulations and then I think that's
3:26
exactly what she's talking about like
3:28
you know you don't have to always B it
3:30
but there are all different ways in
3:31
which you could try to solve the problem
3:33
exactly as you were just saying you
3:35
could start building more new properties
3:38
new new homes um and and that's that's
3:41
also a thing because at this moment
3:44
because there's just not that many
3:45
houses available you will see people
3:47
look starting to look more into NE
3:48
builds and all these kind of things so I
3:50
mean there's different ways how you
3:52
could tackle it's getting the balance
3:54
isn't it making that right balance I
3:55
mean the bank of Spain who also could
3:58
have a hand in helping this out it's
4:00
Deputy Governor margarit elgardo said
4:01
that it's a good it's good to act on the
4:04
supply of rental housing to put more
4:05
properties on the market when asked
4:07
about the decision by Barcelona to
4:10
abolish tourist Flats uh increasing the
4:12
supply is fundamental to influencing the
4:15
housing market she said in this case
4:17
specifying that it would be good to act
4:18
on the supply side and increase rental
4:21
housing well Spain has this bad uh bank
4:23
doesn't it called sarb which still has
4:25
lots of properties left over from 2008
4:28
some finished some half finished some
4:31
just started to have been built and and
4:32
we've seen them they're all over Spain
4:34
certainly there's an area that could be
4:36
tapped affordable housing exactly like
4:38
that's one of them but then you know
4:40
even here in Javier when you walk around
4:42
you see nice properties along the beach
4:43
along the coastline you know that there
4:45
would be buyers for that definitely and
4:47
there's just reasons why they are still
4:49
empty I mean there's a few urbanizations
4:51
and jav it's not that bad because I feel
4:52
like you know there's more more people
4:54
living here actually all year round but
4:56
you do see those houses where the garden
4:57
is just you know not maintained you can
5:01
even if you walk between the port and
5:02
the aronal uh you can see that there are
5:05
a number of properties there that just
5:06
have been left and they're basically
5:08
falling down and I guess they're wrapped
5:10
up in some kind of legal uh issues
5:13
that's normally what it is that's the
5:15
thing and it's a lot with inheritance as
5:16
well because obviously in Spain a lot of
5:18
properties get passed on from generation
5:20
to generation and what you see is what
5:22
happened a lot of times is where you
5:24
know the children they move move out of
5:25
javat or wherever it is they go to the
5:27
city because they work there they don't
5:29
really often come here anymore and they
5:30
got this property and some siblings
5:32
might say like okay we want to sell
5:34
others might you know might not like
5:37
that they just get you know have a
5:39
disagreement on price and if they're not
5:42
all agreeing on it the house will just
5:44
sit there empty and and as you're saying
5:46
I mean there's there's first of all
5:48
there's investors but there's also a lot
5:49
of local people that just need housing
5:51
so it's it's a shame but it's just the
5:54
way it is and as you're saying it's up
5:55
to the governments to so they certainly
5:57
have to come to a better way of deal de
5:59
with it because just Banning people of
6:01
being allowed to buy properties isn't
6:03
the way forward but we we're already in
6:05
the situation where people who were can
6:07
live in these areas are no longer able
6:09
to afford uh to even rent so I I can see
6:13
why they're going to that extreme right
6:15
now but it shouldn't have come to that
6:16
in the first place but need to find out
6:17
a way to get out of it yeah and and it's
6:19
and it's also not in my opinion it's not
6:21
going to be a very long-term solution
6:23
because in the end what are you going to
6:24
do you know like this this this town for
6:26
example right now I mean it's tourism is
6:29
one of the is it's one of the main
6:31
drivers for the economy here and if
6:33
you're going to make that less and less
6:35
attractive I mean what's going to be
6:36
left over so like I feel like the
6:39
balance is so important and these
6:41
Extreme Measures I understand where
6:42
they're coming from as you're saying but
6:45
yeah I think we'll jump to the to the
6:47
average house prices in Alan Javier
6:50
before we look at uh you know the
6:51
possibilities about building a property
6:53
in Spain because the story that we were
6:56
talking about at the top there uh was
6:58
that Al and Javier are among the
7:00
municipalities with the most expensive
7:02
housing in Spain with the average prices
7:04
of
7:05
960,000
7:07
185,000 respectively that's according to
7:10
idealista the Real Estate website the
7:12
leader though benah hav is with just
7:15
9,200 inhabitants on the cost Del so
7:18
with average prices of get this over
7:20
2.23 million locals have just not got a
7:23
chance in in that situation but uh I
7:26
think you uh and and the boss Danny have
7:28
been looking at the detail here here and
7:29
working out exactly um why those figures
7:32
are what they are and and how to explain
7:34
them a little better I mean it's an
7:36
article it got my attention as well
7:38
because of course you you see that price
7:40
850,000
7:41
average as I go I mean obviously prices
7:44
have been going up so that it does make
7:46
somewhat of a sense but still you got a
7:48
lot of Apartments here and what they've
7:50
done here is they took an average of
7:52
course of the properties that are
7:52
currently for seale because that's the
7:54
only way you can get to this to this so
7:56
what they have on the books right now
7:57
yeah exactly and it is just fact that
7:59
there's not many let's call it cheap or
8:02
affordable apartments available anymore
8:04
because of reasons we were just talking
8:05
about everything that's available seems
8:07
to be from about 500,000 up exactly so
8:10
it doesn't mean that's how they've got
8:11
to that average yeah so it doesn't mean
8:13
that there's no apartments available
8:15
that do well that there's nothing that's
8:17
nothing there it's just not for sale so
8:19
it's not being taken into that average
8:22
high high price they're quoting um is
8:25
just based on what's available right now
8:27
not necessarily across the board uh of
8:29
what what has been available in the past
8:31
for exactly but I have to say I mean
8:33
we're talking about it more often here
8:35
on these shows um yeah the prices have
8:38
gone up a lot so like you know what you
8:39
could get let's say five six years ago
8:42
for €800,000 you can't get that anymore
8:45
these days no I know so that's that's
8:47
that's still what's going on there been
8:49
some quotes from various parts of the uh
8:51
real estate sector uh saying that
8:53
restricting the purchase of housing by
8:55
foreigners could keep housing prices
8:57
more affordable for local residents and
8:59
reduce speculation bringing stability uh
9:02
to the market but of course that's going
9:03
to reduce foreign investment and could
9:05
affect the local economy as well as
9:07
reduce demand for new builds and that
9:08
impacts employment in the construction
9:11
sector it's not a one fix for all
9:14
problems is it all situations yeah
9:15
that's I mean that's what we were just
9:16
talking about like it's exact it's
9:18
exactly that I mean you know you solve a
9:20
problem on one side and you can create
9:22
or possibly create a problem on the
9:24
other side and that's why I mean it's
9:26
really about finding the balance but to
9:27
be honest yeah I'm happy I'm not part of
9:30
the government because I wouldn't know
9:31
where to start either because it's it's
9:33
just it's it's it's a tough problem um
9:35
but yeah it needs to be solved
9:37
affordable housing that's where they
9:38
need to start because that's where the
9:39
real problem is exactly um and I guess
9:42
you know the their initial uh sort of
9:44
big knee-jerk reaction is to ban sales
9:47
in some of these areas that we've been
9:48
seeing yeah okay let's say uh that um
9:52
there isn't something that you might
9:53
like to find and we've talked before uh
9:56
about the way that different people
9:57
approach how they look for property and
9:59
the sort of things that they're looking
10:00
for and how difficult it can be
10:02
sometimes as a real estate agent to find
10:03
the sort of property that a person might
10:05
want of course the answer to that is
10:08
build so um so so tell us about building
10:12
say 120 M Square house in Spain that's
10:17
the right kind of size that most people
10:19
would be happy with yeah I mean I came
10:20
across this article on ad alista again
10:22
we're quoting a lot of idealist today
10:24
they doing a lot of our work for us
10:26
exactly yeah um yeah that's about
10:29
how much does it cost to construct a
10:31
house of 120 square meters and yeah they
10:35
come out around um
10:37
96,000 so the average price per
10:40
constructed square meter is somewhere
10:42
between 800 and
10:44
,500 on average here in Spain um but
10:47
yeah that that's the same thing it's
10:49
again on average here in Spain if we're
10:51
looking just zoomed into for example
10:53
javia I mean here you can think bit more
10:56
like around the
10:58
2,500 say if you look at where
11:00
properties are a bit more expensive then
11:02
expect to spend a little bit more if
11:03
you're building yourself it's relative
11:05
to what the market is exactly and
11:07
there's a lot of people doing reforms
11:08
here they're doing new construction I
11:10
mean word reforms which is you know we
11:12
didn't use it in English really it was
11:14
always it was always renovate and but it
11:16
but actually once once once British
11:18
people come to Spain they pick up on and
11:19
newed reform as well um so yeah why is
11:22
that I don't know it's just the way it
11:24
is I guess it was a direct translation
11:26
and then that's basically what everybody
11:28
says now I imagine I don't know but yeah
11:32
we would say renovate usually in the UK
11:33
but it's reforms here in Spain but of
11:35
course there's a lot of that going on as
11:37
well one of the bay radio advertisers at
11:38
the moment is exactly that talking about
11:40
picking up an old property and U well
11:43
basically specking it up to the 21st
11:45
century you know yeah I mean that's what
11:47
a lot of people are doing is that's like
11:48
a booming market right now and and and
11:50
that's that's what's happening as well
11:51
because because of that I mean a lot of
11:54
Builders and construction companies
11:55
they're so busy um and there's just so
11:59
much more demand than what they can
12:01
handle especially the good Builders
12:02
around and of course that's one of the
12:04
reasons why that price goes up as well
12:06
it's like the simple supply and demand
12:08
so for a new property if you're building
12:10
you said 96 to maybe even 180,000
12:13
depending on where that's not bad
12:15
actually if you compare to the current
12:17
market prices for for
12:19
properties yes yes I know but it's not
12:21
included in the plot is not still you
12:24
still have to buy that yeah and again I
12:26
mean it's just so different per area
12:28
it's always it's funny when you see
12:30
these articles because they're talking
12:32
about these averages but Spain is in the
12:34
end it's not like a very big country but
12:37
every autonomous region is different
12:39
attracts different types of people every
12:41
town is different so it's hard to just
12:43
look at averages there and of course
12:45
there are lots of rules and regulations
12:47
as well which might put some people off
12:48
about building but um but I think over
12:51
the years you know if we go back 10 20
12:53
years um it it was a little there were a
12:56
lot of horror stories around not so much
12:57
now the regulations are pretty more a
12:59
lot more clearer and um you can you can
13:02
build in Spain without worrying too much
13:04
about those sorts of issues the horror
13:06
stories that we heard in the past I
13:08
think it's probably a bit easier yeah I
13:10
mean
13:11
easier it gets all it's all bit more
13:14
controlled so yeah that's the thing back
13:16
in the days you could build I mean buy a
13:18
plot of land it's like the typical
13:20
stories isn't it like build something
13:22
and then find out that it can't have
13:23
water or electricity but those dayss are
13:25
gone that the building shouldn't be
13:27
there in the first place anyway um now
13:29
you go through a process before you even
13:31
start building I mean you should that
13:33
that's that's a little bit thing um and
13:36
the I mean the thing with that is that
13:38
it does take long to get licenses I was
13:40
going to come back come to that so
13:42
whilst you know it's a good idea and the
13:45
prices can be better you have to give it
13:47
a little bit of a time period as well
13:49
and so from starting finding a plot to
13:52
finishing a property what sort of time
13:54
frame you talking about just say for
13:55
average on the cost I mean on average
13:57
again it depends it's per town is
14:00
different like you could have one town
14:02
that's like you know you can get it in
14:03
four weeks uh sorry four weeks four
14:05
months and then the the town right next
14:07
door to it could be 3 years like that
14:09
that's that's how how how big the
14:11
differences can be that because they
14:13
have so many different rules or it just
14:15
takes longer to get longer it takes
14:17
longer there's like more it's just how
14:19
the local Town Halls work and like how
14:20
the workload they they they got like the
14:22
amount of people that are working and I
14:25
mean in Java it's just over a year at
14:27
this moment to uh um to get a building
14:30
building license yeah and from then on
14:33
it usually takes about like 12 to let's
14:35
say 14 months on average house you
14:39
mentioned when we when we discussed what
14:40
we're going to talk about today is the
14:42
fact of availability of workmen and
14:46
people to build and and you know not the
14:48
professionals really you know the
14:49
electricians the you know the people the
14:51
Carpenters all the rest of it you know
14:53
the people who put the tiles on the
14:54
roofs even if you if you're doing if
14:55
you've got a you know tiled roof finding
14:58
those skills workers and the right
15:00
workers is also very difficult right now
15:04
it is that's what yeah that's what we're
15:05
just talking about is like literally the
15:08
good ones people know that they're good
15:09
and that's why they're busy and and you
15:11
know to to get one of them it's it's
15:13
it's just you got to wait and you're
15:15
already waiting I mean what I would
15:17
recommend really when you think about it
15:18
is is that that you try to find a
15:21
builder or like a construction company
15:22
you want to work with then obviously
15:25
apply for the license and then I think
15:28
like when that's that's all done they
15:30
should be available to start working on
15:32
your project yeah use the time sens
15:35
exactly because if you start looking at
15:37
a builder after you already got your
15:38
license you can just add another year to
15:41
it probably so uh the start is find a
15:43
plot I guess yes that's another thing go
15:46
through the legalities of that because
15:48
there are legal things involved there
15:49
also yeah um yeah there are I mean it's
15:52
it's kind of it's It's relatively
15:54
similar to to buying a property the only
15:56
thing is that you really got to check
15:58
what possible with this plot so with a
16:00
property you kind of know okay this is
16:02
the house this paperwork it's all
16:03
correct blah blah blah but with with the
16:05
plot you need to check can you connect
16:07
it up to the water can you connect it up
16:09
to electricity um there are various
16:11
different things we were talking about
16:12
this with our partners at pel and Heria
16:14
the other day about um some of the
16:16
things that people perhaps don't think
16:17
about in that scenario it's worth
16:20
getting proper legal advice as well you
16:22
got proper legal advice and talk to to
16:24
an architect as well because a lot of
16:26
times people have a certain image of
16:28
their dream house in their head and in
16:30
the end they go to an architect and
16:31
they're like okay look the town hall is
16:33
not going to allow this type of roof in
16:35
this area because there's a regulation
16:37
that says it has to be like that and
16:38
there's all these little things you have
16:40
to think about realized obviously you
16:42
know certainly when we talk about Javier
16:44
that there properties are meant to be
16:46
three stories and not above that but um
16:48
there are a few that are that still seem
16:50
to be there um but generally they don't
16:53
you don't see any more being built over
16:55
three uh stories now so that's certainly
16:57
in this particular town um but um you're
17:00
right I hadn't really thought about you
17:01
know size of rules generally as being
17:04
something that people might uh actually
17:06
come across so yeah you got to find the
17:08
right design and know that it's allowed
17:10
in the area that you you're you're
17:11
moving to yeah and it's the same like
17:13
here in Javier you can construct let's
17:15
say more or less 20% of your plot size
17:19
but when you go to morira all of a
17:21
sudden that's 30% and that just kind of
17:23
shows how how different yes yeah and
17:27
then that that's why it's really
17:28
important to talk to a local hisor or
17:30
lawyer really because all these rules
17:33
they're just different in every town I
17:35
think yeah that's important isn't it I
17:36
mean you can find somebody who knows
17:38
about property in Spain but uh if you
17:40
once you've local once you got it down
17:43
to the area where you want to be you got
17:45
to speak to the people on the ground to
17:46
know about the latest developments and
17:48
rules and regulations yeah yeah it's
17:50
it's a it's a process and it can be
17:52
difficult at times but ultimately
17:54
worthwhile yes I mean that's in the end
17:56
the go isn't it when you build your own
17:58
home like you want to it to be perfect
17:59
for you and it's still possible it's
18:01
just I know yeah all right then you can
18:03
check out the properties vux has
18:05
available www. vu.com you can speak to
18:08
Romey or Max on 9657 n459 and join us
18:12
here on Bay radio International usually
18:14
twice a month to stay a breast of all
18:16
the latest developments on living here
18:18
and owning or renting a property in
18:20
Spain of course uh Villa luux and Bay
18:22
radio YouTube channels and our websites
18:25
and social media have full details and
18:27
if you have any questions about anything
18:28
you've heard today or anything else of
18:29
course then you can contact us via the
18:31
usual WhatsApp 684-4595
18:59
great to see you thank you very much
19:00
indeed likewise cheers
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