Lanzarote Relocation

Posts Tagged ‘Property in Lanzarote’

Any property or loan transaction requires the involvement of professionals
who want to get paid for their services, and, of course, the tax office doesn’t
want to miss out. Read the rest of this entry »

There are some things that should always be done before buying a property in Lanzarote. A reputable agent or mortgage lender will do this for you – but at least you will know ahead of time to be ready to ask them. Read the rest of this entry »

We all like to be a bit canny with our funds… saving money in one area gives you more income to splash out in another. So how can you save money on your property in Lanzarote?

Here are our top tips to start the ball rolling.

1. Negotiate the price. Don’t accept the asking price straight away – particularly in the current climate, there are always deals to be made. This applies not only to properties for sale, but also for long term rental too

2. Transfer your funds over via a specialist currency transfer company. We use HIFX (banner on right of this page). Oh how we wish we’d known about services like this when we came over! We relied on the bank rates… and actually missed out on quite a bit of saving by doing it that way.

3. Pay property tax online. When it comes to paying property tax on your new house in Spain… there is a corker of a way to save money if you are paying from the UK. Have a look at www.taxesonline.eu as the standing charge is just €29 if you just need the paperwork raising. Or just €49 if you want them to pay it on your behalf. Needless to say, you calculated tax is in addition to this.

4. Shop around. Ask around. Don’t take the first price you are quoted for things. Ask people who already live here as no doubt they have found some real bargains. We were lucky and found some good people when we moved over, that were happy for us to just pick up the phone and ask. We still ask around now!

5. Dont be scared to use local businesses too! So many people stick to just using the British and Irish, because of nerves with the language. Don’t be scared… get to know the Spanish guys down your local garage, the lady in the butchers, the fella in the fruteria. You’ll save yourself a packet… get great quality goods… make new friends… and it always helps to have a friendly face that won’t laugh when you practise your new language skills.

Of course there are many ways to save money… but these are just for starters.