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House sales up for first year since crisis began

PHOTO GALLERY House sales in Spain rose for the first time in 2014 since the bottom fell out of the property market four years ago, new data shows.

House sales up for first year since crisis began
Photo: Nardia/Kyero.com

The number of property transactions grew 2.2 per cent during 2014, according to statistics published by Spain´s National Statistics Institute (INE) on Tuesday, marking the first year-on-year rise since 2010.

Experts say that foreign investment and improved access to credit were both factors that contributed to the growth amounting to 320,000 homes changing hands last year.

PHOTO GALLERY: The highs and lows of the Spanish property market. What can you get for your money? 

A report by Spanish notaries showed the number of mortgages issued on purchases rose 35 percent in November, 2014 compared to a year earlier, while the Sociedad de Tasación showed that the value of the average Spanish home rose 1.3 percent in the year. 

The number of second-hand homes sold rose by 18.4 percent to almost 200,000 during 2014, meanwhile the number of new properties sold continued to fall, dropping 16.9 percent during 2014, according to the INE data.

That drop was significantly less than during the worst years when the crisis began in 2008 and 2009.

Prices across the board were still on average 40 percent less than at their peak in 2007, meaning there are still bargains to be found, although in some places more than others.

"Despite prices having dipped to their reported lowest, not every location in Spain offers the property bargains that one might expect," Martin Dell, director of leading Spanish property portal Kyero.com told The Local.

"It means that buyers looking for good value properties need to be choosy about the areas they are considering. Buying on Fuerteventura, for example, can get you a property for just 68 percent of the national average price, while Mallorca will cost you 180 percent more than the average," Dell said.

A house price index produced by the site, which lists more than 175,000 homes from 2,500 estate agents, revealed prices ranging from 260 percent above the national average in Barcelona all the way down to just 16 percent of the average in Zaragoza.

The national average property asking price, according to Kyero.com was €232,000 ($261,911) by the end of 2014.

"The variations that currently exist in the Spanish market make it the ideal time to purchase property there,” he said adding: “Interest from foreign buyers looking to pick up bargain second homes remains high, particularly from UK buyers enjoying the current strength of the pound against the euro."

In pics: see what's available with The Local's gallery of the highs and lows of the Spanish property market. 

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PROPERTY

EXPLAINED: What you need to know about locksmiths in Spain

If you get locked out, have a break-in or need to change or fix the door lock at your home in Spain, here are the rates and advice you need before calling a Spanish locksmith (cerrajero).

EXPLAINED: What you need to know about locksmiths in Spain

Like anywhere, locksmiths are generally expensive and the price can vary greatly depending on the service you need and where you are.

It also depends on when you need them, as it’ll cost much more to call them out on a Saturday night than a Monday morning, for example.

Nor would it cost the same to open your front door as it would a reinforced security door.

But locksmiths don’t just make copies of keys and bail you out when you’re stuck outside your flat.

They also offer a whole host of different services including, but not limited to, opening safes, creating master keys, installing security doors, anti-drill doors, cutting specialist locks that reject copied keys, and even unlocking the boot of your car.

How much does a locksmith cost in Spain?

Given all these variables, the price can range massively.

According to Cronoshare, the average price for a nationwide call out in Spain can start from €80 anywhere up to €400.

On average, for a basic service, you can expect to pay anywhere between €40-€70 an hour for the labour, with the price of changing or installing a basic lock anywhere between €80-€200. 

For basic door openings, it depends on the situation you find yourself in: for doors locked with a key, which is a more complex task, prices average around €200, and for doors that are jammed or slammed shut, slightly cheaper in the €80-€100 range.

For an armoured or security door, prices can start at around €300.

In short, a general rule is that the more complex the task is, the higher the prices.

And as always, prices can vary depending on where you are in Spain, the quality of the locksmith, the time of the day and week you need his or her services, and if its a public holiday or not. 

So, as always, compare prices to try and find the most economical solution without skimping on quality.

As such, the following rates are estimations taken from average prices from locksmith.

Weekend/holiday rates

Where prices can really start to add up, however, is when you have an emergency situation requiring a locksmith’s assistance at the weekend, on a public holiday, or outside of normal working hours.

And if you live in Spain, you probably know there’s quite a few of those days throughout the year.

If you really need a cerrajero on a public holiday or during non-working hours (usually defined as anything between 8pm-8am) prices can reach €300 or €500 due to the fact you’ll have to cover the cost of travel, which starts from around €40 plus the increased rate.

Then you must also include the price of labour to the flat rate, which is usually somewhere between €40 and €70 an hour regardless of when you call them out.

Key vocabulary 

We’ve put together some of the basic vocabulary you might need if you find yourself needing a locksmith while in Spain.

el cerrajero – locksmith

la llave – the key

la llave de repuesto – the spare key

la puerta – the door

la cerradura – the lock

la bisagra – the hinge

día festivo – public holiday

cambio de bombín – change of cylinder lock

puerta blindada – armoured door

coste de mano de obra – labour costs

quedarse afuera – get locked out 

puerta cerrada de un portazo – door slammed shut

puerta cerrada con llave – locked door

Tips relating to choosing a good locksmith in Spain 

If you’ve just started renting a new place or have bought a property, it’s advisable to change the lock as you don’t know who has keys to your front door. If you’re a tenant, try to negotiate this with your landlord as it’s in both of your interests that only you two have keys to the property.

If there has been a burglary in your property while you’re living in it and there’s no sign of forced entry, then there’s a very big chance that the burglars had a copy of your keys, and you should definitely change the locks. 

If you’ve lost your keys and you think it happened close to your home, again it’s advisable for you to change the locks.

One of the best ways to avoid being locked out and having to cough up a hefty sum is to give a spare set to someone that you trust that lives in your town or city in Spain. 

When it comes to choosing a locksmith in Spain, you should make sure he or she is a reputable one. Asking friends and family first can be your first port of call.

If not, make sure you read reviews online if available to get any insight beforehand.

In order to avoid any nasty surprises, ask them on the phone for a budget (presupuesto) for all the costs attached to their services before accepting.

Be wary of cerrajeros that automatically want to change the whole lock when a simpler and less costly option is possible. 

Usually they should offer you a contract for you to read carefully before signing. It should include a three-month guarantee for the potential new lock or at least a breakdown of the costs.

Make sure that they are not charging you an excessively high price if it’s an emergency, as this is not actually legal.

There’s also asking them to prove their accreditation with the Unión Cerrajeros de Seguridad (UCES).

Weekend and holiday rates can be higher nonetheless, so consider your options and if it’s worth staying with a friend or family member for a night to save some money. A trustworthy and honest cerrajero will let you know about the money you could save if you choose to wait as well.

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