Spain Real Estate News
The forecasts for the real estate market in 2025 point to sustained growth, in line with the last months 2024. Regarding sales, an increase in demand and prices is expected. On the other hand, the rental market could reach historic highs in terms of prices.
...continue reading "The Real Estate Market in 2025: What Are the Forecasts for the Sector"
Illegal occupation of homes is causing great concern in Spain. The main reason is the delay in the Justice system in resolving complaints and ordering evictions. However, legal uncertainty for property owners could soon end following the approval in Congress of a legislative amendment.
...continue reading "New Regulations for Illegal Occupation of Homes in Spain: Fast Trials for Squatters"
The tragic floods in Valencia have brought to light a fact that is not anecdotal: the risk involved in housing in flood zones. Although what happened in Valencia was an extraordinary event, the permissiveness of urban planning in past decades has led to thousands of buildings being built in areas at risk of flooding.
It is important to point out that this reality is not unique to Spain. Here, the 2015 reform of the Land Law attempted to set certain limitations by establishing that flood zones must be classified as non-developable land. Only if the necessary measures are adopted to prevent the risk of flooding could they be classified as developable. But what happens to housing in flood zones that have already been built?
Foreign home buyers are a significant part of the Spanish real estate market. In effect, in the second quarter of 2024, they accounted for 14.84% of purchase transactions, 0.63% more than in the previous quarter.
That is one of the data collected in the Real Estate Registry Statistics Report of the College of Registrars. We analyze other significant aspects regarding foreign home buyers below.
Inherited properties are an increasingly important part of the property market in Spain. Besides, the profile of heirs is changing, moving towards an increasingly younger population.
The age of the person who inherits varies, as does the final destination of these properties. Between selling an inherited flat or renting it, the first gains weight. But what is the process like?