Spain Real Estate News
With retirement comes the time to forget about obligations and enjoy life. It is then that many people decide to rethink their lifestyle and look for a new place of residence. Retiring in Spain is one of the most attractive alternatives. In effect, more and more foreigners decide to enjoy their retirement in our warm and welcoming country.
...continue reading "Retiring in Spain: Discover Why It Is The Perfect Choice to Enjoy Your Retirement"
The purchase of homes by foreigners have not stopped growing in Spain. Only in the second quarter of 2022 did they increase by 9.7%. And in the first quarter of 2023, registered home purchases by citizens of other countries accounted for 14.5% of total operations. These figures highlight that investing in real estate in Spain is attractive and profitable.
...continue reading "Why Investing in Real Estate in Spain Is a Smart Decision"
Recently, the Spanish real estate market has been a seller's market. That is, demand far exceeded supply. However, the rise in interest rates and the consequent difficulties in accessing financing predict a contraction in home sales. In this scenario, selling a house in Spain is a decision not to be delayed.
...continue reading "Top Tips on How to Sell a House in Spain Quickly"
The forecasts have come true, the price of money continues to rise, and with the new ECB rate hike, these are now at 4%. And we must add that Euribor has also broken the 4% barrier. A scenario that portends a cooling off in the real estate sector, even more considering that forecasts do not currently point to a rates reduction nor the reference index.
...continue reading "New ECB Interest Rate Hike: Impact on Mortgages and Real Estate Market in Spain"
Investing in real estate in Spain is an attractive option, whether you are looking for a second residence or if the goal is to obtain profitability via rental. Stability and security, tourist attraction, geographical diversity, tax benefits and the potential for revaluation are just some of the aspects that explain why Spain is a safe-haven asset for investing.
The Spanish property market is very active, the variation in housing prices shows positive figures, and the gross rental yield reached 3.5% in 2022 (at the same level as 10-year government bonds).
Working from home in Spain is an increasingly attractive option, not only because of its weather, culture or atmosphere but because it offers everything to carry out a professional activity with maximum comfort.
In addition, the procedures for those who want to settle in the country are simple. It is possible to obtain a visa for digital nomads and to buy a house as a foreigner. But which would be the best location?
Rent to buy is becoming more popular lately. It makes it easier to take the first step to owning a home without an initial mortgage. However, it's interesting not only for the tenant but also for the property owner.
Here you'll find how this type of agreement works, its pros and cons, and what aspects shall include.
...continue reading "Rent to Buy: How It Works and What You Should Consider"
Nowadays, it is necessary to have some savings to buy a home in Spain. In this way, most banks offer mortgages only for 80% of the property value. Therefore, if we add the inflation and interest rates rise, purchasing a home, especially for the young, gets complicated.
The ICO guarantee for home purchase aims to solve this situation, at least partially. The goal is to obtain financing for 100% of the property price they wish to buy. For that, it'll be necessary to meet some specific requirements.
Managing a holiday home rental requires different strategies than a long-term rental. The change of tenants and the high offer in certain areas make it necessary to implement initiatives to deliver an accommodation that stands out. Only in this way will it be possible to increase bookings and maximize the return.
...continue reading "Managing a Holiday Home Rental: 5 Tips to Maximize the Return on Your Investment"
Selling bare ownership is an increasingly popular transaction in Spain. According to data from the Association of Property Registrars, in 2022, there were 1,657 transactions of this type. This figure represents an increase of 23.7% compared to the previous year.
...continue reading "Selling the Bare Ownership: Pros and Cons of an Increasingly Popular Transaction in Spain"