Spain Real Estate News
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"
The concern for sustainability, energy saving and emissions reduction reaches all areas, including the real estate sector. In this scenario, the European Union finalizes a new directive on the energy efficiency of buildings. It plans to introduce significant changes not only in new construction but also in existing homes.
Experts predict essential changes in the real estate market in the coming years, especially regarding the rehabilitation of homes and the revaluation -or not- that properties can experience.
A home has to be attractive to potential buyers to get sold quickly. Making some improvements will help with the sale, besides increasing its market value. Moreover, it is possible to do it with little money. You can renovate your house on a budget, and the revenue will be worthwhile.
According to the Spanish Home Staging Association, improving a property speeds up the sales process more than seven times. Further, the revaluation of the property in the market can reach up to 20%.