Spain Real Estate News
Although there are many real estate investment strategies, some are not well known to beginners or people who do not know the market in-depth and how to operate. Nevertheless, investing in real estate provides attractive profits, especially in a period of financial instability, when the real estate market is considered a safe-haven asset.
...continue reading "Real Estate Investment Strategies for Beginners: Traditional and Alternative Options"
With the Euribor in positive for the first time in six years and a foreseeable increase in interest rates, doubts arise among those looking for a house. The big question is whether to advance the purchase or wait until we see the evolution of the markets. We have compiled some answers that specialists offer and that help to decide if buying a house when interest rates rise is viable or not.
...continue reading "Buying a Home When Interest Rates Rise: Advice From the Experts"
When you want to change your home, it is usual to sell the one you already have before buying a new one. It is the logical decision to have sufficient liquidity and avoid getting into debt or having to meet the basic expenses of two houses.
However, it is not always the best decision. There are also different circumstances in which it can be much more advantageous to buy a home before selling the one you already have. Calmly assessing what to do, therefore, is essential. When should you consider buying in the first place?
The real estate market is, in the current circumstances, a seller's market. It means that demand exceeds supply, and what is an enormous advantage for the owner is not so much for a buyer. Although buying a property in a competitive market is a challenge, finding the perfect one to become your new home or a profitable investment is possible.
The fact that the housing stock is lower than the demand means less bargaining power but does not necessarily imply fewer opportunities. It'll be necessary to have more flexibility and avoid rushing. However, the desire to get a specific home and the competition make it easy to fall into common mistakes that often hinder operations. We'll tell you which are the main ones you should avoid:
One of the big questions that comes up when you want to bring out a property is whether it is convenient to do it on your own or if it is better to hire an estate agent to sell the house. Given that selling without intermediaries in advance means saving on commissions and getting extra profitability, the first option is usually the one to be considered before.
However, these advantages do not always imply greater profits. On the one hand, the real estate market is a complex one and it is subject to many variables. On the other hand, what is saved on commissions can go to waste in the form of time and effort. And lastly, there is the possibility for the sale to be delayed and end up being sold at a lower price.
...continue reading "Hire an estate agent to sell your house or do it on your own behalf?"
The pandemic, lockdown and teleworking have changed the perspective of what we need in a home. Aspects that previously were not important have become a priority. And all this has had a consequence on our needs when purchasing a home.
Thus, living in the centre of cities has ceased to be a fundamental aspect when choosing a home. Today, we seek specific characteristics, although it is necessary to move away a bit. If the area we choose offers convenient services and transport, it doesn't matter if it's not the city centre.
Recently, the Spanish government approved a shock plan in response to the impact of the war in Ukraine and the increasing inflation. This plan included a significant measure: it limits the rents increase. It is a measure, however, of an extraordinary and temporary nature.
...continue reading "Cap on Rent Hikes in 2022: Only 2% Increase Possible"
When we face an irregular economic scenario or high inflation, housing gets considered an investment that is safe and profitable. For this reason, this year is good timing for investing in real estate.
Another incentive to opt for investment in housing in 2022 is the gross rental return. According to data from the Bank of Spain, it stood at 3.7% in 2021, while the return of 10-year government bonds, for example, barely reached 0.5%.
Barcelona is a vibrant city that offers thousands of possibilities to live. And, given its enormous tourist push, it is also a perfect city to invest in for rent.
The real estate offer is broad. It is possible to find apartments in Barcelona for less than 200,000 euros. If you are thinking of moving or making a real estate investment, these are just some available opportunities.
Apartments that look nothing like the photos, homes much further from the beach than advertised, or even flats that don't exist. These are not frequent situations, but sometimes they happen, and they can ruin that long-planned holiday. Avoiding holiday rental scams is possible if you take some precautions.
...continue reading "Avoiding Holiday Rental Scams: Tips and Precautions if You Are Renting from Abroad"