Spain Real Estate News
The forecast for interest rates in 2025 is undeniably positive for the real estate market. The downward trend that started in 2024 is set to continue, and rates are expected to settle around 2% to 2.25% by the end of the year. This marks a significant decline from the peak of 4.5% reached in September 2023, where rates remained entrenched for several months.
...continue reading "Interest Rates in 2025: What Is Expected to Happen, and How Will It Affect Housing?"
In January 2025, rents will be able to rise by 2.2%. The first rental price update index (IRAV) establishes this percentage. It's one of the premises of the Housing Law that aimed, among others, to regulate rental contracts. The goal is to avoid disproportionate increases in rents.
...continue reading "What Is The IRAV, The Rental Price Index, and How Does It Work?"
Moving into a new home or second residence is exciting. The efforts spent looking for a house and negotiating to take out a mortgage are behind us. But it doesn't end there. Besides, we must handle other procedures to avoid fiscal, legal or administrative problems.
...continue reading "Procedures After Buying a Home in Spain: a Practical Step-by-Step Guide"
The Housing Law, which came into force in March 2023, introduced important reforms. One of them was the rental price update-index. This indicator indicates how much rents can rise from 2025 onwards, and its main lines are already defined.
...continue reading "How Much Can Landlords Raise the Rent in 2025? A New Index for Rent Update"
The new ECB rate cut, the fourth in 2024, is good news for the real estate market. With the reduction in interest rates by 25 basis points, the price of money is 3%. However, along with this decision by the European Central Bank came another news that was not so positive: the reduction in economic growth expectations for the Eurozone.
...continue reading "New ECB Rate Cut: How Does it Affect the Real Estate Market?"
Access to housing, whether owned or rented, has become one of the biggest concerns at a social level. The latest barometer of the Centre for Sociological Research (CIS) shows that Spaniards perceive it as the second major problem in the country.
In this context, the creation of a public housing company was recently announced. Its purpose, in the words of the President of the Government, Pedro Sánchez, is to build and manage housing from the General State Administration.
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.