Spain Real Estate News
Access to housing for young people has become one of the fundamental affairs in social policies. Regarding that, in 2022, the youth rental bonus was born, a temporary measure that the Government has now decided to extend until 2025.
...continue reading "Youth Rental Bonus in 2024: Regions that Offer It and Requirements"
After a few years marked by exceptional circumstances, the unknown for those looking to buy, sell or rent a property is what the evolution of the real estate market will be in 2024. An evolution that at first seems marked by some cooling of the market and interest rates that will not fall as much as many would like.
...continue reading "Analysis of The Real Estate Market in 2024: Perspectives and Most Important Trends"
Saving to buy a home is usually the first step before even starting the search. Acquiring a home requires making a series of initial payments, and having an initial financial cushion is essential. Achieving this may seem like a long process, but some strategies help.
Take note of what to pay attention to and how to prepare to save what you need to buy the home you are looking for.
Forecasts indicate that demand will continue to be higher than supply in the real estate market. This situation favours the seller. However, to sell a property in 2024 quickly and in the best conditions, it is essential to keep some fundamental aspects in mind.
...continue reading "Selling a Property in 2024: What You Need for the Sale of Your Home"
Knowing how much the rent price can rise is one of the biggest concerns for tenants when the rent update date approaches. Although there are limitations to rent increases, 2024 begins with some significant changes we should assess.
...continue reading "Will Rental Housing Prices Rise in 2024? Limits and New Developments to Consider"
Are you thinking about buying a home in 2024? With the beginning of the new year just around the corner, real estate investment is a topic that always generates interest and expectations.
2023 has been a year marked by high inflation rates and increased interest rates. This situation has translated into a decrease in purchase and sale operations. Despite this, housing prices have risen. In this scenario, the question may arise as to whether buying a house in 2024 will be a good decision.
Mortgage repayment periods are usually long. During that time, many circumstances may arise that make it advisable to change its conditions. The procedure to modify these conditions is called mortgage novation.
The owner of the mortgage must take the step to request the novation. The goal is to save money or obtain more payment facilities. However, the bank can accept or reject it or admit only some of the requested changes.
Acquiring a home in Spain entails a whole series of expenses beyond the sale price. It is worth considering them because these expenses may represent around 10 – 12% above the property price. Specifically, the highest of these costs are taxes.
...continue reading "Taxes Involved in Buying a Home in Spain: Practical Guide"
Access to housing is one of the most worrying aspects today. Prices, interest rates and the need to pay at least 20% of the home value upfront are just some examples of obstacles to overcome. To partially alleviate this situation, there are public aids to ease the buying.
These aids, granted by the different administrations, are of three types: guarantees to afford the home purchase, tax reductions and financial support for the mortgage.
Spain has established itself as one of the best high-end housing markets. The number of real estate transactions in this sector has skyrocketed in recent years. The reasons are multiple; however, it's mainly because luxury homes in Spain are one of the most attractive safe havens for investors.
...continue reading "Luxury Homes in Spain: The Best Areas to Enjoy Exclusivity and Comfort"