Spain Real Estate News
According to Eurostat data, Spain is the country in the European Union with the highest number of tourist rentals after France. Despite this, there is no specific regulation at the state level. In effect, the autonomous communities regulate this type of rental. The Digital Window for rentals, which could come into operation at the beginning of 2025, seeks to provide order and, above all, avoid fraud.
...continue reading "Digital Window for Rentals: New Regulation of Holiday Rentals in Spain"
It was an expected step, although perhaps not as soon since the European Central Bank had already decided to cut interest rates in September, the third time this year. With this new reduction in the price of money by 25 basis points, the official rate stands at 3.25%, at the levels of May 2023.
This interest rate cut accompanies the evolution of the Euribor. In effect, the reference index for mortgages seems to be consolidating its downward trend. It is good news for those who must review their mortgages in the coming weeks or buy a home.
...continue reading "Interest Rate Cuts: How the ECB’s Policy Will Impact The Housing Market"
Knowing how long it takes to sell a house is not a question with an exact answer. In most cases, it is between three and twelve months, but some homes sell in a few days, and others stagnate in the real estate market and take much more than a year to find a buyer.
What is the reason for this difference? A whole series of factors influence the sales time. Therefore, we should take this into account to avoid delaying the process.
Investing in luxury real estate has become one of the most profitable ways to maximize wealth. This appeal has led to an increase in the purchase of exclusive homes by around 8%.
Not only demand but also prices in the real estate market have risen, even above average. However, this increase does not discourage investors, who see high-end housing as a safe-haven asset with an increasing return.
Buying your first home is one of the most challenging decisions to make. It requires time, a thorough analysis of your situation and an adequate understanding of the entire process.
...continue reading "Buying Your First Home: How to Prepare and Take Your First Steps"