Spain Real Estate News
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"
When buying a second home, either for vacation purposes or as an investment, it may be necessary to apply for a mortgage, even if you already have one on your habitual residence. Banks grant them, although the truth is that the requirements for a second mortgage vary slightly. It is worth taking this into account.
...continue reading "Requirements for a Second Mortgage: What You Must Meet to Buy Another Home"
It's easy to make mistakes when selling a flat. Lack of knowledge about the buying and selling process and some subjective elements can cause the property to stagnate in the real estate market. If this happens, there is a risk that circumstances may force you to lower the price to speed up the sale. Therefore, to sell your property, take note of the following advice.
...continue reading "Mistakes When Selling a Flat that Can Delay The Sale (and How to Avoid Them)"
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.