Spain Real Estate News
The Spanish coast is much more than just a holiday option. Living by the sea is a lifestyle and an investment with added value. Whether you want to work remotely in an inspiring location or enjoy a retreat in a privileged climate, beachfront homes in Spain offer unique advantages.
...continue reading "Beachfront Homes in Spain: Live Where Others Only Spend Their Summers"
Buying a house in Spain can be a complicated decision. The variety of options is endless, from large cities to quiet rural areas or from coastal towns to rapidly expanding metropolitan areas.
When choosing, the first criterion for buying a house in Spain will be the purpose of the property: primary residence, second home, or investment. Afterwards, we'll have to consider several other factors.
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?"
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.
Talking about the money required to buy a house is much more than talking about the sales price. On the one hand, it is essential to have some savings. On the other hand, you have to consider what the mortgage interest adds up to. Thirdly, any real estate purchase and sale operation involves expenses.
...continue reading "Calculating the Money Needed to Buy a House: Savings, Expenses and Monthly Income"
Nowadays, it is necessary to have some savings to buy a home in Spain. In this way, most banks offer mortgages only for 80% of the property value. Therefore, if we add the inflation and interest rates rise, purchasing a home, especially for the young, gets complicated.
The ICO guarantee for home purchase aims to solve this situation, at least partially. The goal is to obtain financing for 100% of the property price they wish to buy. For that, it'll be necessary to meet some specific requirements.