The real estate market shows signs of a slowdown. Home purchases fell 14.5% year-on-year in June 2023, according to data from the General Council of Notaries. But how does this reality influence housing prices? Knowing the evolution and prospects of the market is essential to make a decision such as buying a home in Spain.
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The Best Areas to Invest in Real Estate in Spain
Investing in real estate in Spain is an attractive option, whether you are looking for a second residence or if the goal is to obtain profitability via rental. Stability and security, tourist attraction, geographical diversity, tax benefits and the potential for revaluation are just some of the aspects that explain why Spain is a safe-haven asset for investing.
The Spanish property market is very active, the variation in housing prices shows positive figures, and the gross rental yield reached 3.5% in 2022 (at the same level as 10-year government bonds).