The economic situation points to a rise in interest rates. Europe has largely recovered the GDP lost due to the pandemic; however, inflation has skyrocketed. In February, the CPI -Consumer Price Index- in Spain experienced an upward variation concerning the previous twelve months of more than 7%, a figure that wasn't that high for decades.
For its part, the US Federal Reserve already predicted a rise in interest rates at the beginning of the year, and the president of the ECB recently left the door open to it. The international outlook added to the rise in electricity, gas and fuel pricing could be the final push that leads to the decision.
...continue reading "Is an EU Interest Rate Hike on the Horizon?"
Having a financial cushion is essential to face the initial payment involved in purchasing a home. Having enough savings to buy a home may be complicated, but it is possible with some time and a few basic recommendations.
...continue reading "Saving to Buy a House: Tips to Face the Initial Payment"
Deciding the timing to buy a home is something you must think about calmly. Getting carried away with an impulse can cost dearly. And the same risk exists if you wait for a better time that, in the end, never comes.
It is essential to consider several elements, both personal and related to the market, to make the right decision.
...continue reading "Should you buy a home now or wait? 4 key things to consider"
Spain has a huge attraction for foreign investors and people who want to enjoy the beauty and climate of its coastal areas throughout the year. Besides, it is possible to obtain a residence permit by buying a home in Spain. That's what is called Golden Visa.
Although there are different ways to obtain it, real estate investment is one of the most attractive due to the characteristics of the Spanish market. There is, however, a mandatory requirement: the property asset acquired must have a value greater than 500,000 euros.
...continue reading "Procedures to buy a home in Spain and get the residence permit"