Spain Real Estate News
Interest rate forecasts are one of the unknowns in the real estate market. In recent months, the economic situation has changed significantly, with a notable moderation in inflation. For this reason, those considering purchasing a home look towards the future with some optimism. But will the cost of money go down, and with it, the cost of mortgages?
...continue reading "Forecasts on Interest Rates in 2024: When Will Mortgage Payments Become Cheaper"
Mortgage repayment periods are usually long. During that time, many circumstances may arise that make it advisable to change its conditions. The procedure to modify these conditions is called mortgage novation.
The owner of the mortgage must take the step to request the novation. The goal is to save money or obtain more payment facilities. However, the bank can accept or reject it or admit only some of the requested changes.
Savloir Law Firm: ‘By your side when it matters most, such as when buying a house on the Costa Blanca.’
Have you been dreaming of owning your own house on the Costa Blanca? When you are not a resident and you consider buying property in this paradisiacal area, having the appropriate legal support is crucial to ensure a safe, successful and smooth transaction.
In order to receive valuable advice and expert guidance, we sat down with Joaquín Pons, founding member and lawyer of Savloir Law Firm, a renowned law firm specialised in the legal and tax fields of real estate buying and selling aimed at non-residents. Up and running since 2018 on the Costa Blanca, the firm has offices in Jávea and Dénia. A team of lawyers who strongly believe in the idea that feeling safe is knowing that there are people who want our decisions to have the best outcome and who care for them.
...continue reading "‘Legal advice for non-residents: How to successfully and safely buy a house on the Costa Blanca’, by Savloir Law Firm."
Negotiating the purchase of a home is a complex process. An endless number of factors come into play. Everything may develop quickly and smoothly, or on the contrary, the operation stagnates or cannot materialize.
...continue reading "6 Tips to Negotiate The Purchase of a Home at The Best Price"
Buying a house as separate property can have some advantages for many couples. However, there are also certain legal aspects that it is advisable to know before opting for it.
...continue reading "Buying a House As Separate Property: Legal Aspects that You Should Know"
2022 has been a year of lots of activity in the real estate market. Buying and selling, especially in the first semester, reached figures not seen since before the 2008 recession. However, the economic circumstances, the international situation, and the increased costs of mortgages have slowed this trend down in recent months.
The scenario is now uncertain. And it’s logical to ask yourself if buying a house in 2023 is a good idea. In general, yes, it could be. Forecasts point to prices having reached their peak or that they will vary a bit, whereas the housing supply is increasing slightly.
...continue reading "Buying a house in 2023: real estate market forecast for the upcoming year"
Lifestyle habits and homebuyers' preferences have significantly changed in recent years. Before, housing demand was mainly in large cities or urban environments. Currently, more and more people are looking to buy a house in a small town or village.
Although cities continue to prevail, according to data collected by elEconomista.es, 22% of people looking for housing do so in rural areas. This percentage slightly exceeds the demand in coastal areas and even on the outskirts of large cities. And it is those over 45 who prefer to buy a house in a small town.
It is a spacious and bright house, has a garden or terrace, and the location seems right, or it's ready to move in. Apparently, it is the property you were looking for to make it your new home or your second residence. However, you should not rush. The house of your dreams can steal them if you are not careful.
Before going forward, you should analyze the property thoroughly. How can you discover the property is not what it seemed?
The real estate market gets affected by seasonal trends. Therefore, when deciding to acquire a home, it is essential to assess the time of the year. That would mean having good choice opportunities within reach and also finding more attractive offers.
...continue reading "Summer Is Over, and Here Comes the Best Season to Buy a Home: Autumn!"
The real estate market is very active throughout the year; however, there are times when viewings and home transactions accelerate. Buying a house during summer does not require special steps or conditions compared to other times of the year, but it does have some advantages.
...continue reading "Buying a house in Spain during summer: is it a good time or is it better to wait?"