Spain Real Estate News
Buying a home is not a decision that allows for mistakes. It doesn't matter if it's your first time buying a home or if you already have some experience; the final decision should not be based only on the first impression. Appraising a home requires preparing some questions and carefully analysing the answers. Only in this way will you avoid unpleasant surprises.
...continue reading "How to Appraise a Home for Sale in Spain: What to Ask to Avoid Surprises"
Buying VPO (social housing) has some peculiarities beyond the price. This type of property has a different tax regime and mortgage conditions. All this implies greater facilities for acquisition, although it'll be necessary to meet certain requirements.
...continue reading "VPO Housing: Taxes, Mortgages and Necessary Savings"
In the last year, housing has been climbing positions. It is now the biggest concern of the Spaniards, according to the barometer of the Center for Sociological Research (CIS). In this scenario, the Government has presented a housing plan that includes a dozen measures to alleviate inequality in the real estate market.
...continue reading "Housing Plan Measures Proposed by the Government in 2025"
Moving into a new home or second residence is exciting. The efforts spent looking for a house and negotiating to take out a mortgage are behind us. But it doesn't end there. Besides, we must handle other procedures to avoid fiscal, legal or administrative problems.
...continue reading "Procedures After Buying a Home in Spain: a Practical Step-by-Step Guide"
Access to housing, whether owned or rented, has become one of the biggest concerns at a social level. The latest barometer of the Centre for Sociological Research (CIS) shows that Spaniards perceive it as the second major problem in the country.
In this context, the creation of a public housing company was recently announced. Its purpose, in the words of the President of the Government, Pedro Sánchez, is to build and manage housing from the General State Administration.
The forecasts for the real estate market in 2025 point to sustained growth, in line with the last months 2024. Regarding sales, an increase in demand and prices is expected. On the other hand, the rental market could reach historic highs in terms of prices.
...continue reading "The Real Estate Market in 2025: What Are the Forecasts for the Sector"
Foreign home buyers are a significant part of the Spanish real estate market. In effect, in the second quarter of 2024, they accounted for 14.84% of purchase transactions, 0.63% more than in the previous quarter.
That is one of the data collected in the Real Estate Registry Statistics Report of the College of Registrars. We analyze other significant aspects regarding foreign home buyers below.
It was a decision that had been expected for some time and has now become a reality. It was the first drop in interest rates by the European Central Bank (ECB) in eight years, a reduction of 25 basis points that will inevitably impact the real estate sector and mortgages.
What experts agree on, however, is that it will not foreseeably mean a sudden change in trend. They suggest that interest rates could continue to fall. However, it would be gradual, and mortgages will not return to values from a few years ago, at least for now. Regarding the real estate market, there will be some adjustments.
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"
The real estate market in Spain has experienced an increase in sales during the first half of the year, with a year-on-year growth rate of 9.6%, according to the National Institute of Statistics (INE). However, the negative evolution of the economy makes us wonder if it is a convenient time to buy a house or if it is better to wait for the situation to calm down.
...continue reading "Shortages in Supply, Inflation and Rising Interest Rates. Is It a Good Time to Buy a House?"