Spain Real Estate News
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?"
Most of the Spanish banks provide mortgages to foreigners who buy a property in Spain, complications can happen. So it's indispensable to understand your options to avoid any unpleasant surprises. ...continue reading "Mortgage in Spain: How to apply?"
Over the last year, foreigners bought more houses in Spain than ever before. In particular, international investors adquired about 48.000 houses, an increase more than 13% of total sales. ...continue reading "Foreigners buy more houses in Spain"
