Spain Real Estate News
The real estate market in Spain in 2024 experienced a more than notable rebound, which consolidates the upward trend that, with some exceptions, has been registered for years. Despite the increase in housing prices, the number of transactions and mortgages also increased. Besides that, we'll find other significant changes in the latest annual report of the General Council of Notaries.
...continue reading "More Houses, Bigger and More Expensive: This Was the Real Estate Market in Spain in 2024"
Illegal occupation of homes is causing great concern in Spain. The main reason is the delay in the Justice system in resolving complaints and ordering evictions. However, legal uncertainty for property owners could soon end following the approval in Congress of a legislative amendment.
...continue reading "New Regulations for Illegal Occupation of Homes in Spain: Fast Trials for Squatters"
It was an expected step, although perhaps not as soon since the European Central Bank had already decided to cut interest rates in September, the third time this year. With this new reduction in the price of money by 25 basis points, the official rate stands at 3.25%, at the levels of May 2023.
This interest rate cut accompanies the evolution of the Euribor. In effect, the reference index for mortgages seems to be consolidating its downward trend. It is good news for those who must review their mortgages in the coming weeks or buy a home.
...continue reading "Interest Rate Cuts: How the ECB’s Policy Will Impact The Housing Market"
Buying your first home is one of the most challenging decisions to make. It requires time, a thorough analysis of your situation and an adequate understanding of the entire process.
...continue reading "Buying Your First Home: How to Prepare and Take Your First Steps"
Whether for investment or as a holiday retreat, buying a second home requires the same dedication as if it were your habitual residence. Moreover, there are additional factors that one should consider.
...continue reading "Buying a Second Home: What Aspects to Consider to Make the Right Choice"
Buy a house now or wait some time to see the evolution of the real estate market and interest rates. That's the question that arises for those who are considering purchasing a home. Generally speaking, experts point out that it is a good time to buy, although it also depends on personal circumstances.
...continue reading "Should I Buy a House Now or Wait? Is It a Good Time to Invest in Housing?"
Choosing to rent a home like a holiday rental or a long-term is a common question faced by those who wish to invest in real estate. However, there is not always a clear answer. Different factors determine which of the two options may be more advantageous in certain circumstances.
Carefully analyzing these issues is the only way to find the key to maximizing rental income. These are aspects such as the location, the expenses associated with each type of rental, the legislation or even the level of risk that you wish to assume.
Purchasing a home involves a high outlay of money and, generally, the need to apply for a mortgage loan. The offer of financial products is broad, but there are also differences between them. Therefore, before taking out a mortgage, it is advisable to analyse each of its clauses.
...continue reading "What to Look Out for When Taking Out a Mortgage: Keys to Getting the Best Deal"
Access to housing has become one of the major concerns for a good part of the population living in Spain. At this point, the new Housing Law has introduced new features to regulate rental prices. One of these measures is the declaration of stressed areas.
...continue reading "Stressed Rental Areas: What the Housing Law Establishes"
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.