Spain Real Estate News
The Housing Law, which came into force in March 2023, introduced important reforms. One of them was the rental price update-index. This indicator indicates how much rents can rise from 2025 onwards, and its main lines are already defined.
...continue reading "How Much Can Landlords Raise the Rent in 2025? A New Index for Rent Update"
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 time of year influences the real estate market. Selling a house in autumn often raises doubts. Still, it is a decision that, despite having some drawbacks, offers comparatively appealing advantages. Evaluating both is essential to avoid missing opportunities.
...continue reading "Selling a House in Autumn: Opportunity or Risk?"
It's easy to make mistakes when selling a flat. Lack of knowledge about the buying and selling process and some subjective elements can cause the property to stagnate in the real estate market. If this happens, there is a risk that circumstances may force you to lower the price to speed up the sale. Therefore, to sell your property, take note of the following advice.
...continue reading "Mistakes When Selling a Flat that Can Delay The Sale (and How to Avoid Them)"
Choosing when to sell a home can be complex. Many factors influence whether this decision is more or less advantageous. It is about obtaining economic profitability and also preventing the home from stagnating in the market.
...continue reading "Sell a House Now or Wait? When Is a Good Time to Sell Your Home?"
Access to housing is one of the biggest concerns of the moment, especially for the youngest, who see the moment of emancipation delayed or have to venture into a rental market with high prices. In this scenario, the ICO guarantee for mortgages aspires to help thousands of people achieve the dream of buying their first home.
...continue reading "ICO Guarantee for Mortgages: Who Can Access It and What Conditions Are Required"
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.
The forecasts have come true, the price of money continues to rise, and with the new ECB rate hike, these are now at 4%. And we must add that Euribor has also broken the 4% barrier. A scenario that portends a cooling off in the real estate sector, even more considering that forecasts do not currently point to a rates reduction nor the reference index.
...continue reading "New ECB Interest Rate Hike: Impact on Mortgages and Real Estate Market in Spain"
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"