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"
Are you thinking about buying a home in 2024? With the beginning of the new year just around the corner, real estate investment is a topic that always generates interest and expectations.
2023 has been a year marked by high inflation rates and increased interest rates. This situation has translated into a decrease in purchase and sale operations. Despite this, housing prices have risen. In this scenario, the question may arise as to whether buying a house in 2024 will be a good decision.
The latest meeting of the European Central Bank seems to have marked a turning point. After ten consecutive increases in the money price in just over a year, they have decided to freeze it. Interest rates remain at 4.5%, meaning a break for the economy and, obviously, for the real estate sector.
Now, we still have to see what will happen to the reference index. Although the Euribor 2024 forecasts point to a slight reduction rather than containment.
The real estate market shows signs of a slowdown. Home purchases fell 14.5% year-on-year in June 2023, according to data from the General Council of Notaries. But how does this reality influence housing prices? Knowing the evolution and prospects of the market is essential to make a decision such as buying a home in Spain.
...continue reading "Buying a Home in Spain: How Do We Expect the Market to Behave in the Final Stretch of 2023"
When we expect the cooling of the real estate market, any seller desires to sell their property as soon as possible. But, when negotiating adjustments in the property price, mistakes can be made that have the opposite effect. Choosing a good strategy and avoiding improvisation and haste are crucial to selling a house quickly.
...continue reading "Selling a Property Fast: Mistakes to Avoid When The Market Is Down"