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"
2025 will see the entry into force of the registry of short-term rentals and the creation of the Digital Window for rentals. The measure responds to European regulation and seeks to create a system for collecting and exchanging this type of rental.
...continue reading "Register of Short-Term Rentals: What Is It and How Does It Work?"
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"
The forecast for interest rates in 2025 is undeniably positive for the real estate market. The downward trend that started in 2024 is set to continue, and rates are expected to settle around 2% to 2.25% by the end of the year. This marks a significant decline from the peak of 4.5% reached in September 2023, where rates remained entrenched for several months.
...continue reading "Interest Rates in 2025: What Is Expected to Happen, and How Will It Affect Housing?"
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"
Knowing how long it takes to sell a house is not a question with an exact answer. In most cases, it is between three and twelve months, but some homes sell in a few days, and others stagnate in the real estate market and take much more than a year to find a buyer.
What is the reason for this difference? A whole series of factors influence the sales time. Therefore, we should take this into account to avoid delaying the process.
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.
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?"
It has been barely a year since the approval of the new Housing Law, which, among other measures, establishes limits on rental prices and extraordinary extensions of contracts. The goal was to facilitate access to housing. However, one of the effects it seems to have had is the increase in seasonal rental housing to the detriment of long-term rentals. This effect has been more evident in the stressed areas where supply was insufficient to cover demand.
In fact, seasonal rentals are outside the Housing Law. The Urban Leasing Law and the Civil Code regulate this market in a much more permissive and less concrete way. For this reason, the Government is already studying a regulatory framework for seasonal rentals and, to this end, has created a working group with experts from the sector.
...continue reading "Seasonal Rental Housing: What Should We Expect From the New Regulatory Framework?"
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"