Spain Real Estate News
After a few years marked by exceptional circumstances, the unknown for those looking to buy, sell or rent a property is what the evolution of the real estate market will be in 2024. An evolution that at first seems marked by some cooling of the market and interest rates that will not fall as much as many would like.
...continue reading "Analysis of The Real Estate Market in 2024: Perspectives and Most Important Trends"
Forecasts indicate that demand will continue to be higher than supply in the real estate market. This situation favours the seller. However, to sell a property in 2024 quickly and in the best conditions, it is essential to keep some fundamental aspects in mind.
...continue reading "Selling a Property in 2024: What You Need for the Sale of Your Home"
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.
Access to housing is one of the most worrying aspects today. Prices, interest rates and the need to pay at least 20% of the home value upfront are just some examples of obstacles to overcome. To partially alleviate this situation, there are public aids to ease the buying.
These aids, granted by the different administrations, are of three types: guarantees to afford the home purchase, tax reductions and financial support for the mortgage.
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.
Mortgage subrogation involves a modification of the loan obtained for buying a property. It is a common request to improve its conditions when circumstances allow it. Besides, it is also a usual practice when selling a property with charges.
Although mortgage subrogation is a frequent operation, it is advisable to know all its details to decide if it is a good idea or not to request it. Learn more about mortgage subrogation below.
Knowing if it's possible to sell a mortgaged house is a common question among homeowners. Firstly, we confirm that, in Spain, it is doable and not too complicated, and there are several ways to achieve it.
We must consider that most mortgages last a minimum of 20 years. Therefore, it is usual to purchase and sell mortgaged properties. Sometimes, it is even easier to sell a home with a mortgage since buyers see it as an opportunity to buy at a lower price.
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"
After the rise in interest rates to 4.25% and the Euribor at its highest for years, the number of mortgages has decreased in annual rates in Spain, and their average amount too, according to recent data from the INE. But this situation has had another consequence: more and more people are opting for early mortgage repayment to avoid what these increases imply in the monthly instalment of their mortgage loans.
Some analyses ensure that the early repayment of the mortgage has increased by figures close to 50% compared to 2022. However, what savings can it bring?
Finding homes for sale is easy: one click is enough for an Internet search to offer millions of results. But to discover good opportunities, it is necessary to go a little further. Although it requires some effort, there always is a property that meets our expectations and also fits the budget.
...continue reading "The Best Strategies to Find Homes For Sale in Spain at an Affordable Price"