Spain Real Estate News
Recently, the Spanish real estate market has been a seller's market. That is, demand far exceeded supply. However, the rise in interest rates and the consequent difficulties in accessing financing predict a contraction in home sales. In this scenario, selling a house in Spain is a decision not to be delayed.
...continue reading "Top Tips on How to Sell a House in Spain Quickly"
Investing in real estate in Spain is an attractive option, whether you are looking for a second residence or if the goal is to obtain profitability via rental. Stability and security, tourist attraction, geographical diversity, tax benefits and the potential for revaluation are just some of the aspects that explain why Spain is a safe-haven asset for investing.
The Spanish property market is very active, the variation in housing prices shows positive figures, and the gross rental yield reached 3.5% in 2022 (at the same level as 10-year government bonds).
Rent to buy is becoming more popular lately. It makes it easier to take the first step to owning a home without an initial mortgage. However, it's interesting not only for the tenant but also for the property owner.
Here you'll find how this type of agreement works, its pros and cons, and what aspects shall include.
...continue reading "Rent to Buy: How It Works and What You Should Consider"
Nowadays, it is necessary to have some savings to buy a home in Spain. In this way, most banks offer mortgages only for 80% of the property value. Therefore, if we add the inflation and interest rates rise, purchasing a home, especially for the young, gets complicated.
The ICO guarantee for home purchase aims to solve this situation, at least partially. The goal is to obtain financing for 100% of the property price they wish to buy. For that, it'll be necessary to meet some specific requirements.
Managing a holiday home rental requires different strategies than a long-term rental. The change of tenants and the high offer in certain areas make it necessary to implement initiatives to deliver an accommodation that stands out. Only in this way will it be possible to increase bookings and maximize the return.
...continue reading "Managing a Holiday Home Rental: 5 Tips to Maximize the Return on Your Investment"
Although the first draft began in February 2022, it has been necessary to negotiate for more than a year to advance in the project. Nowadays, the last Housing Law is close to the final parliamentary procedures for its approval.
This law focuses particularly on rentals. It includes limits and incentives for property owners and measures to facilitate access to housing. It introduces significant changes that will affect the real estate market.
When we analyzed the evolution of the holiday rental market in 2023, we saw the short-term rental offer keeps growing. Standing out from such a wide offer is not easy. Gaining visibility is not enough to increase the bookings of a holiday rental home. It'll be necessary to implement strategies that increase the property value, making a difference and encouraging potential guests who choose us over the others.
...continue reading "10 Tips to Increase The Bookings of a Holiday Rental Home"
At its last meeting in February, the ECB decided to raise interest rates again, and it will be the fifth in less than a year. In twelve months, the reference index for mortgages has gone from being negative to reaching 3%. And a rise in the Euribor in 2023 is not ruled out, along with more measures aimed at returning inflation to around 2%.
In fact, forecasts point to a new rise in the Euribor in 2023, reaching rates unknown since 2008. If in January 2022, it stood at -0.477, by the end of 2023, it could touch 4%.
...continue reading "New Rise in The Euribor in 2023: How It Affects the Real Estate Market"
The rental price has not stopped increasing in recent months, and forecasts suggest that this upward trend will continue in 2023. In this scenario, many small investors seek to obtain profitability and, to do so, consider buying a flat to rent.
Traditionally, housing is considered a safe-haven asset. However, to obtain profitability through renting, it is convenient to analyze in detail aspects ranging from the type of housing to expenses associated with the rental itself.
Considering the international political and economic situation, we must be very cautious with all the forecasts for the price of housing in 2023. However, despite the general rise in the cost of living and interest rates, record figures were recorded in the purchase and sale of real estate during 2022.
...continue reading "What Are the Forecasts for the Price of Housing in 2023?"