Spain Real Estate News
Knowing how much the rent price can rise is one of the biggest concerns for tenants when the rent update date approaches. Although there are limitations to rent increases, 2024 begins with some significant changes we should assess.
...continue reading "Will Rental Housing Prices Rise in 2024? Limits and New Developments to Consider"
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.
Acquiring a home in Spain entails a whole series of expenses beyond the sale price. It is worth considering them because these expenses may represent around 10 – 12% above the property price. Specifically, the highest of these costs are taxes.
...continue reading "Taxes Involved in Buying a Home in Spain: Practical Guide"
In most cases, buying and selling a property takes some time; however, it is possible to speed up the process if the homeowner already has all the required documents. If you are going to sell a home, it is likely that you already have some of them. Nevertheless, there'll be documentation that you'll have to request from specific organizations.
...continue reading "What Documents Do You Need to Sell a Home?"
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.
Receiving a property as an inheritance requires carrying out some procedures before selling besides those associated with the sales process. We'll have to assess aspects such as legalization, taxes or even agreements with other heirs. Knowing the steps allows you to face the process with confidence.
...continue reading "What to Do If You Receive a Property as an Inheritance and Want to Sell It"
Selling a home with a real estate agency or doing it on your own is the first question when you decide to put a property up for sale. Both possibilities have their advantages and disadvantages. Knowing them will allow you to make the best decision.
However, your choice can also depend on other issues: whether it is necessary to sell the property quickly, knowledge of the buying and selling process or the time available to advertise the home and respond to potential buyers.
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 valuation of a property is an essential process in real estate, which arouses curiosity and, sometimes, concerns in those involved in buying or selling properties in Spain. In formal terms, the valuation is the objective appraisal of the property. It sets the actual value of the property in the market. In some cases, it is mandatory, but in others, it is only of informative interest in a constantly evolving market, such as real estate.
...continue reading "What Should You Know About Property Valuation in Spain?"
Buying a house in Spain implies different procedures and taxes, which means expenses. Knowing all the costs of purchasing a home will be fundamental because they affect the total outlay of acquiring the property.
...continue reading "Costs of Buying a Home in Spain: an Essential Guide for Foreign Buyers"