Spain Real Estate News
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.
The inflation registered in 2022 has impacted the real estate market too. Rental prices, especially in large cities, have increased considerably, sometimes even well above the CPI. In fact, the CPI was the basis for price updates until now when some limits got approved.
This extraordinary measure, initially planned until June 30, 2022, and extended until last December, set a limit of 2% in the annual review of the rents of the rental contracts in force. The goal was to relieve the effects of applying an unusually high CPI in rental renovations. Recently, the government has extended this measure until the end of 2023.
...continue reading "Limits to Rental Prices in 2023: What’s New, and How It Can Affect You"
With prices on the rise and an economic situation that generates uncertainty, deciding whether it is better to rent or buy a house does not seem easy. In either case, there is no single answer. Both alternatives have advantages and disadvantages, without forgetting the individual circumstances of each one.
...continue reading "Renting or Buying a House: Advantages, Disadvantages and What to Consider When Choosing"