Recently, the Spanish government approved a shock plan in response to the impact of the war in Ukraine and the increasing inflation. This plan included a significant measure: it limits the rents increase. It is a measure, however, of an extraordinary and temporary nature....continue reading "Cap on Rent Hikes in 2022: Only 2% Increase Possible"
Many people, especially young people, choose to rent a home instead of buying. Predictable expenses, savings in taxes and maintenance, as well as job instability, are factors that tip the balance. But once the decision is clear, the big question comes: How much rent can I afford? Figuring it out is essential to search for a home according to your actual circumstances....continue reading "How much rent can I afford: calculate your max budget"
In August, they went up by 10% in the year. This was the third consecutive month of double-digit rises and the 30th month in a row of increases. ...continue reading "Average rental prices in Spain just keep going up"
With rents rising astronomically across Spain, buying a property with the intention of renting it out is increasingly appealing for many expatriates. ...continue reading "Spanish Property: To lease or not to lease"
The ultimate expression of luxury in Malaga province is showcased on the Muelle de Ribera in Puerto Banús. Decades ago, this became the epicentre of the most exclusive boutiques and now this street which runs alongside the Mediterranean and is lined by designer fashion stores, is the sixth most expensive shopping street in Spain.
Purchasing in these shops is something only the wealthy can do, and the same goes for setting up a business opposite the yachts: the price per square metre to rent a shop in this prestigious street is 2,280 euros.
This information is included in an annual report on the fashion business which is produced by the Asociación Empresarial del Comercio Textil y Complementos (Acotex), and it shows that rental prices slightly increased last year, from 2,160 euros in 2014.
...continue reading "Puerto Banús, the sixth most expensive shopping street in Spain"