Spain Real Estate News
The pace of the real estate sector changes not only with the ups and downs of the economy but also with the seasons. The arrival of warmer weather revives the property market, and tempting opportunities arise. Considering the importance of choosing the right time to invest in a home, buying a home in spring would be wise for many reasons.
...continue reading "Buying a Home in Spring: Reasons to Take the Plunge at the Best Time of the Year"
Buying a house in Spain can be a complicated decision. The variety of options is endless, from large cities to quiet rural areas or from coastal towns to rapidly expanding metropolitan areas.
When choosing, the first criterion for buying a house in Spain will be the purpose of the property: primary residence, second home, or investment. Afterwards, we'll have to consider several other factors.
Lower interest rates are good news for the real estate market. It has been the sixth time the mortgage rate has been lowered in the last nine months, five consecutive. Rates have thus reached 2.5%, their lowest rate in more than two years. Supporting this, although more moderate, is the Euribor, which in March stood at around 2.43%, 1.28% lower than the same month last year.
...continue reading "Lower Interest Rates: Positive Impact on the Mortgage Market"
The Spanish real estate market has demonstrated considerable strength. Proof of this is the number of foreign homebuyers, having steadily grown in recent years. In 2024, they accounted for 14.6% of all purchases, according to data from the Association of Property Registry Offices.
...continue reading "Foreign Homebuyers in Spain: a Booming Market"
Acquiring a property is a complex process in which searching is only the first step. Once you have found the ideal home, it is essential to remember that a whole series of documents are needed to buy a house. The seller must provide most of them, but the buyer must check they are correct. That way, there won't be a delay in the transaction.
...continue reading "Documents to Buy a House in Spain: Complete List and Practical Advice"
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"
The purchase of homes by foreigners have not stopped growing in Spain. Only in the second quarter of 2022 did they increase by 9.7%. And in the first quarter of 2023, registered home purchases by citizens of other countries accounted for 14.5% of total operations. These figures highlight that investing in real estate in Spain is attractive and profitable.
...continue reading "Why Investing in Real Estate in Spain Is a Smart Decision"
When temperatures rise, the real estate market reactivates. In fact, we can see it in the statistics. Those responsible are, on the one hand, buyers looking for a second home. On the other, those who want a new home for the start of the school year.
...continue reading "10 Priorities for Homebuyers in Spring"
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 unstoppable rise of Euribor has put many families with variable-interest mortgage loans against the ropes. The reference index has gone from negative to close to 3% in a few months. To avoid the burden this entails for the most vulnerable families, the Government of Spain has approved a package of mortgage aid.
These measures, which will benefit close to a million households according to official forecasts, will come into force at the beginning of 2023. Although these actions were agreed with the banks, it is up to them to adhere to the so-called Code of Good Practice.