If you had been told earlier this year that the arrival of the coronavirus would mean that the population would have to be homebound for months, then like everyone else, you would have struggled to believe it.
The purchase and sale of housing in Spain by foreigners grew by a slight 0.5%, in comparision to the previous year, in the second half of 2019 to over 50,500 transactions, according to notaries in Spain, for an average price of 1,801 euros/m2.
Good news is in store for the Spanish tourism industry after COVID-19 and those who are holding onto the hope of having a summer holiday in Spain this year or those travelling from abroad to their Spanish holiday homes, as the Spanish Government has announced that the recently introduced restriction
House prices will decline in nearly all major western European markets this year due to the economic effects of the COVID-19 pandemic, according to the "Government job support will stem European housing market price falls" report by S&P (Standard & Poor's) Global Ratings.
The coronavirus crisis has seemingly not stopped the demand for home ownership in Spain. According to data from the Centre for Sociological Research (CIS) for the month of April, 9% of Spaniards are thinking of moving home, in line with the figure recorded at the beginning of the year.
The president of the Santander bank in Spain, Ana Botín, has announced that the bank is leading a project, together with the construction sector and the ICO ("Instituto de Crédito Oficial", a public bank attached to the Ministry of Economy and Business), to promote access to housing for young people
The COVID-19 state of alarm has been in force for over two months now, a reality that for some citizens living in flats without gardens, terraces or balconies and in the middle of a city can be a challenging task.