Squatting has become a headache for the administration and property owners in Spain. This illegal activity has been in the media spotlight for several years, but 2022 was one of the "busiest" years in this regard.

The market is predicting that 2023 will be a year full of uncertainties and that the real estate sector will suffer the effects of inflation, interest rate rises, the economic slowdown and the energy crisis.

Do you want to sell a house in Spain on your own without using an estate agent to save on fees?

The International Monetary Fund (IMF) anticipates a sharp slowdown in the Spanish economy this year, when it will grow by 1.1%, compared with 5.2% last year, while for next year it anticipates an expansion of 2.4%, according to the update of the world economic outlook published at the end of January

With the start of 2023, many real estate market agents agree that a change of cycle has begun in the market that is linked to the macroeconomic situation caused by the war, inflation and the rising cost of living and financing.

How long does it take to sell a house in Spain in 2023? According to a recent study published by idealista, 20% of the properties sold through idealista in December 2022 had not only been on the market for a week.

The Canary Islands have become an ideal destination for people looking for a second home and investment. In fact, the sale and purchase of homes by foreigners accounted for 52% of all transactions in 2022.

Spain's COVID restrictions are about to change. The Spanish Government is set to put an end to the compulsory use of face masks on public transport, with a vote to take place on 7th February 2023 in the Council of Ministers.

With unemployment in Spain still higher than the European average and many people struggling to make ends meet given the cost of living crisis, the Spanish job market doesn't seem to have a promising outlook for the year 2023.

Spain has become one of the top choices for high net worth individuals when it comes to buying homes abroad, behind only the United States and the United Kingdom, according to Knight Frank's The Wealth Report. So, where in the world are the wealthy buying homes?