If you're thinking of moving to Spain and want to look for a job, knowing the average monthly salary in Spain is a good place to start. The average salary in Spain has set a record at €1,822 in 2022.
Marbella, Benalmadena Costa and Estepona account for 72% of the new-build supply, according to Activum Real Estate Consulting in its latest study on the real estate scene in the Andalusian province. Up to May, more than 3,100 new homes had been sold, behind only Madrid, Barcelona and Alicante.
Although the real estate market does not stop during the summer, some buyers wait until September to finish looking at and negotiating property prices.
Real estate agency Benham & Reeves' study estimates that foreign-owned homes in England and Wales are worth £78.8 billion (€90.5 billion). Hong Kong nationals have the largest residential wealth (£10.8 billion), followed by Singaporeans (£7.2 billion) and US nationals (£5.1 billion).
It's peak tourist season in Mallorca, and alongside the usual holidaymakers flying in to enjoy the sun, sea, culture and Richard Branson's new Son Bunyola hotel, more people are looking for properties.
Prices are also rising.
All 50 Spanish provinces have at least one property for more than €1 million listed on idealista, but their distribution is not even. The provinces of Malaga, the Balearic Islands, Madrid and Barcelona have 70% of all available properties above that amount.
Picture this: you've found the house of your dreams and you're about to take out a mortgage. Do you know how much money the bank will lend you and how much in savings you need to take out a mortgage?