Property for sale in Spain

Original article written by Hoja de Router Spain is a country of great cultural diversity and richness. Travelling from north to south, from east to west, fields and villages follow one another, deeply altering in appearance as each region passes by.

It’s possible to haggle over the price of a home as long as you have the right motivation.

The number of property transactions in February increased by 16.2% year-on-year to 41,480 transactions, according to the National Institute of Statistics (Instituto Nacional de Estadística or INE).

The price of used housing in Spain saw a quarterly increase of 2.2% in the first quarter of 2018. This leaves the price per square metre at 1,621 euro and the price per square foot at 150 euro, according to the latest idealista price index.

The price of second-hand homes in Madrid and Barcelona rose sharply in the first quarter of the year: as much as a 21.3% year-on-year average rise in the Spanish capital and 5.1% in Barcelona.

Spain has broken with the trend of recent decades: year after year, it is falling in the ranking of how many homes are owned in the EU.

Property purchases started the year with record figures. In January, 47,289 transactions were registered, the highest figure since May 2008, and an increase of 23.1% year-on-year, according to data from the Spanish National Institute of Statistics (Instituto Nacional de Estadística or INE).

Interest rates for mortgage loans are at a low right now, and it’s possible to can earn more than 7% each year if you invest in a property in Spain.

The price of used properties in Spain saw an increase of 1% in the month of February, making the average 1,613 euro/m2 or 150 euro/sq ft, according to the latest property price index from idealista.

When it comes to buying yourself a home, the choice of whether to buy new or used is an important one.

The growing arrival of ex-pats in Spain benefits not only the tourism sector, but also boosts the property market. In 2017, foreigners bought more than 61,000 houses, largely in the coastal provinces and the islands.

As expected, property transactions in 2017 by far outstripped 450,000 operations, according to data from the Spanish National Institute of Statistics (Instituto Nacional de Estadística or INE).

Buying a house is a lengthy process with lots of official hoops to jump through - use this comprehensive checklist to tick things off as you go. Check with the local authorities that the transaction is legal i.e.

Before… The Property Bubble: House prices rose astronomically during the property boom before finally levelling out in 2007, when Spain started to fall into its economic crisis. This lasted until 2012/13, and in this period house prices fell 35-50%.

Selling your house is a big moment, so follow these simple steps to make sure you’re doing it right: 1. Prepare the documentation: Before selling, it’s advisable to gather together all the important documents related to the property.

It’s absolutely vital when you’re doing a visit to any potential property to keep these things in mind: 1.

Living in an urbanización or private estate formed of apartments, houses or villas is common practice in Spain, and recommendable for various reasons: With facilities like swimming pools and tennis courts, communal gardens and play areas for the kids, you’ll have everything you need right on your

Spain offers many different types of properties compared with Britain. Before you start looking, you should be very clear on the following: Why are you buying? (holiday home, investment, somewhere to retire…) How will you spend your time there?

So you’ve decided to buy property in Spain. Now what? What with everything being in Spanish and the property market being so different, it can be quite daunting for first-time expat buyers. Fear not!