Buy house

Understanding the mortgage rates in Spain is important for anyone looking to move to, or buy property in, one of Spain’s many popular towns and cities.

If you're tired of your home and considering a move, selling might seem like the only option.

Sixty per cent of Spaniards find it "hard or very hard" to take out a mortgage, according to the Unión de Créditos Inmobiliarios (UCI), a joint venture between Banco Santander and BNP Paribas.

Spain’s Mediterranean coast offers a range of brand-new flats and apartments, perfect for those seeking modern living in a sun-drenched setting. Stretching from Costa Brava to Costa del Sol, these properties feature sleek designs, high-end finishes, and amenities like pools and gardens.

Though Formentera may be less well-known among the Balearic Islands, it has shed its secretive past and transformed into the Mediterranean's own Caribbean paradise.

The Spanish property market is alive and well, with emerging locations offering exciting opportunities for investors and those seeking a slice of Spanish life.

With house prices rising steadily, auctions can offer significant savings compared to the free market. As a result, the general public is showing increasing interest in this formula, information on which can be found on the Official State Gazette's (BOE) auction portal.

Imagine waking up to the sound of waves and having a sandy beach just metres from your doorstep. Beachfront property for sale in Spain is highly sought after for its prime locations and stunning views of the Mediterranean Sea.

The Alfa Inmobiliaria network assures that in the last two years the number of people interested in purchasing a home outside of large cities has doubled, caused by factors such as the difficulty of accessing property and the greater facilities for working remotely.

Home buying in Spain will increase 7%–10% this year, according to the real estate brokerage company donpiso, which assures that there has been a significant increase in demand for properties in holiday destinations in Spain since the beginning of March. Spring caused the second home market to accelerate, which is why real estate transactions skyrocketed in recent months in Spain.

Spain is a popular tourist destination, especially known for its beautiful beaches. In this context, beachfront flats are an increasingly popular choice of accommodation and residence: they are usually located just a few steps from the sand and generally offer spectacular views of the sea or ocean.

You can find real architectural gems in Spain, many of which are for sale on idealista. This 17th-century manor house is certainly an example and has become one of the most viewed properties on the portal these days.

The president of the Government of the Canary Islands, Fernando Clavijo (CC), has stated in the control session of the Canary Islands Executive in the island Parliament that it is time to negotiate with the EU the possibility of limiting the purchase of housing by foreigners in the archipelago. Just a few weeks ago a similar proposal from Nueva Canarias was rejected.

It has always been said that buying your first home is one of the most difficult decisions of your life. Knowing where you want to live, the property's layout and the area are factors to be taken into account. But it's a decision that experts say is made in a time of need. The same does not happen with second homes: a thoughtful decision, but a little less so, and one that awakens a need when you begin to glimpse summer.

The consensus of companies in the real estate sector for 2024 highlights that housing prices will continue to rise in Spain, although at a slower pace than in previous years, while they expect sales to remain in line with 2023, with a slight drop in operations. We review the forecasts of entities such as CaixaBank, BBVA, S&P Global and other companies.

The eternal doubt of whether it is a good time to buy a house is never resolved, since subjective and personal factors always come into play. However, with the data on the table and knowing a little about how the sector has evolved in other cycles, you can know if the scenario is more suitable to jump into the pool of home buying or not. According to a panel of experts consulted by idealista/news, now would be a good time to buy a home because there is a very active demand and a shortage of supply. “If it fits you, it's time to buy,” say some of the sector professionals interviewed.

Spain's luxury residential market is experiencing a boom. Climate, infrastructure, quality of life and security are the main reasons why buyers of luxury and ultra-luxury homes (over €5 m) choose Spain to live in. Marbella is one of the epicentres of ultra-luxury. Specifically, the most expensive square metre is in homes on Marbella's beachfront in Marina Puente Romano complex, reaching €30,000 per square metre. And when the property is good... the sale takes place “off market”, that is, it does not go on sale publicly and takes only between one and three months to sell.

Looking to make your dream of owning a holiday home or luxury villa in Spain a reality? Whether you're actively searching or simply exploring your options, you've come to the right place.

If you've ever dreamed of taking the plunge, leaving the big city, buying an old village house and renovating it, now is your time (as long as you live in Catalonia). The Generalitat has just launched a grant for renovating homes located in small villages. Its aim is to encourage residents or families who want to move in permanently to live in the area by renovating old, often vacant or dilapidated buildings. Grants can be up to €40,000.

For a long time, Spain has been a popular destination for second-home buyers.

Foreigners bought 63,183 homes in Spain in the second half of 2023, 10% less year-on-year; representing 20.9% of total transactions, below the two previous semesters. However, data from notaries place the average price paid by non-residents for properties above €2,700/m2, the highest figure on record. Only Asturias managed to break the record, while the Valencian Community accounted for 30% of the total. By nationality, the British continue to lead the ranking, while purchases made by Colombians reach maximum levels.

Andorra is attractive for its scenery, ski slopes and the tax benefits its residents enjoy.

Spain captured a total of $2.210 billion (€2.060 billion) in real estate investment in the second half of 2023, placing it among Europe's top four countries to invest in real estate and the world's top 10. As revealed in Colliers' 'Global Capital Flows' report for the second half of 2023, Spain ranks eighth in the world, while the United Kingdom is in first place.

These luxury homes with sea views offer an unrivalled degree of exclusivity and are meticulously designed to satisfy the most demanding standards.

Real estate professionals are increasingly needed to mediate operations. According to data from the Federation of Associations of Real Estate Companies (FADEI), the Spanish real estate sector employers' association, real estate agencies already mediate seven out of ten home purchase and rental operations in Spain. According to the association, the benefits of having the services of a professional in the sector are clear: a real estate agency can sell a home 30% quicker and, can reduce viewings by 80% for rental properties.