Buying property in Spain

Following the pandemic, second homes and holiday homes received a major boost occupying a prominent role in the Spanish housing market, both as a form of investment and for households looking to own another home and benefit from it for much longer.

One more year, the increase of rental prices has pulverised all previous records! Rental prices have soared by two digits over the last year on average in large cities and coastal areas. This consolidates a long standing trend that goes all the way back to 2016.

Finding your dream home in Spain is a tricky business. And when you find it, the problem is that you may coincide with another buyer who is also keen to get their hands on the property.

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.

If you are looking for a flat for sale in Spain and are open-minded, let us propose an alternative. How about buying yourself an entire Spanish village? A village in the Spanish region of Galicia has just been put up for sale and costs less than a flat in Madrid or Barcelona.

Will property prices fall in Spain in 2023? This is likely to be the case, as house prices in Spain and in most of Europe will experience a correction during 2023 and in some countries also in 2024.

Mortgage interest rates are on the rise, but in spite of this, many people are still choosing to buy property in Spain, as prices start to stabilise going into 2023. If you're renting and you want to own a property then the process is relatively simple.

Foreigners are once again buying homes in Spain en masse following the end of the health pandemic. According to data from notaries, foreigners bought 72,987 homes in the domestic market in the first half of the year 2022, the highest figure in the historical series that began in 2007.

The rental price per square metre per month in Barcelona averages at 21.8 euros, making the Catalan city the most expensive place to rent in Spain. Madrid is the second most expensive with an average of 17.3 euros per square metre per month.

No one has a crystal ball to know exactly what the price of housing will do in the coming years, especially when totally unexpected events occur, such as the pandemic caused by COVID-19, or even the war in Ukraine.

The ECB’s erratic and lacklustre monetary policy, always lagging behind and copying the resolute path set by the US Fed, translates into a weak euro. The US has no qualms to firmly hike the price of money to stave off inflation - unlike in Europe.

In Spain there is a shortage of housing in the rental market, while more and more people are opting for this type of accommodation.

Owning a property can raise many questions, especially if you are doing so in Spain where the system is often different and has its own peculiarities.

Foreigners are buying more and more homes in Spain, so much so that it has been a record summer. According to the Property Registrars in Spain, "foreign demand has registered its highest level in the historical series, reaching the highest amounts, especially in recent quarters.

Foreigners are paying the highest prices in history to buy homes in Spain.

Between January and June 2022, 328,208 home sales and purchases were recorded in Spain, levels not seen since 2008.

The Passive House standard, also known by its German name, Passivhaus, is possibly the world's leading design standard in energy efficient construction. And now, prefabricated passive houses are available in Spain with prices starting from 50,000 euros.

Where is the most expensive property in Spain?

September marks the end of the summer and the start of autumn. Autumn is the high season for property sales.

Each of the 50 Spanish provinces has at least one property for more than one million euros advertised on idealista, the leading real estate marketplace in southern Europe, but the distribution of these properties is not at all consistent.

The most exclusive street in Spain for buying a property is located on the Costa del Sol and covers the entire urbanisation of Coto Zagaleta, in the municipality of Benahavís in Marbella.

Prefabricated houses are becoming more and more popular in the Spanish construction industry. In recent years there has been a boom in the number of companies dedicated to modular housing in Spain and even large developers have embarked on industrialisation.

For the research branch of the Spanish bank BBVA, improving the employment situation of young people, increasing the supply of housing and legal certainty are the lines of action needed to facilitate access to renting among young people in Spain, according to its study 'Measures to encourage re

When buying a property in Spain, whether it's a holiday home or permanent residence, you will have to pay some sort of tax.

Property prices in Spain 2022: Are house prices going to drop in Spain? Is it a good time to buy property in Spain 2022?