Buying property in Spain

Spain is one of the countries preferred by foreigners both for holidays and for buying property.

Spain continues to be a favourite destination for expats and foreigners, with an increasing number choosing to buy all over Spain, the most popular destinations for foreigners still being the Spanish “costas” and islands.

The sale price of properties on the Spanish coast fell by 0.4% during June, to 1,749 euros/m2, according to a study published by idealista, the largest real estate marketplace in Spain.

The idealista website is full of surprises. This charming village in the region of Asturias in the north of Spain that has been for sale for more than two years has gone down in price and might just tempt some adventurous buyers to move to Spain.

The Property Guides website has recently carried out a survey on the growing desire of the British to buy property in "sunny Spain".

One of the best ways to buy a cheap house in Spain is to buy an off-plan property. An off-plan property is simply a property that hasn’t been built yet, something that is on the rise in Spain. During the recent coronavirus crisis, the construction sector of new houses in Spain has tak

With the current state of the property market, including certain instability after the coronavirus pandemic in Spain, people are looking for cheaper ways to purchase a house or flat in Spain, especially new constructions with larger surface areas and outdoor space.

You may have heard the term ‘snagging’ before and may be wondering what it means. Snagging is an informal expression used within the construction industry which is used to describe the process of defect identification and resolution on buying off-plan properties.

In 2019, Spain granted 681 "golden visas" to foreigners who paid more than 500,000 euros for the purchase of one or more real estate assets, according to data collected by one of Spain's main newspapers, El País. This figure is a record for the country.

The economic and real estate scenario that has been caused by the coronavirus pandemic in Spain is seemingly worsening as the weeks go by  according to experts.

"A swimming pool, a garden or terrace and, most importantly, somewhere with good connectivity and the possibility of having fibre optic broadband".

Many areas of Spain are already looking forward to the third phase of de-escalation after many weeks of confinement at home.

The purchase and sale of housing in Spain by foreigners grew by a slight 0.5%, in comparision to the previous year, in the second half of 2019 to over 50,500 transactions, according to notaries in Spain, for an average price of 1,801 euros/m2.

The coronavirus crisis has seemingly not stopped the demand for home ownership in Spain.

The impact of the health and economic crisis caused by the COVID-19 pandemic is hitting the residential market hard: the way in which we buy, rent and sell property is changing and in general, the price of housing is currently frozen and most property sales are on hold.

You may have heard the term ‘Licence of First Occupation’ (LFO, for short) before and wonder what the fuss is all about.

Spain is currently experiencing extraordinary circumstances during the period of confinement due to the coronavirus outbreak in the country.

If you had planned to move to Spain in 2020, you understandably might be having some second thoughts due to the current COVID-19 outbreak in Europe and across the world.

Leaving the house is currently not an option but this doesn't mean you can't enjoy having a look around some of Spain's best properties on the market.

Aedas Live is being presented as the solution to overcome the mobility restrictions imposed by the government on citizens due to the coronavirus crisis.

Spain and Portugal have taken advantage of the recent years of economic recovery to attract large international investors and to enter the list of the most interesting real estate markets in developed countries. "The Iberian market is a perception of any investment.

Living in a house in the city can have one big disadvantage: the lack of space. A duplex apartment, or a maisonette, could however be the solution, especially for families in search of more space.

Disclaimer: this post is of general interest only and is not to be construed or intended as substitute for professional legal advice. Seek legal counsel on your matter. You have fallen in love with a property in Spain and now it’s time to take the dip and sign the contract!

When you think of living in Madrid, your first thought may be a busy city or living in a small flat, but Madrid has some hidden gems like this unique property located in the prestigious suburb, La Moraleja.

Before you know it, summer will be upon us again and the market for second homes and holiday homes in Spain continues to grow. In 2019, there was a notable increase in both local and foreign demand.