Buying property in Spain

According to the latest Global Property Handbook report by Barnes, Madrid has been ranked the fourth favourite city by high net worth individuals (HNWI), or in other words, wealthy people, to buy a home.

I feel compelled to preface this article by stressing that buying rural property in Spain has associated higher legal risks as opposed to buying urban property; specifically when it comes to buying a dwelling.

Despite the challenges posed by the cost of living crisis, escalating house prices, and inflation, the Spanish property market still presents significant opportunities for finding affordable homes for sale.

Sixty-five per cent of the properties listed for sale on idealista in the fourth quarter of 2023 were under €150,000, according to a study published by idealista, southern Europe's leading real estate marketplace.

Many people know what their dream home is like and wonder whether they should buy or build a house. Both options have pros and cons, and what you decide depends on your needs, preferences and budget. Examine the implications to make the right choice.

If you've been looking at the property market for some time and want a first or second home in Spain, you should take the plunge this year. Some factors suggest you should buy a property in 2024.

Buying a house is one of the most important moments in a person's life. Many hopes, dreams and money are invested in this decision. However, it's always a good idea to prepare some questions to ask the seller or the real estate agency that manages the property to avoid risks.

The towns and cities with the greatest pressure of demand on the supply of homes for sale in the last part of 2023 and the beginning of 2024 were concentrated between Madrid and its outskirts, such as Las Rozas, Mostoles, Getafe and Alcala de Henares.

The supply of properties for sale fell by 8% in the fourth quarter of 2023, compared to the same quarter of the previous year, according to a study published by idealista, southern Europe's real estate marketplace.

The Costa del Sol (Málaga) remains a prime location for the foreign worldwide community, attracting millions of visitors every year for the host of reasons collated below.

Many of us have the dream of owning a big house, but the cost can often be a barrier, especially nowadays when getting a mortgage can be tricky.

On dealing with property in Spain, you will often come up with a series of property values that may seem somewhat confusing at a first glance. Some people are surprised to find these valuations differ significantly from one another. In today’s post we briefly explain each one and their purpose. 1.

The real estate market ends in 2023 with record figures for foreign home buyers despite the uncertainty and interest rate hikes.

Co-ownership has grown in the winter real estate market. Vivla has six premium homes in the most exclusive residential areas near the resort Baqueira Beret. All homes are in prime locations, close to the slopes, and adapted to skiing or mountain sports.

In 2023, the Community of Madrid experienced a year of falling sales and rising housing prices and rent.

Real estate investment in Spain is one of the most attractive options for those seeking medium- and long-term returns.

Zaragoza is a uniquely charming city, brimming with history, culture and an unrivalled quality of life. Nestled in the heart of Aragon, it offers a blend of tradition and modernity and allows for a quiet life yet full of possibilities.

"The house that no one dared build until now".

Spain has many really beautiful and strange buildings that you won't find anywhere else in the world.

Santa Cruz de Tenerife is an ideal destination for those seeking a change of residence, with an enviable climate, a wealth of culture and a quality of life that attracts people from across the globe.

Renovating a property can be a lengthy and expensive process.

This week's dream home is in the province of Tarragona.

The consultancy firm Colliers believes that 2024 will be a challenging year for the real estate sector across Europe.

Entering the world of property investment can be a momentous decision for your financial future. Investing in rental flats has become one of the most attractive strategies for generating passive income and building long-term wealth.

The shopping street with the highest rental prices in Spain is Barcelona's Paseo de Gracia, with a prime rent of €3,000/m2 per year (+9%), according to the global report 'Main Streets Across the World' by the real estate consultancy Cushman & Wakefield.