Buying property in Spain

Spain's Platform of People Affected by Squatting (PAO), like many others, has expressed its worries concerning the country's new Housing Law.

1. Store of value. In times of political and economic instability (war, stock market crash, global pandemic, bank runs, high inflation, etc), gold and real estate are king as traditionally they act as safe havens where savers shelter their money to weather the storm. 2. Staves off inflation.

As usual, the world's richest people look to Paris or New York to buy a luxury home to live in. And this year, these major cities are joined by Miami, Tokyo, London and, once again, Madrid, which returns to ninth place among billionaires' favourite cities, according to the BARNES Index City 2023.

Foreigners have more influence than ever in the Spanish housing market.

We never really think about our home insurance until we need to: when something happens, i.e. a broken window, a jammed door, a broken toilet, etc. But remember, your home insurance covers them. Is it worth paying for home insurance?

The Alicante real estate company headed by Sergio Vidal Balaguer, Goya Real Estate, will invest €80 m in the second tower of the Gran Delfin project in Benidorm, which includes a luxury hotel and residential resort with two skyscrapers on the seafront of the Poniente beach in the city of Benidorm.

Spain is among the countries with the cheapest mortgages in Europe, despite the sharp increase in interest rates in recent months, according to data compiled by the European Mortgage Federation (EMF). This group collects data from 12 European countries and, according to its latest statistical bulle

Prefabricated houses are already established in the Spanish real estate market, which has seen the number of companies dedicated to their construction increase considerably in recent years.

If you're searching for your dream home in the Spanish sun, why not make the Canary Islands your destination of choice.

The year 2022 closed with 717,558 property sales transactions, 6.42% more than the previous year, reaching the highest level of operations since 2007, when 836,871 were recorded, according to provisional data from the Real Estate Transactions Statistics of the Ministry of Transport, Mobility and Urb

The Spanish real estate agency Solvia forecasts that house prices in Spain will continue their upward trend in 2023, although with a moderating trend that will lead to end the year with rises of between 1.5% and 2.5%.

Non-resident foreigners buying properties increased by 43.9% in 2022, to 63,050 transactions, according to provisional data from the Ministry of Transport, Mobility and Urban Agenda's (Mitma) real estate transaction statistics. Meanwhile, property purchases between non-resident Spaniards grew by 2.

The percentage of household income needed to rent or buy a two-bedroom house is close to 30% in Spain.

Villas for sale in Spain can be found in many different locations throughout the country, ranging from coastal areas to rural villages and city communities.

Following the 2008 financial crisis, the role of mortgage brokers in Spain became particularly important. They are professionals who act as mediators between the bank and the individual who wants to take out a mortgage.

Getting the whole family together is always a source of joy, but in order to do this, you must have optimal space and even more so when it comes to a large family. And what better place to get the family together than in Spain.

With the arrival of spring, Spain's islands and coasts are regaining their tourist appeal, which means a boost for housing transactions. But what can we expect for this year, marked by uncertainty?

The price of a typical 100 m2 home over 50 years old can increase up to €50,000 after complete renovation, according to data from Sociedad de Tasación collected by Ok Diario.

The Governor of the Bank of Finland and member of the Governing Council of the European Central Bank (ECB), Olli Rehn, has voiced his support for continuing to raise interest rates and does not expect the institution to reach the terminal level of the reference rate until the summer.

Calle Serrano in Madrid (€11,400/m2), Paseo de Gracia in Barcelona (€9,915/m2) and the main streets in the centre of San Sebastian, such as Avenida de la Libertad, Calle Hernani or Plaza de Guipúzcoa (€8,040/m2) are some of the most expensive in Spain to buy a house, according to a report by Tecnita

Spain has approved a new set of general guidelines in its Annual Tax and Customs Audit Plan for 2023, known simply as the "Plan de Auditoría Tributaria Española 2023" (Spanish Tax Audit Plan 2023).

The Spanish Statistics Institute's (INE) Population and Housing Survey confirmed that most households own their homes in Spain at 75.2%. This includes fully paid properties (38.1%), properties with outstanding mortgages (26.4%) and inherited or loaned homes (10.7%).

Knowing a property's value is essential when you are ready to buy a home. However, there is not just one value to consider, but two (or even three if the final purchase value is taken into account). The most relevant are the rateable value and the market value.

The Balearic Islands wants to restrict the purchase of homes by non-resident foreigners.

If you buy a property in Spain that is part of a development then you will be obliged to pay what are known as community fees.