Coronavirus

The unexpected crisis caused by the COVID-19 pandemic in Spain and across the world has put the brakes on the real estate recovery that began in 2014. In the coming quarters the housing market faces a drop in sales, mortgage signing, prices and investment operations.

Traditionally one of Europe's busiest airports, the transfer of people and cars through the Adolfo Suárez Madrid Barajas Airport seems a distant memory.

With Spain beginning on the road to recovery after the COVID-19 crisis with its reopening plan, additional measures have been introduced for those entering Spain from abroad.

With their eyes already set on what is being called the "new normal", real estate agents in Spain are beginning to wonder what the consequences and recovery will look like and what the keys to a successful come back are that they must carry out in the wake of the coronavirus crisis.

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.

Tenants who are in a situation of economic vulnerability due to the coronavirus crisis in Spain may request a moratorium or cancellation of rent from their landlord until 2nd July 2020, as established by the Royal Decree Law 16/2020, which has extended the application period to three months.

At the beginning of May, the Spanish government published a set of new measures that are part of a gradual recovery plan to get the country out of the strict lockdown that was put in place in March in a bid to curb the spread of the COVID-19 pandemic throughout the country.

Last weekend, Spain’s Official State Gazette (BOE) published a set of new measures that are part of a gradual recovery plan to get the country out of the strict lockdown that was introduced in March in a bid to stop the spread of the COVID-19 pandemic.

From Monday 4th May, real estate agencies have been able to open their premises subject to prior appointment and give personalised attention to clients in Spain, as was established in phase 0 of the measures to lift the coronavirus confinement.

Some trade associations are advocating the same freedom of opening that the sector already enjoyed during the 2008 crisis.

The obligation to remain confined to our homes since 15th March due to the state of alarm decreed by the Spanish Government has altered all of our daily habits, including consumption at home.

The commercial real estate company, Cushman & Wakefield, has drawn up plans of how offices may look after the coronavirus crisis in Spain and beyond.

Madrid, along with the rest of Spain, has been in coronavirus lockdown at home for over a month.

The COVID-19 crisis has taken its toll on the Spanish holiday home market, along with so many other economic implications.

Last Saturday, the President of the Spanish Government, Pedro Sánchez, announced in a new hearing the extension of the state of alarm due to the coronavirus outbreak in the country. This extension has now been passed in parliament and will come into force on 26th April 2020.

The Ministry of the Interior in Spain has issued a guide for state security forces in a bid to standardise criteria when giving out fines for breaching the confinement decreed in the state of alarm for the coronavirus.

The time has once again arrived for taxpayers in Spain to consult their tax data online or on the Agencia Tributaria app run by the Spanish tax office.

San Fermin, Spain's most famous bull run, is celebrated every July in the northern Spanish city of Pamplona in the region of Navarre, but the event which draws crowds of over million revellers, including tourists from abroad, will not be taking place this summer.

The global crisis of the coronavirus pandemic has meant that thousands of employees are working remotely from their homes in Spain.

The spread of the coronavirus in Spain has led to the largest rise in unemployment in history and the largest drop in social security enrolment.

Italy and Spain are, together with the USA, the countries most affected by the coronavirus pandemic both in terms of infections and deaths from COVID-19.

The Seville April Fair has officially been postponed due to the coronavirus outbreak in Spain. The mayor of the Andalusian city, Juan Espadas, for now has proposed postponing the event, which was meant to begin on 26th April, until September 2020.

During the current coronavirus crisis in Spain, it's always good to try and look for the positives. The housing market doing exacty this and is trying to get a more positive reading on the health crisis and the economic blow expected from the COVID-19 outbreak.

Ricardo Sousa, CEO of Century 21 in Spain and Portugal, sees it highly probable that "due to the economic situation of the owners and investors, some have the urgent need to sell in order to face the lack of liquidity, so they will apply discounts to achieve a quick sale of their properties in

In 2020 the advantages of the Internet are endless and at the moment, we can take advantage more than ever due to the coronavirus outbreak which has left Spain housebound: you can comfortably buy food, clothes or gadgets without having to leave your home.