Purchase property

When it comes to housing, the most common question is: should I buy or rent? But there is a halfway option that lets you enjoy the benefits of both.

The districts of Salamanca, in Madrid, and Sarria-Sant Gervasi, in Barcelona, are in the 'top 10' luxury neighbourhoods in Europe's most important cities for buying a home, according to the estate agency Evernest. The top spots among these most exclusive neighbourhoods to buy a home are Kensington-

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According to the Registrars, Data on property purchases closed the second quarter of 2023 with a 5.6% year-on-year fall. The fact is that 2022 was a record year, reaching transaction figures not seen since the real estate boom.

When we look for our first home, we do so with the desire to find the magic formula of good, lovely and affordable.

Many foreigners apply for a mortgage in Spain to buy a home.

Establishing a usufruct for life on a property involves dividing the property's ownership. From that moment on, there will no longer be one absolute owner with all the rights over the property.

The new non-resident mortgagor profile in Spain shows that buyers are increasingly younger due to the increase in teleworking. They're mainly from countries like the United Kingdom, Germany, France and Belgium. However, according to an analysis by Uión de Créditos Inmobiliarios (UCI).

Housing market shifts are being triggered by the economic situation, interest rates, demographics and changes in current needs.

Foreign buyers' interest in finding a home in Spain is evident, even in towns of less than 5,000 inhabitants. Besides towns in areas traditionally attractive to foreign tourists, there are other towns in less obvious regions, including one in Asturias.

Housing continues to be at the heart of investors' interest.

Marbella, Benalmadena Costa and Estepona account for 72% of the new-build supply, according to Activum Real Estate Consulting in its latest study on the real estate scene in the Andalusian province. Up to May, more than 3,100 new homes had been sold, behind only Madrid, Barcelona and Alicante.

The shortage of supply in the US residential property market is due, to a large extent, to the dwindling used home stock.

Real estate agency Benham & Reeves' study estimates that foreign-owned homes in England and Wales are worth £78.8 billion (€90.5 billion). Hong Kong nationals have the largest residential wealth (£10.8 billion), followed by Singaporeans (£7.2 billion) and US nationals (£5.1 billion).

It's peak tourist season in Mallorca, and alongside the usual holidaymakers flying in to enjoy the sun, sea, culture and Richard Branson's new Son Bunyola hotel, more people are looking for properties. Prices are also rising.

All 50 Spanish provinces have at least one property for more than €1 million listed on idealista, but their distribution is not even. The provinces of Malaga, the Balearic Islands, Madrid and Barcelona have 70% of all available properties above that amount.

The prime housing market is moving at a different pace to the rest of the residential market, no matter the destination. The real estate consultancy Savills says that more than 70% of luxury property purchases in London were made in cash between January and May this year.

Uncertainty, inflation, and rising mortgage rates are taking their toll on the UK residential market. And in the capital, London, it is already causing house prices to fall.

No one can promise you the moon, but they might be able to buy you a plot on it. This is not Moon States' slogan, but it could be because this American company, headed by Dennis M. Hope, sells plots on the moon for €34.00 per 0.4 hectares.

Savills Sardinia is selling a wonderful villa with a swimming pool in Porto Rotondo, Punta Volpe resort. The property, originally purchased by actress Claudia Cardinale and designed by architect Gianni Gamondi, overlooks the Gulf of Punta Lada with breathtaking bay views.

It's August, you're looking for a flat or maybe you want to put your property up for sale. Many will tell you, "It's a bad month to close a deal". Many buyers and sellers have had this idea instilled, but it couldn't be further from the truth.

Seville is gaining prominence in the residential sector. Leading new-build developers in Seville currently have more than 8,600 homes available in the capital and growing neighbouring areas, such as Dos Hermanas and Aljarafe.

Possibly the most expensive property for sale in Spain can be found on Marbella's beachfront, just a few minutes from the Marbella Beach Club and Trocadero Beach.

When you are fortunate enough to accumulate millions of euros, anonymity and privacy become your most prized attributes.

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