Living in Spain is a dream for many people, especially moving to the Mediterranean Coast, or to Spain's Balearic or Canary Islands. Many invest in property simply so they can spend their holidays in the sun, while others plan to live, work or retire in Spain.
Many people dream of living close to the beach and Spain is a country with some wonderful coastal properties which may not cost as much as you might think. In Spain you can get your hands on an amazing beachfront property for a real bargain.
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 luxury Tagomago Island, known as Europe’s most exclusive private island, has hit the headlines before as being a favourite destination for the rich and famous, with celebrities such as Cristiano Ronaldo and Justin Bieber spending the holidays in the island’s only luxury villa.
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.
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 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 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.
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.