News and articles, page 23

At the moment, the purchase of housing in Spain is becoming a real test for buyers. In the last couple of years, after the grip in which COVID-19 has held the global economy since 2020 loosened, the Spanish real estate market has experienced a significant recovery. In 2022, it managed to reach the peak figures recorded in the market before the economic crisis of 2008. It is possible to note many positive features from such a recovery, but everything has a downside. The growth process has led to an extraordinary rise in the price of...

The Costa Dorada is gradually recovering from the pandemic and withstands the blows of the emerging economic crisis, relying on the tourist segment and the ever-growing popularity among wealthy buyers, both of Spanish origin and foreigners. In this region of the country, it is possible to find many elite objects created specifically to meet the needs of the wealthiest buyers. Below are two examples of premium homes that can be found on the Costa Dorada. You can pay attention to a villa in the small resort town of Koma-Ruga....

The winds of change are sweeping through the Spanish real estate market. Although 2022 ended with excellent indicators for the market, in sales, proceeds, volumes of attracted investments and demand, 2023 is preparing a number of tests for the real estate sector at once. Stagnation and recession are considered by most experts as an imminent prospect for the market, one of the key factors of which is rising mortgage lending rates. What should ordinary customers do in this situation? Lending rates will not stop their growth until at...

Record rates of inflation growth will continue to undermine the purchasing power and reduce the savings of citizens of the European Union in 2023. The EU is also predicting a reduction in economic growth, but Spain will show relatively better results than the eurozone average, thanks to the growth of its services, tourism and real estate sectors. According to the Bank of Spain, already in the third quarter of 2022, the country's public debt has already reached 116% of its GDP. And this is without taking into account the recent...

At the end of January 2023, a new package of measures to support the Spanish real estate sector came into force, approved by the Council of Ministers to mitigate the impact of record inflation, rising interest rates, crises in the global and national economy, as well as in the political aspect of international relations. The latter, in particular, concerns the impact of the armed conflict in Ukraine. The main innovation of the latest package of measures embodied in the new Royal Decree will be a mandatory six-month extension of the...

In 2022, the Spanish residential market was in good condition for homeowners. Demand was growing, prices were rising, and the return on investment was growing. Last year, according to Tinsa, the cost of apartments in the country increased by an average of 8.8% and growth was observed in almost all cities of Spain. However, there were also exception cities. An example of such a local market, whose prices have fallen markedly in the past year, is Samara. In this city, the cost has fallen, including on the ground. ...

During 2023 and 2024, there will be a noticeable price correction in the housing market in all European countries. Inflation, rising interest rates, the economic and international political crisis, falling incomes of the population, problems in the labor market, energy markets, building materials and much more — all this will gradually contribute to the overall movement of markets. However, according to experts at S&P Global Ratings, a collapse in the market should not be expected. The weakest countries in terms of prices, those...

The international developer Dar Global is going to start work in Spain and its first projects will be two exclusive centers for active recreation — an equestrian sports club and a golf center. For their construction, the company has already acquired a plot of more than 4 million square meters in Manilva, in the Costa del Sol. These projects will be aimed at attracting international interest in equestrian sports and golf and inspired by such popular destinations as Sotogrande and Valderrama. The plot in Manilva is picturesque — it offers a...

Spain is also known for the diversity and wide geography of its marinas, that is, parking lots for yachts and boats. The extremely long coastline, densely populated islands, mild climate and good technical capabilities have made Spain one of the centres of hospitality for yachtsmen from all over the world. Whether it is a superyacht or a small boat travelling around the world in the Mediterranean Sea – everyone is welcome here, and everyone will have the necessary service and opportunity to relax on the shore after a voyage. It is not...

The Valencia housing market performed well in 2022, withstanding pressure from a whole range of crisis factors, including inflation, rising construction costs, rising mortgage lending rates, the energy crisis and a shortage in the labor market. All this, as well as the general uncertainty in the prospects for the development of the global economy, has crippled many markets, but Valencia was able to record several quarterly sales and price increases at once, including setting a record in the volume of housing transactions in the third quarter...