News and articles, page 46

If you are an ex-pat, financial operations and payments will become easier as soon as you open a bank account in Spain. An account in a Spanish financial establishment will be especially convenient if you plan on acquiring an apartment in Spain, or even if you plan to relocate to the country for permanent residence. Read this guide to find out how to open a Spanish bank account. Content: How to open an account in Spain?

Despite the harsh factors, such as the pandemic in 2020, inflation, and war in Ukraine, the real estate market has not only moved from its place, but it behaves in a way that has not been seen since the "bubble". If the sale of apartments is already at an appropriate level that has not been observed since 2007, then prices reflect the same tendency. According to the latest INE data, in Spain, apartment prices grew by 8.5% in the first quarter of 2022. This is the highest price increase since the second quarter of 2007. It was 15...

Spanish real estate is a very attractive buy-to-invest option. Due to strong fundamental indicators, the sector is healthy and stable in the face of a possible crisis or uncertainty that could be caused by inflation or growing interest rates. However, various experts in the sector indicate the risk that needs to be taken into account and the thing that can affect its effectiveness: legal uncertainty. "Spain continues to be a magnet for international investors," says Antonio Sanchez Recio, PwC partner responsible for real estate. He...

Buying and selling a common residence has become fashionable in Spain. Pacaso, Vivla... and now Suomma. All of these companies have broken into the Spanish housing market in recent months. They brought the new invention of co-ownership in multi-family housing. It is about buying real estate together with other owners, but at a much more affordable price and using the property for a period of time proportional to the share owned by the co-owner. Until now, such companies as Pacaso have focused on the elite segment, spending around...

Housing investment is now picking up again. The real estate market has recovered and offers interesting alternatives. "Spain is in fashion. It has been an early leader in real estate tourism," says Ángeles Serna, TM Real Estate Group’s President. She also notes the growing interest in buying a second home. Information provided by the National Statistics Institute shows that the sector is doing well. Real estate sales grow and regain levels previously seen in early 2008. The coronavirus pandemic has changed life priorities....

For the popular adoption of the cryptocurrency market in the real estate sector, the Spanish real estate consultancy El Sol Grupo becomes the first one in its sector to use the new opportunities offered by crypto. El Sol Grupo partnered with Bit2Me, the first company recognized as a virtual currency service provider by the Bank of Spain. Thus, the real estate consultancy provides its clients with the opportunity to work with crypto in the housing market. It offers the best guarantees by Bit2Me and adapts a department with experts who will...

In Spain, the volume of housing transactions reached almost 675,000 transactions in 2021. It is a 38.3% increase in comparison with the previous year and the highest absolute rate since 2007. Similarly, the province of Soria saw a growth of 27.4%, with more than 1,300 transactions, while in Castile y León the figure reached 36.2% (almost 32,800 transactions recorded in 2021). In both cases, these numbers have not been reached since 2009 and 2008, respectively. However, it is important to note that a significant part of these...

If someone still had hopes that in the near future, or at least in the medium term, the situation with extremely expensive housing in Ibiza and Formentera will improve. Such people can finally give up all hope for such changes. Omar Garcia, Director of Real estate at CaixaBank Banking Group in the Balearic Islands, warns: «The demand for real estate on these islands will not change. There is nothing to indicate that prices may decline in the near future. The reverse outcome is most likely — prices will only grow. What is the reason?...

The real estate consulting company Activum Real Estate Consulting analyzed data on the real estate market in the northern regions of Spain and presented interesting data on the results of the analysis in its latest report. The report contained a detailed analysis of the real estate market in Galicia — the region with the largest supply of new residential real estate. Thus, the north of the country alone offers for sale more than 1,800 residential units in 36 complexes. Prices for new housing in the largest cities of Galicia vary...

There is a special place in Catalonia that attracts a lot of attention from buyers from all over the world. It is unique, picturesque, but above all it is in the spotlight of the upper class of European society, which means it is prestigious. We are talking about the resort town of Empuriabrava in Catalonia. This area is especially popular with the French and Germans, who highly appreciate the local coastal real estate with a wide variety of berths for various kinds of sea transport. The average price for objects in this region fluctuates at...