News and articles, page 56

The real estate market is one of the main driving forces of Spain's economic recovery. In particular, it is predicted that 2022 will be an excellent year in terms of sales and investment inflows. However, there are a number of problems that have affected and continue to affect the sector, such as, for example, the problem of access to housing among young people. The employment situation and current real estate sales prices are the main reasons preventing young people from accessing housing. In this regard, large investors and...

At the end of 2021, foreigners bought the same amount of property in Spain as the same period in the last prosperous year before the pandemic. The first place for the number of transactions was by investors from the UK. In second place are German citizens. The Spanish property market is popular with international buyers. Traditionally, at least every tenth property in Spain is foreign-owned. The latest data shows that international investments are paying off. In the 4th quarter of 2021, 12.61% of Spanish homebuyers were foreigners....

The number of residential real estate transactions through donations and through inheritance has continued to grow in Spain for several years in a row. According to the latest data from the Institute of National Statistics of Spain (INE), it is enthusiastically recorded that the number of housing sales registered in the registers reached about 53,600 units in February 2022. This is the best indicator for the last 14 years and an increase of 27% compared to the first two months of this year. ...

The average interest rate at which Spanish financial institutions issue mortgage loans in March of this year was 1.5%. Just a month earlier, in February, the percentage was at the level of 1.4 points. Curiously, in March 2021, the rate was also at 1.5%, according to Bank of Spain data collected by the Spanish Mortgage Association (AHE). Thus, the interest rate on a mortgage loan for a period of three years for the purchase of housing, which the borrower can get from Spanish banks, returned to the indicator of a year ago after...

Everyone understands that purchasing a modern apartment in the center of Madrid and buying a small house in the village of Aínsa are two completely different things. Recently, Spain has begun to take the lead in the ranking of European countries with the highest demand for real estate. The most popular properties are in large cities and coastal areas, while the countryside does not receive enough attention from buyers. In this article, we will analyse the reasons for this outcome and whether it is worth buying housing in Spanish villages...

The prices for housing in La Rioja went up by 4.6% in the first quarter of 2022 compared to the results for the same period in 2021. The data were published by property valuation company Gesvalt in the «Housing Report» for the first 3 months of this year. According to Gesvalt analysis, the mean price for sq. meter of residential property in the Autonomous Community of La Rioja was €1,108 in the first quarter of 2022. For reference, the mean price for sq. meter in Spain is at the level of €1,439. ...

Just a few weeks ago, at the end of April, the real property chain ComprarCasa carried out a study as a result of which the demand for the second houses for own use is expected to grow by 50% this year. Today, Spanish proptech company Vivla offers the opportunity to own a €1.4 million home with an investment of €175,000. This opportunity has become available to potential clients due to the development of a fractional / share property ownership system, backed by a developed legal framework created by a well-known law firm...

Investors who search for the best places to buy property in Spain are spoiled for choice. For decades, local cities, towns, and coastal resorts have been a favourite recreation base and second home for citizens of other countries. Some areas are better than others for rental profit while others promise high capital growth. Homebuyers come to Spain from all over the world but citizens of Great Britain, Germany, Italy, France, Romania, Belgium, and Sweden show the greatest interest. A rapidly growing economy and developed tourism...

If you have a Spanish residence permit or citizenship, you’re can get family reunification. You can bring your relatives to Spain, get a residence permit for them and find them a job. In this article, we’ll look at the basic requirements, documents, and other legal issues when a foreigner applies for family reunification in Spain. Content: Family reunification in Spain — what is it? Who can request family reunification in Spain?

The Tetouan district is one of the most densely populated districts of Madrid, second in population density after Chamberi. It became known for its flamboyance and strong spirit of multiculturalism. According to the «Living Loving Tetuán» report by CBRE Spain, there are more than 300 people for every hectare of living space in Tetuán. In total, there are 67,306 residential properties in the district. About 40% of the district population are people aged 30 to 50 years, that is the category of the population that has the...