News and articles
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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...
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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...
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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...
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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...
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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...
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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,...
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The City Council of Lugo has presented the building renovation project in O Carme, the heart of the Camino Primitivo district in Santiago de Compostela, with the aim of turning it into Spain's first "creative coliving" municipal project. This project should mark Lugo as one of the best places for creative development, providing with an opportunity...
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In 2022, the Spanish logistics real property sector will maintain the good pattern of economic development set last year. In particular, experts from the real property consulting agency Knight Frank expect that the sector should receive about €2 billion of investments this year for its further development. The growing integration of Spain into the...
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Restrictions on labor movement, high construction costs, and a global lockdown have left their mark on the real estate market in the Canary Islands. They, as well as other Spanish coastal regions, suffered from declining sales during COVID-19. Slowly, the situation is returning to pre-pandemic levels. Property developers are starting to take on...
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Fotocasa: Currently 50% more new houses are being bought than at the height of the COVID-19 pandemic
According to the analysis report "Perfil del comprador de obra nueva" (transl. "Profile of a new property buyer"), prepared by the real property portal Fotocasa, it became known that in the last 12 months, there were three buyers of a new-builts for every 10 buyers of residential property in Spain. In view of this, the question arose why interest...
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