News and articles, page 65

Fotocasa: In five years, the budget needed to buy a property in Spain has grown by 16%

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The amount of money needed to buy a second housing in Spain increased by 16% between 2016 and 2021. For the period from 2020 to 2021, the increase reached 2%. Such data are provided by the Fotocasa real estate web portal in the reaserch «Budget for the purchase of housing in Spain 2021». So, in 2016, Spaniards had to save up to an average of...

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There are no signs of bubble in the Spanish residential real estate market, but other risks are visible on the horizon

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The recovery of the real estate sector last year and the projected price growth of 6% in 2022 corresponds to the observed dynamics of supply and demand. Funcas, analytical center, claims that there is no reason to say that a price bubble has formed in the local market or «tthe market is disconnected from the real sector of the economy and the...

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In 2021, Europeans accounted for 2% of real estate purchases

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About 2% of the real estate purchased by foreigners in Spain last year was bought by Europeans. Thus, Europeans bought more than 1,280 properties. The share of Europeans among foreigners and the number of purchased properties are two indicators that have been declining in the country since 2012. They are expected to fall even more as a result of...

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Spanish housing sales increase by 4.5% and housing prices increase by 4% in 2022

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In 2022 the real estate market in Spain maintains the dynamics of the previous year. 2021 ended with record sales in a decade. But in 2022 the growth will be slightly lower than in 2021, around 4.5%. Prices will increase by 4%. This is stated in the report of the Servihabitat real estate portal. The latest study of the real estate market in Spain...

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In the next three years, the growth of housing prices in the province of Toledo will be the highest in Spain

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According to the report of the Institute for Real Estate Analysis (Instai) of Euroval, the growth of housing prices in the province of Toledo in the next three years should be the highest in Spain. The same report identifies several other contenders for significant price increases: Albacete, Ciudad Real, Cuenca and Guadalajara. This is reported by...

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The procedure to purchase real estate in Spain in 2022

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When buying real estate in Spain, it is important to know information about the procedures and conditions. We will explain how to buy real estate in Spain in this article. Many foreigners want to buy property in Spain to live in a country with an excellent climate and gastronomy, impressive beaches and mountain landscapes. However, in each country,...

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The biggest housing shortage in Spain

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The rise and fall in prices of housing does not happen by magic. The main condition for price movement is the balance between supply and demand. When the number of people who want to find real estate in a certain area increases and the district does not increase its real estate stock, there is an imbalance of supply and demand. The first exceeds...

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Russian citizens bought more than 1,280 houses in Spain in 2021

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Last year in Spain about 2% of residential real estate purchased by foreigners was bought by Russian citizens. They purchased more than 1,280 housing units In total. However, both indicators began to decline steadily in 2012. They are likely to continue declining even more after the beginning of the Russian-Ukrainian conflict. The Spanish news...

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In Spain the number of the super-rich increased by 12% in the middle of the Covid-19 crisis

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Spain is in the top-15 countries in terms of the number of citizens with ultra-high income in the world. The report "The Wealth Report 2022" of the international consulting agency Knight Frank provided this information. Particularly Spain took the 11th place in the rating in 2021. 11,685 people with ultra-high capital began to live in the country....

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Authorities admit “The Real Estate Law” is controversial, but insist on its social necessity

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David Lucas, the Secretary-General for Urban Agenda and Housing at the Spanish Ministry of Transport, Mobility and Urban Agenda (traditionally known as the Ministry of Development), admitted that the draft of the Government House Right Law was "controversial", but he was prepared to defend its necessity for solving urgent social problems. “The...

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