News and articles, page 8

The Spanish real estate company Colonial announced a 5% increase in net profit for Q1 to 38 million euros or ($41.8 million). This was facilitated by the growth of the company's income from the rental real estate sector, associated with an increase in demand and the degree of occupancy of premises. All this, in turn, is due to the general price inflation in the real estate market, which motivated many people to prefer to buy. The real estate sector has been under inflationary pressure since the end of last 2022. Economic instability...

The Golden Visa is a special type of visa that was created during the last global economic crisis to attract wealthy foreign investors and expats who had to pull the collapsed real estate markets and the economies of the affected countries out of the abyss. However, at the moment, the Spanish government is considering the possibility of canceling this visa — their next step in a new policy towards the country's residential real estate market. Such a change is of particular importance against the background of recent changes in...

Cordoba has officially become the best city in Andalusia in terms of quality of life, according to the analysis prepared by OCU. At the national level, the city received 68 points, reached fifth place and almost equaled Valladolid. The podium with the first three places was occupied: Vigo (70), Zaragoza (69) and Bilbao (69). Of the major cities in the country, Madrid and Barcelona were the worst in terms of quality of life with 55 and 56 points, respectively. OCU emphasized in the analysis that Barcelona and Madrid stand out with...

Recently published statistics reveal that in the first two months of 2023, 106,558 residential transactions were completed in Spain. In January, the volume of purchase and sale transactions in Spain increased by 6.6% compared to January 2022 and amounted to 56,372. In February, 50,186 transactions were registered, which is 11% lower than in the previous month. Content: Top and bottom locations Mortgage transactions: 58,026

The data of the Association of Real Estate Inspectors of Spain confirmed the already clearly observed trends. In the first quarter of this 2023, home sales fell by 2%. Although prices decreased by 1.5% from quarter to quarter, they increased by 4.9% year-on-year. Even with two quarters of price correction in the market, they still maintain positive relative indicators. This will continue to push the mass buyer away from the market and, sooner or later, will lead to a sharp drop in prices, since there will be no sellers left who will be able...

The Bank of Spain, in its annual report for 2022, stressed that access to housing for the Spanish population was and remains a "special vulnerability" for the market. The situation is even getting worse, due to general economic and non-economic circumstances. There are problems both in the segment of housing for purchase and for rent. The central bank notes that the percentage of households in Spain who are homeowners has decreased significantly. Especially among young people. In 2011, the number of households with their own home was...

The luxury housing market in Madrid is booming. Not so long ago, in 2019, it was likely to reach the maximum ceiling of demand and price growth, but since the pandemic period, the market not only did not stagnate, but began to grow with renewed vigor. Thousands of local and foreign buyers, especially from Latin America, have become the foundation for record growth rates in the last 3 years. All this has led to an incredible inflating of prices. For example, luxury real estate, which was often sold for a maximum of 1.5 million a...

Humor is a refuge from many problems. The problem with housing affordability in Spain has already become a textbook and has created the ground for funny and frankly ironic situations. So, recently, a unique offer for potential tenants has been created in the Spanish segment of the Internet. One of the Twitter accounts specializing in finding the most absurd real estate offers on the relevant portals published a post with a screenshot of a questionnaire offering to rent an apartment in Madrid on 12 square meters for 650 (!) euros per...

You do not need to purchase real estate in Spain or find a job in the Kingdom to reside in this country for a long time. If you are a freelancer or a remote worker, you can apply for a digital nomad visa and settle in Spain for 5 years. Content: What is a Digital Nomad visa? Requirements for applicants Why Spain? What documents should you prepare for a digital nomad visa?

If you are planning to buy a property in Spain, it is useful to know more about average monthly expenses for utilities and communications. Regardless of whether you will live in a purchased villa or apartment yourself or rent it out, you should be aware of the approximate amount of expenses awaiting the owner in advance. Content: What is important to know about the utility costs? Fixed costs