News and articles, page 91

How much money do you need to buy a home? The average amount spent on the purchase of existing housing in Madrid and Barcelona this year decreased by 15% and 22%, respectively. Meanwhile, the average transaction price in the municipalities of Madrid and in the province of Barcelona increased by 12.8% and 4%, respectively. The figures are based on the average price of real estate transactions in the municipalities of the province of Madrid and Barcelona over the past three years. “The increase in the amount spent on a home purchase in...

An owner of property in Spain pays the local IBI tax every year, at between 0.4% and 1.1% of the cadastral value, and a non-resident also pays a tax on imputed income, even if the flat is not let. On a sale, a foreigner pays 19% on the profit, and the buyer withholds 3% of the price and pays it to the tax authority. The wealth tax applies to net assets of €700,000 or more, and the rate of inheritance tax depends on the region. How much tax is due depends on the region, the country of residence and how long the property has been held, so...

According to Brains Real Estate portal, the average price of an apartment or villa in the Asturias region in late March 2021 increased by 14.2% compared to the same month of 2020. Meanwhile, prices rose by 2.9% from the previous quarter. New homes saw the highest demand. Thus, prices for newly built properties increased by 9.1% in late June compared to the same period in 2020. Existing home prices rose by only 0.8% from the previous year. “We noticed a change between the pre- and post-pandemic period. Isolation shifted...

According to Savills Aguirre Newman, the city of Malaga has become a real estate hotspot, only beaten by Madrid and Barcelona in levels of interest from investors. It has the largest share in the Andalusian housing market, and is twice as large as Seville in terms of property sales. The average square meter price of a home in the province was 1,703 euros in the second quarter, an increase of 5.4% from a year ago. In fact, properties were up 11.5% in value from the end of the previous year, according to Tinsa. ...

Home sales increased by 7.7% in the Murcia region in the second quarter of 2021, according to the Spanish Association of Registrars. Out of 4,834 transactions completed during this period, 3,929 were for existing homes. However, there was also a substantial increase in sales of new properties, up by 15.9% sequentially. Murcia was the only region in Spain to see new home sales increase. In addition, the number of transactions for the purchase of small-sized homes increased in the period from April to June: ...

In August 2021, dozens of real estate companies reported their financial results and completed deals started earlier in the year. The US investment firm Cohen & Steers had taken a 5.185% stake in the capital of Neinor Homes developer to become the third-largest stakeholder, as reported by the company to the Spanish National Securities Market Commission (CNMV). This is not the first time Cohen & Steers buys a stake in the Spanish developer. It had been among Neinor’s shareholders in 2017, but exited a year later. ...

Spain is one of the most attractive destinations in Europe. Here, beautiful architecture and rich cultural heritage are combined with a high-quality education, allowing the country to become the third-most-popular in Europe for international students. Many investors and tourists are interested in what life in Spain is like. CONTENT: What are the types of residence permits? How to get a residence permit in Spain as an investor?

There are many apartments in Spain that are seized by banks. These provide a good chance to buy property at an attractive price. To make this a reality, it is important to know what the real estate characteristics are, what the embargo process looks like and, finally, what should be taken into account when seizing a house. This is important information to avoid risks typically associated with these purchases. Contents: Purchasing alienated real estate

Taxes are an important part of public and state life. Different countries have their own rules for tax collection which are regulated by local legislation. In this article, we provide answers to the main questions concerning real estate taxes in Italy and Spain. Contents: Taxes for Italian residents who have real estate abroad Rental income tax Inheritance tax Agreement on the Elimination of...

The pandemic has changed many consumer habits and trends. There have also been changes in housing due to quarantines and restrictions. In this regard, the priorities of real estate demands have changed as a new dynamic has come into play. Despite the existing problems, the secondary real estate market in Spain demonstrates a high degree of stability and price growth. At the same time, there is a reduction in the general cost of rent. Many real estate experts give positive forecasts and predict the recovery of the sector next year. ...