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The real estate market in Spain in 2022 can be described as a record. Outstanding sales rates and volumes, extremely intensive price growth, high volumes of investments attracted to the sector were noted. This year we expect a different picture due to inflation, rising interest rates, the recession hanging over the world economy, the international political crisis and a number of other problems. Let's turn to the latest market report from CaixaBank Research, the research arm of the third largest Spanish bank. First of all, it points...

Buying a house in Spain in the vast majority of cases involves obtaining a mortgage loan. In addition, it is necessary to set aside a significant part of the cost of the house, which will need to be spent as a down payment. It is also necessary to take into account the costs associated with the real estate purchase process itself. Most banks in Spain, following international standards, offer mortgage financing in the amount of 80% of the value of the purchased property. In view of this, borrowers must have on hand from 20% to 30% of...

Real estate investments in Spain, as a rule, are considered attractive and quite safe, due to the tangibility of their income, as well as the historically positive dynamics of prices. Despite the fact that the 2008 crisis demonstrated that there are no risk-free assets, among the alternatives, the real estate market remains one of the safest areas of investment. This is especially true during periods of sharp inflation, which the global economy is experiencing at the moment. And although real estate investments have traditionally...

For people with small savings, the idea of investing in real estate as a way of earning money, at first, may seem absurd. Such investments look like huge expenses, huge risks, huge efforts to participate in economic realities that are often incomprehensible. And all this with zero guarantees that the efforts and resources spent will pay off. However, is it the same? How difficult are such investments and can they be a real source of income for ordinary citizens, not just wealthy investors? In recent years, we have seen how various...

The lack of new construction is one of the main problems of the Spanish real estate market. According to the real estate portal "Pisos.com "this problem, which has worsened since the beginning of the pandemic, will only strengthen in 2023. In view of this, Ferran Fond, Director of Research at Pisos, draws attention to the latest report on the residential real estate market from the National Institute of Statistics (INE), released in November. According to INE data, only 18% of all operations on the market for the specified month were...

In every city there are districts and neighborhoods where buying a home is more expensive than in others. Housing prices can rise and fall due to various factors, such as proximity or distance from the city center, the development of public transport and communication with other important social services, or maybe it's all purely a matter of prestige or bad reputation of a particular area. A recent study from the real estate valuation and consulting portal Tecnitasa has identified the streets in Spain with the highest and lowest home...

Foreigners entering the Spanish residential real estate market are increasingly preferring to rent a home to buy it. According to the Idealista portal, at the end of 2022, foreigners accounted for 14.9% of the total demand for residential real estate rentals in Spain. This indicator indicates that the demand for rent from foreign citizens has not only become the highest since 2019, but also exceeded the share of foreign demand for the purchase of housing, which amounted to 14.5%. ...

They say that in 2023 the real estate market will stagnate. But, apparently, this stagnation will not affect luxury housing. We can easily see this by the example of one curious penthouse in Barcelona, which has broken all sorts of records for prices in the real estate sector of Spain. The object has only recently found a buyer. Produced by the developer KG Property Investors, the penthouse cost the new owner 40 million euros. If rounded up, then with an area of 560 square meters, each meter costs about 61,500 euros. ...

Spain has always been and remains a country of great contrasts. Living in the north and in the south, in the capital and on the periphery, in the countryside and in the city is not the same thing in Spain. And that's putting it mildly. And the differences are not only cultural, but also economic and social. Buying a house in large cities or tourist areas is much more expensive than buying a house or apartment in the so-called "deserted Spain". Not to mention the fact that "deserted Spain" is simply depopulated in many areas... that's why it...

The real estate market is constantly evolving, as well as the behavior of buyers on it. Although the main driving factor of the decline in demand is the rise in real estate prices and the increase in interest rates on lending due to inflation, this is not the only factor influencing the statistics showing us a reduction in the volume of purchases. One of these, rarely considered, factors is the so-called "champagne effect". Experts from Comprarcasa explain: "This term describes a situation when demand for a product or service...