News, page 18

Record inflation, rising interest rates, rising prices for raw materials and energy, problems in the labor market and a drop in the income of the population — all this undoubtedly left its mark on the development of the Spanish real estate market in 2022 and its prospects in 2023. However, all these factors, and more, did not lead to the collapse of the market. Large demand remains, although it is replenished mainly by foreign buyers, and market participants report good sales, albeit smaller than in 2021. ...

Both 2022 and 2023 marked the largest change in the monetary policy of the European Central Bank (ECB) over the past 5 years. This, as you might guess, is due to an increase in interest rates. The last increase put 50 basis points. This is less than the initial 75 points and forced many to start building hopes for an end to the rate hike, but the ECB representatives firmly stated that they would continue to increase the key indicator in 2023. Perhaps some increases will drop to 25 points, but the process will not stop. ...

The latest data on the Spanish real estate market indicate a stabilization of the situation and a gradual movement towards a balance between supply and demand. The coming period for the market will be marked by the cessation of disorderly price growth, sharp falls and record volumes of real estate transactions, which will be expressed in the long-expected cooling of the market. Information on the Spanish housing market at the end of 2022, provided by the Ministry of Transport, Mobility and Urban Development, demonstrates that the...

ist destination and having established itself as a good «quiet bay» for the savings of international investors, the local real estate market has acquired a wide and wealthy customer base. The premium housing segment of the country plays a special role in the growth foundation. It attracts the attention of both large investors and ordinary consumers and buyers of second homes equally well. We are talking about hundreds and thousands of wealthy buyers, individuals with large and super-large net worth at their disposal. ...

The house is a place of many memories that the residents of these houses have been collecting for years. These memories and a certain value remain forever within the four walls of the native house. Selling a house is always a difficult matter, not only emotionally, but also on a purely practical level. Sometimes it is a necessity, sometimes a desire to move on. In many cases, it is a matter of time and price, the need to sell the house as soon as possible or at the best possible price. In addition to investing a lot of effort and...

Sales of residential real estate to foreigners allowed the Spanish market to maintain high growth dynamics in the second half of 2022 and resist the global trend of slowing, stabilizing and falling of the global real estate sector and the global economy. According to the National Institute of Statistics of Spain (INE), the country's economy barely reached 0.1% growth in the third quarter of last year. At the same time, the economy, and specifically the real estate market, is affected by the increase in interest rates on lending,...

The residential real estate market of Burgas has entered a negative trend. According to local market experts, home purchase prices have fallen by more than 3% over the past year. At the same time, residential real estate rental rates have maintained growth. At the end of 2022, it was 5%. The situation in Burgas is a clear illustration of the general dynamics of the market. With an extreme rise in real estate prices and mortgage rates, the broad consumer base is cut off from the market and forced to look for alternatives. In view of...

The Canary Archipelago has gained great popularity among foreigners in recent years. Residents of other European countries, including Germany and the UK, have a special love for him. One of the most popular destinations is the island of Tenerife and its northern part — Puerto de la Cruz. Typical resort real estate is quite widely represented on the islands. Houses and villas with terraces, gardens and swimming pools. Oliver Schmitz, the owner of one of the local real estate agencies points out that foreign buyers are willing to spend...

Some people mistakenly believe that insurance is a waste of money. This is by no means the case, as more and more homeowners in Spain are becoming convinced. Especially those of them who use their own housing to earn money on renting can tell about the benefits of insurance. It's no secret that in recent years, delinquencies on real estate loans have reached record levels. In fact, experts in the real estate sector said that in 2020 alone, non-payment of rent increased by 66% year-on-year and became one of the main reasons for...

Penthouses have always been one of the most desirable acquisitions when it comes to a new home. They are good not only for their objective technical qualities, large spaces, the volume of natural light, terraces, recreation areas and barbecue. Penthouses are also status and aesthetics — qualities that are no less important for the real estate market. Penthouses are also often super-expensive real estate, affordable only to the elite and the wealthiest. However, with due diligence, you can find offers of a much smaller price caliber....