News, page 22

One of the non-trivial questions that visitors to Spain may face is whether it is possible to use a tourist apartment as the main place of residence? The question is quite relevant, given that in Spain, in fact, there is no national legislation that would regulate this aspect of the tourism industry and the residential sector. At the same time, of course, there is regional legislation, but, as follows from the description, it can change from one region of the country to another. First of all, when analyzing this issue, you should...

The residential complex «Be Casa Rivas» will open its doors to the first residents in December. A residential complex with modern apartments is located in the town of Rivas Vasiamadrid, in the suburbs of Madrid. Investments in the construction of this project amounted to 85 million euros.A total of 843 apartments were built, providing all the necessary amenities for a comfortable life. The concept of «flexible apartments» is a strategy for creating a residential complex that is legally an apartment hotel and at the same time provides...

The number of Spaniards whose income is generated by providing real estate for rent increased by 5% in 2022 and this trend will continue to grow. A lot of people are attracted by the high rate of return from such an enterprise — an average of 10% per annum, which can be increased to 14% if you choose the right strategy. According to a survey conducted by the international Academy of financial education Alfio Bardolla Training Group, 7 out of 10 Spaniards consider residential real estate as a reliable and safe asset for investment. ...

Foreign buyers continue to show their love for the community of Murcia and its rich real estate market. Market data show a 23.4% increase in the number of transactions for the sale of real estate to foreigners for the third quarter of 2022. Of course, Murcia is not the undisputed market leader, the Canary and Balearic Islands, as well as Valencia, show more figures, specifically, an increase of 33.7%, 31.5% and 28.3% in annual terms, respectively. However, Murcia shows itself better than such areas as Andalusia (17.8%) and Catalonia (15.3%)...

The province of Alicante retains its leadership in the tourist housing sector in Spain. According to the data of the Provincial Association of Real Estate Developers (Provia) for the first half of the year, even then Alicante left its competitors far behind. Provia data was taken from sources of the Ministry of Transport, Mobility and Urban Development (Mitma). Already in the first half of the year, the indicators for the province were quite clear. At the national level, the Costa Blanca was particularly noted, and which accounted...

New amendments to the «tax on large fortunes» have presented an unpleasant surprise for non-resident foreigners in Spain who own real estate in the amount of 3 million euros. In view of this small correction, the entire Spanish luxury housing market may be shaken. However, so far, the changes in the legislation have yet to pass final approval. However, at the end of November, it was already being finalized in the Senate. The target for foreigners is due to the fact that they are the key buyers of luxury housing in the country. ...

Data from the Fundación Affinity Foundation and the Fotocasa portal demonstrated the difficulties of people with pets. Having conducted a small joint study in order to establish how difficult it is for pet owners, mainly dogs and cats, to find free rental housing and demonstrate the barriers they have to face. According to their figures, there are about 11 million domestic dogs and cats in Spain. Almost 44% of families have one or another pet. According to Fotocasa, up to 23% of the real estate market in Spain accounts for rental...

The real estate market is in uncertainty, it suffers from a slowdown in economic growth and stagnation in the degree of activity in the market itself. This is provided by the richest range of factors, including, of course, inflation and rising interest rates. Low rates of new construction also do not help the situation. Despite the presence of a large number of interested consumers and investors who trust the market, the situation can always go according to the worst possible scenario. However, if you pay attention to the opinions of...

The last year has been turbulent for the world of cryptocurrencies and, in many ways, decisive. Uncertainty in the global economy, crises caused by high inflation, rising interest rates, the armed conflict in Ukraine — all this has put investors in a rather uncertain and precarious position. At the head of the corner, the question quickly arose — «what to do?». Is it worth withdrawing funds to the cache, sorting through the portfolio of assets, changing markets? Despite the fact that no investment asset protects against economic...

According to the fourth edition of the report «Measuring the state of real estate companies in Spain», prepared by EjePrime in cooperation with the consulting company aProperties, up to 59% of organizations in the Spanish real estate market expect continued growth in rental rates. Respondents attribute this to market congestion, inflation and rising interest rates on lending. Up to 67% of respondents, at the same time, expect an increase in demand for rental real estate. The study states: «Under the current macroeconomic scenario,...