News, page 36

Although many experts had predicted that the country's economy would face difficulties during the first few months of this year, today's forecasts have become more disappointing. Some are sure that the situation will last for a long time and will have a direct impact on the sale and purchase of real estate in Spain. At present, high inflation in the European market has led to an increase in housing prices, both when buying and when renting. With the real estate market affected by inflation, which has reached a record high in the past...

Although many groups of the population, mainly young people, cannot afford to buy a home, in recent years, there has been increased activity in the rental market. This trend has encouraged most companies to open divisions engaged in the construction of new buildings to meet their needs. The build to rent strategy, that is, the construction of residential real estate for rent, is becoming more and more relevant in many cities of Spain. And Valencia is no exception: over 1,500 units will be built here by 2025. ...

Cordia Homes, one of the leading developers in Central and Eastern Europe, has chosen the Costa del Sol as a strategic location for its first project. The Jade Tower Fuengirola building will be located in the sunny region. It was not chosen by chance. As Oscar Vera, the head of the Cordia Homes project in Spain, explains, "the economic situation and the high demand for real estate in this area have become decisive factors. Market analysis allowed us to identify the need for sustainable and high-quality housing both on the national...

Squatting is the process of unauthorized settlement of someone else's living space. This illegal trend is observed in many countries, but has worsened in Spain over the past few years. A recent study by the Ministry of Internal Affairs revealed 13,389 complaints in the first 9 months of 2021. This is 20% more than in the previous year. According to statistics, over the past 5 years, the number of squatter acts has increased by 40%. At present, there are more than 120,000 illegally unauthorized properties in Spain. The greatest...

The Spanish real estate market meets the summer with positive indicators, high investor interest, and active transactions. Thanks to this, Rebeca Perez, CEO and founder of Inviertis, expects that the number of housing sales in coastal areas will not only remain in the medium term but also increase by 5% during this summer. Despite the optimistic trends, representatives of the investment platform warn that the coastal real estate market in Spain is more moderate than in previous years, "considering that the housing stock has not yet...

Summer has come, and inflation has not slowed down. Holidays in 2022 will be 9.8% more expensive for those who want to rent an apartment on the coast. According to the latest report on rental prices in popular coastal areas of Spain, published by the appraisal company Tecnitasa, a week of living in a rented property near the beach will cost 90 euros more than a year ago. "The accumulation of savings, reinforced by the pandemic, and the fear of rising interest rates are key factors that could lead to an increase in demand in...

According to the latest data from the consulting company Knight Frank, Spain ranked 45th in the international ranking of real estate price growth in the first quarter of 2022. Since the previous year, the average cost of residential properties has increased by 4.4%. The global residential real estate price index was published in two reports by a consulting company. They analyze data from 56 countries and 150 cities. The index recorded double-digit price increases in 43% of the surveyed localities, while the decline was found in only...

The Spanish secondary real estate market continues to grow. According to INE data, over the past year, this type of housing accounted for 80% of purchase and sale transactions across the country. Thus, in 2021, 428,066 houses in the country changed their owners. However, many of these properties are in poor condition. According to information provided by the Supreme Council of the Colleges of Architects of Spain (CSCAE), more than 10 million Spanish houses need major or cosmetic repairs. Idealista portal notes that the price of...

If you are an ex-pat, financial operations and payments will become easier as soon as you open a bank account in Spain. An account in a Spanish financial establishment will be especially convenient if you plan on acquiring an apartment in Spain, or even if you plan to relocate to the country for permanent residence. Read this guide to find out how to open a Spanish bank account. Content: How to open an account in Spain?

Despite the harsh factors, such as the pandemic in 2020, inflation, and war in Ukraine, the real estate market has not only moved from its place, but it behaves in a way that has not been seen since the "bubble". If the sale of apartments is already at an appropriate level that has not been observed since 2007, then prices reflect the same tendency. According to the latest INE data, in Spain, apartment prices grew by 8.5% in the first quarter of 2022. This is the highest price increase since the second quarter of 2007. It was 15...