News, page 36

How will inflation affect the sale and purchase of residential real estate in Spain?

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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...

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Construction of rental real estate in Valencia is under way: more than 1,500 houses are under construction

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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...

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Developer Cordia Homes chooses a location for its first project in Spain

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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...

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Squatter lawlessness: how residential property in Spain is cheaper by 30%

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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...

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Coastal property sales in Spain increase by 5% this summer

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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...

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Las Canteras, El Saler or Calpe: the cheapest coastal destinations to rent real estate and escape from inflation this summer

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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...

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Spain ranks 45th in the international ranking of residential real estate price growth

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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...

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How do Spanish homeowners increase the value of their property by 30%?

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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...

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Note to an investor: how can a foreigner open a bank account in Spain?

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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...

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Real estate prices have grown by 8.5%, the highest increase since 2007, before the bubble burst: why are house prices so high?

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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...

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