Property taxes in Spain: What are the costs?
Buying property tax: Purchasing a property in Spain involves the payment of different taxes, ranging between 8% and 11.5%, whether the property is newly built, generally sold by banks or construction companies, or the property has already been owned by another person,…
Strong demand and short supply shape Spain’s real estate sector
The first half of 2024 has been marked by rapid increases in both demand and prices in Spain’s real estate market, with a somewhat more timid increase in supply. This greater than expected buoyancy has led us to revise upwards our…
The Average Mortgage Amount on Homes Increases
The average amount for mortgages on homes (with an average term of 24 years) rose by 5.3% year-on-year in the eighth month of the year, reaching €145,352. The total capital lent also increased by 14.6%, totaling €4.4588 billion, along with…
The Government Takes the First Step to Create a Registry for Temporary Rentals
The Council of Ministers took the first step yesterday to create a state registry of temporary and tourist rentals with the aim of combating fraud. Thus, it put the royal decree regulating the new tool out for public consultation, which…
Pitfalls of buying property in Spain
1. Not having your documents prepared in advance. Legal, Technical, and Fiscal Due Diligence One common pitfall of buying a property in Spain is failing to carry out complete due diligence. By complete, we mean approaching the study from a…
10 steps to buy property in Spain
1. Hire an licensed agent It might sound obvious, but it’s really important to narrow down your search. Spain is a huge country and property there is just as diverse as its landscape. Do you want a villa by the…
The economic and real estate outlook in Spain for 2024
Spain’s property market in 2024 is brimming with potential. With changing economic conditions and evolving trends, this year promises both challenges and opportunities for investors. From shifting interest rates to evolving property prices, here’s a quick look at what’s ahead…
10 steps to sell property in Spain
10 steps to sell property in Spain 1. Hire an estate agent Estate agents in Spain, for the most part, remain unregulated. This means that anyone can be an agent, but few stand the test of time Good estate agents…
Swedish and Danish Home Buyers Lead in Paying the Price per Square Meter in Spain
The average price per square meter reached 2,095 euros in the first half of 2023, but Swedes and Danes are willing to pay much more than this, while Moroccans, Romanians and Ecuadorians buy the cheapest houses. The demand for real…
Valencia Real Estate Market – A Magnet For Non-Residents
Spain is becoming a very appealing property market for non-resident buyers, with Valencia Real Estate market leading the pack and experiencing a nearly 60% increase in sales to non-residents over the previous year. According to preliminary data from the Ministry…