Following the financial and economic crisis in Spain caused by the residential real estate bubble (which saw property prices in the country rise 200% from 1996 to 2007) the real estate market slowed down, and logically, as a result of the decrease in demand for buying houses, there was an increase in the demand for […]Continue reading
The average price per square meter of a standard 2nd hand property in Spain is around 1,600€. More than double that figure, at almost 4,000€/m2 are luxury properties. Even if this value has been decreasing over the last few years, the luxury housing market is still in full form. The most common type of luxury […]Continue reading
Last October 16th, the Spanish Supreme Court established that it should to be the banks the lender – and not the clients – the borrower – the ones liable for paying the stamp duty (“AJD”) on mortgage loans. It was considered that these entities were the ones most interested in registering the operation in the […]Continue reading
The Spanish government has reached an agreement with one of the main opposition parties to properly regulatethe real estate market in order to end the abusive increases ofrental prices in certain areasof the country. With the support of “Podemos” political party, the government is planningchanges to rental agreements related tothe minimum lease terms, lease extensions, […]Continue reading
There are various aspects one should consider before investing in Real Estate. Although it seems to be more profitable to invest in Real Estate than in financial products offered by banks and other financial institutions – buying with the intention of renting out, shows to be as profitable as 7,5% for shops; 6,8% for business […]Continue reading
Tourism is obviously a great growth opportunity, but the boom in property rental for touristic purposes has turned into one of the main concerns of homeowners associations and local governments. The lack of control over short term rentals of touristic dwellings allowed the increase of long term rental prices and it forced many local residents […]Continue reading
