According to the Bank of Spain, residential property investment is set to top 4.5% of Spain’s GDP by the end of the year. “This is similar to the average in neighbouring countries, but far below the 12% registered in 2007,” writes the bank in a recently published report. The report reveals that house prices, which […]
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Property
Why Brexit Shouldn’t Deter British Homebuyers in Spain
Although the Brexit process is shrouded in mystery for the most part, it doesn’t seem to have dampened British taste for Spanish property; in fact transaction volumes have increased almost 15% so far this year. The issue seems to be that not many British buyers were aware that there is no problem buying property in […]
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Report reveals more than 1.36 Million Empty Properties Still for Sale in Spain
Home sales, mortgage approvals, and consumer confidence are all recovering but there’s still the problem of the glut concentrated in areas with low demand, says the real estate consultancy Acuña y Asociados in a new report. Including bank repossessions, the Spanish property market still has 1.36 million empty properties looking for a buyer, down from […]
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Crackdown on Unregistered Holiday Rentals Continues
New laws are being created to ensure that owners of holiday accommodation have civil liability insurance and guest registration in attempts to regulate Spain’s incredibly competitive short term rental market. This comes on the back of the 5th consecutive year of record-breaking tourism numbers in the country that is the most popular tourist destination in […]
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Spain’s House Prices Close to 2007 Boom Levels in Madrid
The average price of housing in Spain continues to increase, according to all studies and reports from the national statistics office (INE) and the Association of Notaries. Madrid is one of the city’s recording the biggest increases and in some areas; the cost of apartments is already very close to the highest values recorded in […]
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Resale Homes return to Pre-Crisis Levels to Meet Booming Demand in Spain
According to reports in the Spanish media, transaction levels for resale homes in the country have returned to peak levels of 2007, due to a shortfall of new homes in the construction pipeline. In the second quarter of this year, 119,408 flats and buildings changed hands, of which 99,343 were resale or secondhand homes, the […]
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