Guides to Buying Property Abroad — Legal Tips and Advice

Everything you need to know about buying property abroad: step-by-step guides, legal aspects, taxation and useful tips.

Investing in real estate abroad — 2026 guide

Investing in real estate abroad — 2026 guide

Introduction The overseas real estate market is experiencing an active recovery phase in 2026. According to CBRE, investment in European commercial and residential property totalled €244.5 billion for the whole of 2025, with transaction volumes in the fourth quarter alone reaching €88.3 billion — a 17% year-on-year increase. The residential sector has become the largest asset class in Europe, overtaking offices and logistics. At the same time, according to the Knight Frank Wealth Report 2025, around half of family offices worldwide plan to increase the share of real estate in their portfolios over the next 18 months. All leading G20 economies are falling short of their housing construction targets, creating a persistent supply deficit. All of this is pushing both prices and rental rates upward.

Where to buy property abroad — 2026 country comparison

Where to buy property abroad — 2026 country comparison

Introduction When buying property abroad, choosing the right country matters more than choosing the right apartment. The same €200,000 opens completely different doors in Batumi, on the Costa del Sol, or in Dubai. In one market, that budget gets you two rental apartments yielding 8–10% annually; in another, a 30 m² studio — but with a European residency permit attached. Property markets worldwide continued their upward trajectory in 2025: Spain saw prices climb 15.3% year-on-year, Greece posted 7–8% growth, and markets outside the EU — Georgia, Turkey, the UAE — moved even faster [source: Eurostat HPI, Idealista, Global Property Guide]. Cross-border property transactions have been rising for three consecutive years, driven by buyers seeking not just a “house by the sea” but an investment vehicle, a Plan B residence, or a pathway to a second passport.

Mortgage on Overseas Property — Guide 2026

Mortgage on Overseas Property — Guide 2026

Can you buy a villa in Spain, an apartment in Dubai or a home in Cyprus without paying the full price upfront? Yes — banks in dozens of countries offer mortgage financing to non-resident buyers. The conditions differ from what you’d get as a local: down payments are higher, rates slightly less favourable, and the paperwork involves apostilles and certified translations. But the mechanism works, and investors actively use it to leverage their capital and boost returns.

How to Buy Property Abroad — Step-by-Step Guide

How to Buy Property Abroad — Step-by-Step Guide

Buying a home in your own country is complicated enough. Buying property overseas adds foreign legal systems, unfamiliar paperwork, different tax regimes, and the challenge of moving large sums across borders. Without a clear plan, it’s easy to lose time, money, or both. The good news: thousands of people successfully buy international property every year. The difference between a smooth transaction and a costly mistake isn’t luck — it’s preparation.

How to Sell Property Abroad — Guide

How to Sell Property Abroad — Guide

Reading time: ~9 minutes Selling international real estate involves more than finding a buyer. Between capital gains taxes in the country where the property is located, potential tax obligations in your home country, agent commissions, and cross-border fund transfers, the true cost of selling can easily reach 10–15% of the sale price — or more, if you get the tax planning wrong. This guide is a practical roadmap for property owners looking to sell overseas real estate efficiently. We cover capital gains tax rates across seven popular jurisdictions, the step-by-step transaction process, and the most common mistakes that cost sellers thousands.

175 areas historic highs

175 areas historic highs

The Bank of Spain has published a financial stability report that analyzes real estate prices. Although the number of transactions has recovered sharply in recent months, neither mortgages, nor prices, nor the number of new construction permits, nor employment in the construction sector have even come close to the levels of 2007. Nevertheless, Spain’s real estate market consists of thousands of small micromarkets, where data reflects its own reality. In the same neighborhood, housing prices on one street may be growing at one pace, while on a parallel street at completely different rates.

9 Districts of Alicante: Where to Buy Property and How Much It Costs

9 Districts of Alicante: Where to Buy Property and How Much It Costs

Alicante is the most popular province in Spain among foreigners: last year 51.35% of local property transactions were completed by non-residents. The city of the same name is considered the strategic capital of the Costa Blanca, where most English-speaking tourists and immigrants come to holiday and buy second homes. Furthermore, Alicante Airport is one of the largest in Spain, handling up to 13 million passengers per year. We decided to investigate the secret of this location’s popularity and analysed the city district by district. Officially, Alicante is divided into nine administrative zones, within which there are further divisions into neighbourhoods, sub-districts and various areas. In this article we have described not only the beach and central parts of Alicante familiar to tourists, but have also explored the most remote corners of the city to understand where and for how much you can buy property, and what benefits can be gained.

Abandoned rural town Camarasa

Abandoned rural town Camarasa

We have already told you about the possibility of buying an entire village in Spain for just 1 euro, but that was several years ago, and now prices have changed “slightly”. For small settlements of several houses, depending on the region, they now ask from 300 thousand to several million euros. How much does it cost to buy an abandoned village in Spain What you can buy for a million in Spain

Alicante City Guide (Spain): Everything You Need to Know Before Moving

Alicante City Guide (Spain): Everything You Need to Know Before Moving

1. Location and Map Alicante stretches along the Mediterranean coast and extends several kilometres inland. The city centre is concentrated around the port and the Santa Barbara fortress on Benacantil hill, which is considered the city’s main attraction. Alicante-Elche Airport (ALC) From the airport to central Alicante, you can take the C6 bus, which runs every 20 minutes from 7:00 to 23:00 and hourly from 23:00 to 7:00. The bus stops at key stations: tram stops Luceros and Mercado (lines 1, 2, 3 and 4), RENFE railway station, Alfonso X el Sabio, Plaza de Los Luceros, Vazquez de Mella and others. Travel time is approximately 20 minutes. Ticket price: EUR 3.85.

April 2021 News

April 2021 News

No masks on the beach Investment returns: +7.2% “Golden visa” no longer trending? Torrevieja transforms into Benidorm Resale property: +1.5% Villa with tower in Alicante 1. No masks on the beach Spain’s Ministry of Health maintained the requirement to wear masks in public places, however restrictions were relaxed from April 2021. On beaches, masks were allowed to be removed when maintaining distance, and sunbathing and swimming became possible without masks.

Article 28 Mortgage Law abolished

Article 28 Mortgage Law abolished

Since September 2021, heirs have gained the right to sell inherited real estate without the mandatory two-year waiting period that was previously required by mortgage law. On June 2, 2021, the Spanish government issued a decree abolishing the controversial Article 28 of the Mortgage Law (artículo 28 de la Ley Hipotecaria). As of September 3, 2021, this article became null and void. The so-called “Cuba Law” (Ley de Cuba) prohibited heirs from selling property directly until two years had elapsed — a problem that unfortunately worsened due to the pandemic, according to the Fotocasa report “Housing inheritance during the pandemic.”

ASG Homes Santa Clara

ASG Homes Santa Clara

ASG Homes has begun construction work on 28 homes that make up the first phase of the Santa Clara residential project. The developer plans to complete the project by the end of 2023. The developer intends to invest more than 25 million euros in the entire project, which will consist of two phases and include a total of 68 homes. They will be located in the new residential area of Vistahermosa Norte on the outskirts of Alicante and will create more than 150 direct jobs during construction.

Banks ceding housing La Palma

Banks ceding housing La Palma

Sareb, the Spanish Banking Association (AEB), CECA, and the National Union of Credit Cooperatives (UNACC) have signed a commitment to provide, free of charge and for as long as needed, housing that is currently available and in habitable condition on the island of La Palma and in surrounding areas to those affected by the volcanic eruption on La Palma. Thus, the associated financial institutions intend to contribute — together with public authorities and other institutions — to the temporary relocation of evacuated residents.

Barcelona regulate rental price

Barcelona regulate rental price

The plenary session of Barcelona’s city council approved a declaration of a stressed market zone, which allows the application of all instruments of Catalonia’s rent control law for a minimum of five years. From the moment of this declaration, the reference price when signing a new rental contract in the Catalan capital will be the lower of two amounts: the price of the previous contract or 95% of the price established by the Generalitat’s reference price index.

Benidorm City Guide (Costa Blanca, Spain): Everything You Need to Know Before Moving

Benidorm City Guide (Costa Blanca, Spain): Everything You Need to Know Before Moving

Key Facts Province: Alicante Population: 67,558 Area: 38.5 km2 Elevation: 15 m Time zone: Central European Standard Time (GMT+1) 1. Map and Location of Benidorm Benidorm is located on the Mediterranean coast of Spain, approximately 120 km south of Valencia and 40 km north of Alicante. It can be reached via the AP-7 motorway or the N-332 national road. Nearest Airport to Benidorm

Best Places to Buy Property in Spain

Best Places to Buy Property in Spain

Current trends in the Spanish real estate market Top-5 Spanish coasts by growth in number of transactions Best regions in Spain for foreign property purchases Top-5 Spanish coasts and islands for foreign property purchases Valencian Community Murcia Catalonia Andalusia Best Spanish islands for foreign property purchases Balearic Islands Canary Islands Top-15 Spanish provinces where foreigners buy property 1. Current trends in the Spanish real estate market

Buyers opt villas suburbs

Buyers opt villas suburbs

The pandemic has led to a shift in demand from apartments in favor of private houses in peripheral areas, according to the General Council of Official Real Estate Agents Associations (COAPI) of Spain. The report also states that buyers choosing apartments require spacious terraces and common recreational areas. People who decide to live in this format are looking for complexes in central city neighborhoods. One of the main requirements is proximity to public transportation and infrastructure with supermarkets, reports Europa Press.

Buying on Idealista or Fotocasa

Buying on Idealista or Fotocasa

About the service Advantages What does the buying process look like? Remote or in Spain Service cost How to order the service? Popular Spanish real estate portals 1. About the service More than a million people daily search for real estate on major Spanish portals: Idealista, Fotocasa, Milanuncios and Pisos. VirtoProperty offers assistance in purchasing properties directly from these platforms without paying agent commission. 2. Advantages

Buying property in Spain costs

Buying property in Spain costs

Understanding the cost of homeownership in Spain Taxes on secondary real estate Taxes on purchasing new construction Property tax Land value increment tax (Plusvalía) Property registration fee Notarial expenses Banking commissions Legal costs and fees Agency or realtor commissions Other hidden and additional expenses How will the Brexit process affect expenses? Final calculations 1. Explaining the real cost of buying property in Spain When buying property in Spain, you are making a transaction of a fiscal nature and, accordingly, are obligated to pay certain taxes to the state budget.

Ciudad Quesada Guide (Alicante, Spain): What You Need to Know Before Moving

Ciudad Quesada Guide (Alicante, Spain): What You Need to Know Before Moving

1. Location and Map Airports Alicante-Elche Airport (ALC) Murcia International Airport (RMU) Cities Torrevieja (5 km). Located on the other side of the Laguna Salada de la Mata from Quesada. This is the largest town in the south of the Costa Blanca and a popular destination for foreigners and investors. Ciudad Quesada is sometimes called a suburb of Torrevieja. Many Quesada residents visit Torrevieja for business, shopping or beach recreation.

Coronavirus Prevention: How to Protect Yourself and Your Loved Ones at Home

Coronavirus Prevention: How to Protect Yourself and Your Loved Ones at Home

Forewarned is forearmed. The planet is under quarantine due to the widespread spread of the new COVID-19 virus. China took the first wave, then Italy and Spain became the main centers of the disease in Europe. Working in Spain and facing the pandemic earlier than many, we can share the experience of fighting coronavirus from Spanish doctors and scientists. What do we know at the moment and how to protect ourselves?

Coronavirus Spain real estate

Coronavirus Spain real estate

“And This Too Shall Pass” Questions about what is currently happening in Spain, how things stand with coronavirus, and whether a global quarantine will be introduced come to us daily. Should we make sudden moves? We think — NO. Everything passes, all crises end eventually, but it’s worth thinking about how to stay afloat. We recommend reading only official sources, not listening to experts from Instagram, but turning to the World Health Organization and official information about the situation in Spain:

Cost of living in Spain vs UK

Cost of living in Spain vs UK

How much does life cost in Spain compared to the UK? What are the property maintenance costs in Spain? Cost of living in different Spanish cities Ownership versus rental Property taxes Other property maintenance costs Property maintenance costs compared to the UK How much does life cost in Spain? Cost of living in Spain versus the UK 1. How much does life cost in Spain compared to the UK? Moving to another country is a complex and sometimes painful process. In addition to paperwork and other formalities, it’s necessary to assess what life will be like in the new place and, of course, how much it will cost. Housing prices (rent and utilities), insurance, food, and other expense categories - all of this is important. This article is a complete guide to the cost of living in Spain, including major cities and islands. We compare expenses in Spain with expenses in the UK.

Costa Blanca property market report

Costa Blanca property market report

Costa Blanca Real Estate Market 2019 Real Estate Prices on Costa Blanca Costa Blanca Real Estate Price Forecast for 2020 Costa Blanca Real Estate Market After Brexit Conclusion Costa Blanca is located along the Mediterranean Sea in the province of Alicante and stretches approximately 250 kilometers of beaches, cliffs and bays. The climate, beaches and lifestyle attract both tourists and real estate investors. Alicante-Elche airport received almost 14 million passengers in 2019. The region attracts Spanish tourists from Madrid and central Spain looking for resort property, as well as a significant number of foreign buyers.

Costa del Sol Property Market: Where to Buy?

Costa del Sol Property Market: Where to Buy?

Costa del Sol is Spain’s southern and most expensive coastline, belonging to the Andalusia region. The area attracts with its beaches, infrastructure, high-level service and quality of life. Water temperature is typically 22-24 C, so swimming pools are popular. The traditional Andalusian character of the region is gradually transforming into a modern, high-tech zone. 1. Costa del Sol Property Price Overview In June 2020, the average price per square metre was EUR 1,646 (a 6% increase compared to June 2019). Costa del Sol ranks sixth among Spain’s most expensive regions for property. The average purchase price reaches EUR 744,711. The highest prices are in Marbella: EUR 3,059/m2, followed by Malaga at EUR 2,123/m2. Notably, every third property purchase is made by a foreigner.

Costs of selling property in Spain

Costs of selling property in Spain

How much will the seller spend? Land value increment tax (Plusvalía) Capital gains tax on your profit (IRPF) Income tax withholding – Retención IBI or municipal property tax Banking fees Agency commission Energy certificate Foreign residents aged 65 and older Sale of mortgaged property Other expenses Conclusion 1. How much will the seller spend? When buying or selling real estate, it’s important to consider all associated costs. The buyer spends 8–15% on transaction processing.

Deficit housing Spanish cities

Deficit housing Spanish cities

The Spanish real estate market has experienced a notable shift in housing availability: “supply decreased from almost 196,000 properties for sale in September last year to the current 187,000,” meaning approximately 9,000 fewer properties are on the market. This annual 4% reduction in available housing in provincial capitals could “lead to price tensions in the medium term.” Differences by Cities The housing shortage is unevenly distributed across the country. In 37 provincial capitals, supply volume decreased, while in 14 cities the number of available properties increased. Supply fluctuations vary significantly depending on location.

Duquesa Valley modular villas

Duquesa Valley modular villas

Luxury modular homes—factory-manufactured—have arrived on Spain’s Costa del Sol. Grupo Otero, together with ExSitu, is launching a project of 14 luxury villas in Málaga that will be built under factory conditions. The industrialization of residential construction has reached the luxury segment. Grupo Otero is bringing to market 14 factory-produced luxury villas in the municipality of Manilva in Málaga province. To achieve this, the developer working on the Costa del Sol has joined forces with ExSitu, part of the Cándido Zamora industrial group specializing in precast concrete.

El Campello Near Alicante: City Overview, Property Market and Useful Tips for Living and Holidays

El Campello Near Alicante: City Overview, Property Market and Useful Tips for Living and Holidays

1. General Information El Campello is a coastal municipality in the province of Alicante, located 13 kilometres north-east of Alicante city. The official population is 28,349, though this figure triples in summer. Originally a fishing and farming village, today the economy centres on tourism, construction and related industries. The municipality covers 55.27 km2 with 23 km of coastline featuring notable beaches at Muchavista and Carrer del Mar. Alicante Metro (Trenet de la Marina) serves the area with 12 stops, connecting it with Denia and running from north to south.

Energy Efficiency certificate

Energy Efficiency certificate

What is an energy efficiency certificate? Is EPC mandatory? When is an energy efficiency certificate not required? For what types of residential property is an energy certificate required? How to obtain a certificate (Certificado de Eficiencia Energetica)? How to obtain an energy certificate for a building in Spain? How to obtain an energy efficiency certificate for a house in Spain? What information is indicated in the energy efficiency certificate? Is the Certificado de Eficiencia Energetica permanent?

Estepona Property Market: Guide to Prices and Best Locations for Buying

Estepona Property Market: Guide to Prices and Best Locations for Buying

Estepona’s property market is examined in detail here. The town is located on the Costa del Sol coast in Malaga province, Andalusia, with a population of approximately 70,000. It is one of the most promising coastal areas for property investment, thanks to its proximity to Marbella and expectations that both cities will eventually merge into a single conurbation, driving prices up. Unlike Marbella, Estepona still has plenty of undeveloped land, offering numerous new-build options for buyers. The entry threshold starts from 100,000 euros. British residents predominate among foreigners, attracted by numerous golf courses and proximity to Gibraltar Airport. The town suits both temporary residence and holidays, as well as investors actively purchasing properties at various construction stages for resale or rental.

February 2021 News

February 2021 News

How many deals fell through due to coronavirus? Secondary real estate: finally profit! Barcelona against weekend tourists How much is all real estate in Spain worth? Housing in strategic locations Poverty in Mallorca Standard & Poor’s forecast 1. How many deals fell through due to coronavirus? According to data from Spain’s National Statistics Institute, 415,478 villas and apartments were sold in 2020 — 17.7% less than in 2019, returning the market to 2016 levels. The Balearic Islands were hit hardest (-23.2%), followed by Valencia (-22.1%), the Canary Islands (-21.9%), Madrid (-21%) and Navarra (-20.9%). According to experts, if the pandemic ends in 2021, sales volumes will normalize.

Finestrat (Alicante, Spain): Everything You Need to Know Before Moving

Finestrat (Alicante, Spain): Everything You Need to Know Before Moving

1. Map and Location of Finestrat Finestrat is located 8 km north of Benidorm, 40 km from Alicante and 50 km from Alicante-Elche Airport. The old town sits at 267 metres above sea level. The municipality covers 42.5 km2 with a 267-metre coastline, including Cala de Finestrat cove. Puig Campana mountain reaches 1,410 metres. The Terra Mitica theme park occupies part of the municipality’s territory. Province: Alicante Population: 6,381 Area: 42.25 km2 Elevation: 238 m Time zone: Central European Standard Time Airport Transfer Transfer providers: ShuttleDirect, BeniConnect, Hoppa.

Foreign investors returning

Foreign investors returning

What resorts are most popular this summer? Foreign buyer activity in the Spanish property market is gradually recovering and approaching “pre-pandemic” levels. According to Idealista data, in the second quarter of 2021, 11.3% of all property transactions in Spain involved foreign investors. The majority of contracts were signed by buyers from Germany, France, and the United Kingdom. Germans prefer Valencia and two Spanish archipelagos — the Balearic and Canary Islands; the French choose neighboring Catalonia, while the British favor Andalusia and Costa Blanca. This is followed by investors from the USA, Italy, and Switzerland.

Four provinces luxury stock

Four provinces luxury stock

Spain has more than 36,000 residential properties priced over one million euros each and more than 6,000 priced over three million. The majority of luxury homes are concentrated in just four provinces, three of which are coastal, while one is the center of ultra-luxury. According to a report published by the Idealista portal on August 1, 2021, Spain’s market has 36,368 luxury residential properties priced over one million euros, and each of the 50 Spanish provinces has at least one such home.

Future of new buildings market in Spain

Future of new buildings market in Spain

Fewer construction licenses. Is Spain facing a new construction shortage? How are real estate prices changing and what to choose during the pandemic? When will the market recover? Expert forecasts 1. Fewer construction licenses. Is Spain facing a new construction shortage? According to the Spanish Ministry of Labor and Social Security, 1.25 million people were employed in the construction industry in October 2020. This is only 2,404 fewer than in October 2019, despite living in global coronavirus pandemic conditions for more than six months. Not too bad. And Paloma Vasquez, secretary of the Spanish Labor Fund for the construction industry, reports that nine out of ten builders in the country managed to keep their jobs.

Golden Visa Spain

Golden Visa Spain

What is Spain’s “Golden Visa”? What does Spain’s “Golden Visa” program entail? How to obtain a “Golden Visa” in Spain? Law for entrepreneurs and capital investors How to obtain Spanish citizenship? How to obtain residence permit in Spain? Conclusion 1. What is Spain’s “Golden Visa”? Spain attracts many who want to stay in the country longer than a tourist visa allows. As one of Europe’s largest states, it accepts foreigners through various legal mechanisms. The most accessible options are obtaining residence permits through long-term residence or property ownership, as well as the “Golden Investor Visa” (Golden Visa).

Guide to getting Spanish residency

Guide to getting Spanish residency

How to get Spanish residency Registering as a resident Long-term Spanish residence visa Permanent residence (PR) in Spain How to get Spanish citizenship Brexit and residency in Spain Conclusion 1. How to get Spanish residency For EU/EEA/Swiss citizens: Citizens of these countries can stay in Spain for up to three months without formal procedures. For longer stays, registration with the local town hall is required, obtaining an NIE (Número de Identidad de Extranjero — foreigner identification number) and foreigner’s card. EU citizens do not require visas or work permits for permanent residence, although this affects access to social services.

Healthcare in Spain For Expats

Healthcare in Spain For Expats

Spanish medical system for expats Cost of medical care in Spain Medical insurance in Spain Visiting a hospital in Spain Visiting a dentist in Spain Pharmacies in Spain Pregnancy and childbirth in Spain Children’s healthcare in Spain Healthcare system for retirees Conclusion 1. Spanish medical system for expats Spain ranks first in life expectancy among all EU countries. Public opinion about the healthcare system is positive, expats find medical services to be of sufficient quality. The healthcare system is decentralized — autonomous communities independently provide medical services.

Home appraisals increased

Home appraisals increased

The number of real estate appraisals in Spain grew by 57.3% in the first half of 2021 year-over-year, reaching 233,300 operations — slightly above 2018 levels, hitting a new high, according to data from the Spanish Association of Valuation Analysis (AEV). Additionally, the average appraisal amount from January to June was €212,000, which is 3.8% higher than in the first six months of 2020. The average value of appraised housing has been steadily growing since 2014. According to AEV, this is explained by rising market prices and changes in the characteristics of appraised properties — they are now larger and located in more expensive areas.

House Spain 1 euro

House Spain 1 euro

How to buy a house for 1 euro? Abandoned villages in Spain Who buys abandoned Spanish towns? Where to look for offers? Conclusion 1. How to buy a house for 1 euro? Yes, real estate properties were indeed sold at symbolic prices, but with a significant caveat. Buyers of such houses took on substantial restoration obligations. The typical scenario involved purchasing dilapidated housing in depopulated villages with a mandatory condition to restore both the structure itself and the surrounding infrastructure within three years. If these conditions were not met, the property would revert to the municipality.

Housing grew July 2021

Housing grew July 2021

The volume of residential real estate purchase and sale transactions in Spain grew by 22.9% in July compared to the same month in 2020 — a period heavily affected by the Covid-19 pandemic. By the end of July 2021, 64,039 transactions were recorded. The average price per square meter was 1,475 euros, which is 2.2% higher compared to the same period last year. This data was published by the General Council of Notaries on September 16. According to the report, apartment sales increased by 23.3% year-on-year and amounted to 47,505 transactions, while sales of private houses increased by 21.6% — to 16,533 transactions.

Housing Valencia grows in price

Housing Valencia grows in price

Housing prices in the capital of Valencia at the end of June were 3.7% higher than a year earlier, according to Tinsa company data. The average price in Valencia is 1,518 euros per square meter — half the price of cities like San Sebastián, Madrid or Barcelona. However, there are differences between districts: in some of them prices are still declining, which is quite unexpected. This applies to L’Eixample — one of the city’s districts with the highest prices, which was also one of the most sought-after. According to Tinsa, the cost per square meter there is now 2,188 euros, which is 7.1% lower than the level a year ago.

How to choose your dream home in Spain

How to choose your dream home in Spain

Introduction Calculate your budget Why are you buying real estate in Spain? Choose a region to live Types of real estate Property condition: new construction vs secondary housing Liquidity Planning a reconnaissance trip 1. Introduction Buying a home in Spain begins with property selection through a website or contacting specialists. After you’ve identified suitable properties, organize a trip to Spain to conduct technical procedures. Main first steps: Obtaining NIE (foreigner identification number) Opening a bank account in a Spanish bank Checking the legal status of the property through “Nota Simple” (property registry extract) Signing a preliminary contract with a 10% deposit Completing the transaction at the notary with payment of the remaining amount Registering property rights within 30 days

How to sell property in a pandemic

How to sell property in a pandemic

As is well known, selling a house in Spain is a complex and time-consuming process, and nowadays the “delights” of the global pandemic are added to this. Nevertheless, demand for Spanish villas and apartments is gradually recovering, and buyers are becoming more numerous every day. In this article we will answer important questions: how to sell real estate in Spain during a pandemic? How to adapt to new rules and attract buyers? Let’s figure it out.

How to sell property remotely

How to sell property remotely

Specialists from various fields have faced changes brought by the COVID-19 pandemic. In the new reality, special rules and restrictions apply, and we have to adapt to them. Business is also forced to work in new ways. This also applies to the real estate market, especially foreign real estate, since the borders of many countries are still closed or require quarantine upon entry. Thanks to the development of IT solutions, property sales can now be carried out remotely. Today you have the opportunity to sell your property in Spain without leaving your country. Moreover, the costs are minimal: from €490 per transaction.

Ibiza property market skyrockets

Ibiza property market skyrockets

Today, housing prices in the Balearic Islands significantly exceed the level that existed before the 2008 crisis. Five locations in Ibiza top the ranking. Ibiza is a European paradise: well-developed air connections with all of Europe, breathtaking landscapes, mild climate, and international fame make the island a favorite vacation destination for tourists from around the world. It seems that virtually every celebrity visited here this summer. The largest businesspeople, movie stars, musicians, and athletes chose Ibiza and its beaches for vacation, which immediately impacted the real estate market.

Investment climate Spain

Investment climate Spain

One of the basic principles of investing is diversification. This means that when forming a strategy to maximize returns, it’s necessary to think not only about how many stocks and bonds to include in a portfolio, but also about other assets (direct investments, derivative instruments, etc.), including real estate properties. For example, Norway’s Global Pension Fund manages investments worth 1.3 trillion euros — the same as Spain’s GDP. Currently, 7% of funds are invested directly in real estate. The target figure is 10%.

July 2021 News

July 2021 News

Foreigners are returning to the market Startup law and freelancer visa 100 expensive locations Skyscrapers for everyone Spaniards returned to mortgages 12 children to save the city 1. Foreigners are returning to the market In the summer of 2021, Spanish real estate market analysts recorded a gradual recovery to pre-COVID levels, particularly noting the return of foreign buyers. According to Idealista, in Q2 2021, foreign investors participated in 11.3% of all real estate transactions in Spain.

June 2021 News

June 2021 News

40,000 deals per month Capitals losing residents Costa del Sol — a budget option? Tax on vacant real estate Rental growth slowing down Average age of housing Cristiano opens hotel 1. 40,000 deals per month Spain’s National Institute of Statistics (INE) published a report on the real estate market situation in June. According to INE, in spring 2021 (March — April — May), more than 40,000 purchase and sale transactions were registered monthly in the Property Registry. The 40,000 transaction mark for three consecutive months was last recorded in early 2020 — immediately before the pandemic began. This was reported by the Idealista portal.

Living the Million-Euro Life: La Zagaleta - Spain's Most Luxurious Neighbourhood

Living the Million-Euro Life: La Zagaleta - Spain's Most Luxurious Neighbourhood

Spain’s Most Expensive and Exclusive Urbanisation Former hunting grounds acquired by Adnan Khashoggi in Benahavis (Malaga), located minutes from Marbella, have been transformed into an exclusive enclave for the world’s wealthiest individuals. The community maintains strict confidentiality as a core principle - an approach essential even for navigating the 900-hectare estate. Prospective residents must invest a minimum of one million euros for a plot, with premium locations fetching up to six million euros. These plots provide direct access to one of two 18-hole golf courses and views of the Mediterranean extending to Africa. Existing mansions typically cost between four and sixteen million euros, though the most expensive reach fifty million.

Longest to let property

Longest to let property

In the Spanish market, the average exposure time for rental properties increased in the second quarter of 2021 to 2.9 months, according to data from the real estate big data platform Brains Real Estate. Maria Moreno, data scientist at Brains RE, notes: “Due to the situation we find ourselves in, this period has significantly increased since March 2020.” When compared to first quarter 2020 figures, when the average period was 1.7 months, the time properties spend on the market has grown by 70%.

Luxury Villas in Spain

Luxury Villas in Spain

Spanish villas have traditionally been popular among buyers from all over the world. Our catalog features thousands of villas for sale for different budgets. In the listings, you can always find an unusual property or a luxurious option at a reasonable price. Today we want to present two complexes of Spanish elite villas that are currently under construction (from €5,000/m²) and are located at two different poles of Spain. One is in Marbella, the “Spanish Las Vegas,” the heart of Andalusia on the country’s southern coast, with views of Gibraltar and the northern coast of Africa. The other is in the Catalan town of Begur, in the northeast of the country, in the province of Girona, an hour’s drive from France, where it’s cooler and quieter.

March 2021 News

March 2021 News

Coronavirus took away a quarter of foreign purchases Real estate — a weighty reason for travel Half the country rents housing More about the rental market Time to share with those in need Solar boom Everything will be fine 1. Coronavirus took away a quarter of foreign purchases Real estate purchases by foreigners in Spain significantly decreased in 2020. According to Spain’s Property Registry, foreigners purchased 24.6% fewer properties than in 2019. The total number of transactions involving foreign buyers amounted to 47,500 — that’s 11.3% of all purchases. Despite the difficulties related to the pandemic, analysts note that three out of four planned deals still took place, which indicates market resilience. The most active foreign buyers were British, French, Germans and Moroccans.

May 2021 News

May 2021 News

Tourist season and vaccines Real estate market recovery More vaccines — more deals? Swedes are going to Marbella View from the window, internet and beach Forbidden fruit A house for Guardiola 1. Tourist season and vaccines On May 21, Spanish Prime Minister Pedro Sánchez announced that from June 7, foreign tourists would be able to enter the country. Citizens of “safe” (in terms of infection rates) countries outside the EU will be able to arrive without vaccination. These are citizens of the United Kingdom, Australia, New Zealand, Singapore, Israel, South Korea, China, and Rwanda. The list may change in the near future.

Millionaires Mallorca

Millionaires Mallorca

What does the portrait of a typical luxury real estate buyer in Mallorca look like? Who owns the most expensive properties on the island? Is the market experiencing a real boom? A significant portion of the world’s population spent lockdown dreaming of life in their dream home. Millionaires too! That’s exactly why sales are breaking records, and for those who want to and can spend, there are no limits. We spoke with several experts to find out who is behind the current real estate market revolution.

Mobile provider Spain

Mobile provider Spain

1. Check Network Quality Instead of starting with tariff comparisons, we recommend first testing network quality. Spain has four major operators with their own networks and wide coverage: Orange Vodafone (website may be unavailable outside Spain without VPN) Movistar Yoigo Many other providers operate as virtual networks, using the infrastructure of these four main operators. Since signal quality depends on location, install the Opensignal app (available for iOS and Android) to determine connection quality in your area.

Moraira and Teulada (Spain): Beaches, Attractions and Complete City Guide

Moraira and Teulada (Spain): Beaches, Attractions and Complete City Guide

1. General Information Moraira is a town within the Teulada municipality, located 80 km north of Alicante and 100 km south of Valencia on the Mediterranean coast. These two settlements are usually referred to together as Teulada-Moraira. They lie in the north-east of Alicante province, in the Marina Alta comarca. Teulada is considered the municipal urban centre and lies 6 km from the Moraira coast. The population of Teulada-Moraira is 11,112, roughly evenly split between men and women. Moraira, situated on the shore, has its own port and marina. It is a popular resort. Five fishing boats operate from the local port. Moraira’s fish market is one of the most renowned on the Costa Blanca.

Mortgage post-pandemic record

Mortgage post-pandemic record

The number of mortgage loans for housing purchases in Spain increased by 41.2% year-on-year in June, reaching 37,961 — this is the highest growth since December 2019 and the highest figure since the pre-pandemic period (January 2020). Variable interest rates once again became preferable to fixed rates. The volume of funds disbursed increased by 49%, with the average loan size amounting to 140,456 euros — the highest since February 2020, according to monthly mortgage data from the National Institute of Statistics (INE).

Most expensive villas in Spain

The Most Expensive Real Estate in Each Autonomous Community Autonomous Community Municipality Price Andalusia Benahavís 35,000,000 € Balearic Islands Calvià 32,500,000 € Community of Madrid La Moraleja 19,500,000 € Canary Islands Adeje 15,000,000 € Catalonia Torello 15,000,000 € Valencian Community Jávea 12,500,000 € Castile-La Mancha Valdepeñas 8,000,000 € Castile and León Conde de Casal 7,500,000 € Basque Country San Sebastián 6,000,000 € Galicia Nigrán 5,500,000 € Cantabria Comillas 4,500,000 € Aragon Jaca 3,500,000 € Asturias Castropol 3,200,000 € Extremadura Cáceres 3,000,000 € Murcia La Manga del Mar Menor 2,950,000 € Navarre Egüés 2,900,000 € La Rioja Logroño 2,500,000 € Key Findings Andalusia tops the list with a mansion in Benahavís worth 35 million euros. Balearic Islands follow with a villa in Calvià for 32.5 million euros. The most affordable of the “most expensive” properties is located in La Rioja, priced at 2.5 million euros. For additional information about the real estate market, visit Idealista.

Moving To Spain After Brexit

Moving To Spain After Brexit

Emigration to Spain from Great Britain Best places to live in Spain Visa requirements for Spain Job searching in Spain Banking system and taxation Healthcare in Spain Driving in Spain Moving to Spain with children Transporting pets to Spain Moving to Spain after Brexit Main mistakes when moving to Spain Conclusions 1. Emigration to Spain from Great Britain Spain attracts settlers with its lifestyle and nature. The country offers: mild climate, warm sea;

New Build Property in Spain vs Resale

New Build Property in Spain vs Resale

Lower utility bills Quality finishes and durability Convenient layout Surrounding infrastructure Squatters won’t get through! Secure transaction Installment payment Online viewing and booking 1. Lower utility bills All new builds in Spain have energy certificates of class A or B. Thanks to the use of modern materials and electrical equipment, modern buildings better retain heat inside. The main energy efficiency parameters are thermal insulation, heat recovery and infiltration (reducing air ingress from outside).

New developments in Costa del Sol

New developments in Costa del Sol

Costa del Sol and new residential complexes — brief overview Construction timelines and quality Gated apartment complex in new development Purchasing new construction with sea view Separate housing outside the complex New villas Townhouse and bungalow: no longer as popular as before Top 5 new developments on Costa del Sol Book a tour of Costa del Sol new developments 1. Costa del Sol and new residential complexes — brief overview

New expansive cycle Spain

New expansive cycle Spain

The real estate sector is entering a new phase. A cycle driven by solvent demand that emerged after the announcement of vaccine approvals. A cycle that will be characterized by limited supply of new housing — predominantly at the construction stage — stricter discipline in granting developer loans and mortgages, as well as clearer differentiation between secondary and new housing, the latter with better characteristics. Spain stands on the threshold of unprecedented economic recovery: after the GDP collapse in 2020 due to the pandemic, the country has confidently embarked on a long-term path of improvement. GDP entered positive territory for the first time after the first state of emergency, adding 2.8% quarterly in the second quarter of 2021.

New housing prices rising

New housing prices rising

Used housing prices rose 3.3% in the second quarter year-on-year — 2.4% more than in the previous quarter, and this is the highest figure since the fourth quarter of 2019, before the pandemic began. This is evidenced by the Housing Price Index (HPI) of the National Institute of Statistics (INE), published on September 8, 2021. With the growth in the second quarter, used housing prices have been rising for 29 consecutive quarters in annual terms, and this breaks the slowdown trend that began in the first quarter of 2020 with the start of the pandemic crisis.

New Preferences After COVID

New Preferences After COVID

How have home buyer preferences changed in post-COVID reality? What types of housing are currently trending and why? Are shared pools and open spaces a bad idea? How will construction companies change their design principles in the near future? Have you heard about the “microchip” conspiracy theory? Bill Gates didn’t start talking about viruses for nothing. This man founded one of the largest companies in the world. He understands the impact of global processes, keeps his finger on the pulse. Overall, he understands what’s happening better than others. Since the beginning of the century, COVID-19 is already the fourth virus threatening all humanity. And subsequent events — quarantine, self-isolation, changing investment trends, and so on — are partly coincidence. This could have happened earlier, which Bill Gates tried to tell about in his TED talk. But, as usually happens, people start listening and analyzing only after the fact.

Newly Built After Quarantine

Newly Built After Quarantine

How developers behave in the “new reality”: statistics, forecasts and interesting offers. Since March we have been receiving many questions from clients about the progress of construction in Spain. Are works continuing? What is happening right now? Will prices for new builds change due to the pandemic? Let us clarify — house construction in Spain has resumed. This happened almost immediately: most developers limited themselves to downtime from March 30 to April 12, after which the process continued under quarantine conditions under police supervision and until 15:00. After some time, the time restriction was lifted. Since the beginning of the pandemic, the largest local developers (Aedas Homes, Metrovacesa, Via Celere and others) agreed to support their clients and changed the payment schedule. This is an opportunity for those who lost their jobs during the pandemic or demonstrated a significant drop in income.

October 2020 News

October 2020 News

Spain faces a shortage of new construction Prices for new real estate are rising -2.4% Land has never been this cheap Rental growth Elevator is the main thing Hotels offer rooms for remote workers 1. Spain faces a shortage of new construction Next year Spain will face a shortage of new construction. This is reported by the country’s largest media outlets. According to their data, due to the consequences of the 2020 pandemic, Spain issued approximately one-third fewer construction permits than usual.

Okupas in Spain: Squatters' Rights and Property Protection

Okupas in Spain: Squatters' Rights and Property Protection

Who are “okupas” and where do they come from? What real estate is at risk? What to do if a house is captured? How to avoid okupas and protect your property Conclusion “Okupas” is the first word that scares those who are going to buy real estate in Spain. During the quarantine, discussions of this topic began to appear more frequently in social media and the press. What is this phenomenon, how widespread is it in Spain, and what is the chance of losing your home because of squatters? Let’s take a closer look.

Opening a Bank Account in Spain

Opening a Bank Account in Spain

Everything you need to know to open a bank account in Spain Documents you will need How to open an account with a Spanish bank online Banking fees and commissions Which bank is best suited to your specific requirements Conclusions 1. Everything you need to know to open a bank account in Spain If you are planning to purchase property on the secondary market of Spanish real estate, you will need to open an account with a local bank in any case, since secondary real estate in Spain can only be purchased through a bank. New housing can be bought by transferring money from abroad. But not in the case of a mortgage! If you need a mortgage, your path lies through a Spanish bank. Taxes and utilities are also paid from a Spanish account.

Owning property in Spain taxes

Owning property in Spain taxes

Understanding home ownership costs in Spain Utility bills Property taxes Insurance Mortgage fees and expenses Other hidden ongoing costs Unplanned expenses Property management services Conclusion: important points to remember 1. Understanding home ownership costs in Spain Property maintenance in Spain is an important aspect that must be considered before closing a deal. Expenses are divided into two categories: Fixed payments: Taxes Insurance Home maintenance Local services (cleaning, garbage collection) Variable payments:

Parking lots investment

Parking lots investment

Parking spaces are an excellent investment opportunity in the Spanish real estate market. They are easily rented out, demand for them in city centers is growing, and they can be sold quickly. Where is it best to buy and rent out a parking space in Spain? Central locations in large cities guarantee good returns with minimal expenses. The profitability of parking spaces continues to decline from quarter to quarter. According to Idealista data, on average it fell to 6.5% in the second quarter of the year, however a parking space in the center of large cities remains a safe investment - at least for long-term investors focused on stable returns.

Parking lots investment now

Parking lots investment now

The average profitability of parking spaces in 2021 was 8.7% — a slight decrease compared to 2020 (9.9%), but 2% higher than five years ago. Overall, parking profitability in Spain has grown from 6.9% in 2016 to 8.7% in 2021. A year earlier, the indicator almost reached 10%, while in 2021 it barely exceeded 9%.

Permits to renovate a house in Spain

Permits to renovate a house in Spain

Do you need a permit to paint a house in Spain? How much does renovating a house in Spain cost? What happens if you do renovations without a permit? The advantages of renovated housing are obvious: in addition to living comfort, renovation can triple the value of a house. However, before starting any work, you should determine exactly which permits are mandatory to avoid problems and fines.

Pilar de la Horadada: The Southernmost Point of Alicante Province

Pilar de la Horadada: The Southernmost Point of Alicante Province

1. General Information Pilar de la Horadada is a municipality in Alicante province, Spain, located just 1 km north of the Murcia border, making it the southernmost point of Alicante province. The town has a population of 21,905. Until 1986, Pilar de la Horadada was part of the Orihuela municipality. Distances to major cities: Valencia approximately 230 km, Alicante 68 km, Murcia 45 km, Cartagena 41 km, Orihuela 36 km, Torrevieja 18 km. The municipality lies 3 km from the coast on a coastal plain.

Prices risen since crisis

Prices risen since crisis

Tinsa’s General Housing Price Index shows that apartment values have increased by 5.2% over the last month compared to the price decline that began last summer due to the pandemic. In August, with a 0.4% increase, new and second-hand housing maintained the trend of moderate price growth. IMIE General and Large Markets statistics from Tinsa, published today, records an annual housing price growth of 5.2% in August and a monthly growth of 0.4%. The largest differences compared to last year were recorded on the islands (7.9%) and in inland and small municipalities (7.1%). Compared to the previous quarter, housing became more expensive by 3.3%, with the highest growth observed in small municipalities of inland regions (4.5%) and in capitals and large cities (4.3%).

Property prices Madrid Barcelona

Property prices Madrid Barcelona

The real estate market is recovering from pandemic stagnation: Alcobendas leads in Madrid with 5.4% growth, while Esplugues leads in Barcelona with 9%. Although COVID-19 affected housing demand, the sector recovered faster than other industries. In the second quarter, property prices increased in 76% of the 25 most populated cities in Madrid and in 56% of Barcelona cities. Apartments became 2.5% more expensive year-on-year in Madrid and 2.9% in Barcelona.

Property prices went up August

Property prices went up August

The average price per square meter of second-hand housing in Spain is €1,890, which is 0.7% higher compared to the previous year. Although prices decreased by 0.2% from July to August, this is the first annual growth after eleven consecutive months of decline, according to the Fotocasa Real Estate Index. Price Growth by Regions Eleven autonomous communities recorded price increases. La Rioja leads with an increase of 2.0%, followed by Aragon (1.0%), Balearic Islands (0.9%), Cantabria (0.5%), Madrid (0.3%), Navarre (0.3%), Castile and León (0.3%), Andalusia (0.2%), Extremadura (0.2%), Asturias (0.1%), and Valencia (0.1%).

Property Rental in Spain: Houses, Apartments and Villas - Brief Guide

Property Rental in Spain: Houses, Apartments and Villas - Brief Guide

Property rental in Spain is suitable for both short trips and long-term residence. Before choosing a property, it’s important to determine the purpose: vacation, relocation, study, remote work or seasonal living. Types of rental formats Short-term rental: from several days to several weeks, most often for vacation. Medium-term rental: from 1 to 11 months, convenient for temporary residence. Long-term rental: usually from 12 months, with more stable price conditions. Different contract conditions, deposit and utility payment terms apply for each format.

Property Spain after lockdown

Property Spain after lockdown

Who has suffered more from the coronavirus epidemic — buyers or sellers? Why are speculators and heirs selling homes at low prices? Will developers offer discounts on new housing? The housing market is gradually returning to normal after two months of lockdown. Since May 6, quarantine measures in Spain have been easing, and life is returning to its usual rhythm… or is it? Buyers and sellers are now wondering what will happen to local real estate prices. Is it profitable to make deals now, and can you benefit from the current situation? And when will everything return to normal?

Rent cheaper expensive Spain 2021

Rent cheaper expensive Spain 2021

The cost of rental housing in Spain has decreased by 6.7% over the last year to an average level of 10.7 euros/m², although the pace of decline slowed in August. Six autonomous communities, 17 provincial capitals, and 11 provinces became cheaper compared to the rest of Spain. In which autonomous communities, capitals, and provinces did rent become cheaper this year? August closed with an annual drop in rental prices in Spain of 6.7% to 10.7 euros/m², according to the latest price report from idealista. Over the last 30 days, on the contrary, the price declined only slightly — just 0.3%.

Rental prices risen five years

Rental prices risen five years

Apartment rental in Spain has become significantly more expensive over the last decade. Today it costs “41% more than in 2016,” with some locations experiencing even sharper growth. In Tenerife, Logroño and Murcia, prices jumped by 42-45%. After several years of rapid growth, rental rates began to change direction. The pandemic triggered this reversal, reducing demand during the crisis period while simultaneously increasing the supply of available apartments. Despite the recent slowdown, the long-term trend remains steep: housing today costs 32% more than it did ten years ago.

Renting out holiday apartment in Spain

Renting out holiday apartment in Spain

Rental market trends in Spain What to consider when renting out? Expenses and taxes on rental income in Spain Where to find tenants? How much money can you earn from property rental in Spain Renting out a Spanish villa: ROI calculation How much can I earn from long-term rental? Is rental in Spain a good investment? What property is best to invest in for rental? 1. Rental market trends in Spain

Salamanca Madrid investments

Salamanca Madrid investments

Salamanca is a district popular among both investors and residents: it has recorded the highest prices for buying and renting housing in Madrid, according to a study by consulting company CBRE. The CBRE “Corazones de Barrio” report indicates that the Salamanca district maintains the highest cost per square meter of residential real estate in Madrid — over 5,700 euros at the end of 2020. In terms of rental costs, the district ranks second after Chamberí — around 17.5 euros/month per square meter. However, due to the pandemic, rental rates decreased by 11% over two years, interrupting the growth trend observed until the beginning of 2020.

Sales record 13 years

Sales record 13 years

In recent months, more housing was purchased in Spain than before the pandemic. Why? In the first half of 2021, 267,715 villas and apartments were sold in Spain, according to data from the National Statistics Institute (INE) and the Spanish Property Registry. This is the best result since 2008, when 313,248 transactions were recorded from January to June. Moreover, this figure is 0.6% higher than the “pre-COVID” 2019, when 266,018 purchases were made in the first half of the year.

San Pedro del Pinatar: Complete Resort Guide for Living and Holidays

San Pedro del Pinatar: Complete Resort Guide for Living and Holidays

1. General Information San Pedro del Pinatar is a municipality in the Mar Menor comarca, located on the coast of the Mediterranean Sea and the Mar Menor lagoon. It belongs to Murcia province on the border with Alicante province. The town is 37 km from Cartagena, 58 km from Murcia and 22 km from Torrevieja. To the north lies the Salinas y Arenales de San Pedro del Pinatar natural park. As of 2018, the official population was 25,167. It is one of the smallest municipalities in the Murcia region at just 22 square kilometres. The population is distributed across San Pedro del Pinatar itself and its surroundings: Lo Pagan, Los Saes and El Mojon.

Santa Pola Near Alicante: Everything You Need for Holidays and Buying Property

Santa Pola Near Alicante: Everything You Need for Holidays and Buying Property

1. General Information Santa Pola is a municipality in the Valencian Community on the Alicante provincial coast. In 2019, the population was 32,306. The town is known for historic ruins, its fortress, port, salt lakes and Blue Flag beaches. Population growth accelerated significantly in the 20th century. Gran Alacant, a new district approximately 5 km north, comprises about a third of the municipality’s population and is located near Alicante Airport.

Sell or buy property in Spain remotely

Sell or buy property in Spain remotely

Stay home, protect your family! We are always in touch and ready to help you with buying or selling real estate in Spain online. How the online process looks: For the buyer For the seller 1. For the buyer Step 1: Consultation and property selection Our specialist will contact you online through messengers or by phone. Our agent will help you select suitable options in the shortest possible time. Step 2: Order an online viewing

Sell property Spain quickly

Sell property Spain quickly

Get rid of excess items Cleaning and repairs Remove unnecessary things Create a story Add decor yourself or call a specialist 1. Get rid of excess items If you’ve decided to sell your house, sooner or later you’ll have to pack your belongings, so it’s better to start right now. Stock up on boxes and sort your belongings into categories:

September 2020 News

September 2020 News

-4% on the coast A website worth more than 1 billion Landlords are rubbing their hands together Honeycomb in Barcelona Franco’s family is being evicted from the castle Capitals and COVID: who lost and who gained? Salary overview in Spain 1. -4% on the coast According to the analytical agency Tinsa, since the beginning of the pandemic (from March 2020), Spanish real estate has lost an average of 1.8% in value. Nevertheless, specialists assess these figures with optimism: at the beginning of the pandemic, some experts predicted a 10% decline by the third quarter. Moreover, if we consider only provincial capitals, Spanish real estate shows 0.4% growth — this is higher than the most optimistic forecasts.

Short Guide to Buying Spanish property

Short Guide to Buying Spanish property

Real estate market in Spain Can foreigners buy property in Spain? How will Brexit affect Spanish property buyers? Why do foreigners buy property in Spain? Who is the property buyer in Spain? Searching for your dream property Legal consultation What to do before the transaction How to avoid fraud and traps Purchase process — two main stages Mortgage Additional costs and taxes Costs when buying a home with a mortgage

Solvia 600 plots

Solvia 600 plots

Solvia, a company specializing in real estate services, has launched the “Plots that become homes” campaign, putting nearly 600 land plots for individual residential construction on sale. Single-family homes - a growing trend The average price of these plots is 30,000 euros with a building area of 500 square meters. They are located predominantly in the Valencian Community (260 plots), Catalonia (100), Castile-La Mancha (80) and Castile and León (60). The provinces of Castellón, Guadalajara, Burgos, Tarragona, Barcelona, Girona and Toledo make the largest contribution to the campaign.

Spain Real Estate Market: News for December 2020

Spain Real Estate Market: News for December 2020

Market revives according to Statistics Institute data 2020 changed our preferences Village better than city? Nightclubs for sale Sun living on the roof Is the secondary market recovering? Living like royalty 1. Market revives according to Statistics Institute data According to the Spanish Statistics Institute, by the end of 2020, Spain’s real estate market showed recovery signs. In the third quarter, home purchases grew significantly — 102,197 transactions compared to 76,545 in the second quarter. Year-on-year, the overall decline was 16%, with the secondary market falling by 21.58%, while new builds grew by 7.32%.

Spaniards live longer habits

Spaniards live longer habits

Moving to Spain for retirement is a decision that more and more Europeans are making. And it’s not just because living here is cheaper than in many other countries. One of the main motivations for changing countries is that retirees in Spain live longer and happier lives. According to data from the Washington Institute for Health Metrics and Evaluation, by 2040 Spain will take first place in the world for expected life expectancy and quality of life — this indicator will be 85.8 years.

Spanish Inheritance Tax

Spanish Inheritance Tax

How to inherit Spanish property if you are British? Spanish inheritance law How can British citizens inherit property in Spain? What are the requirements for making a will in Spain? Inheritance tax in Spain Checklist for a British person inheriting Spanish property 1. How to inherit Spanish property if you are British? Spain is among the most popular European destinations for British property purchases. In addition to taxes, inheritance matters are a significant concern for property owners. This guide describes the inheritance process in Spain and the applicable inheritance tax rates for testators and heirs.

Spanish Mortgage for overseas property

Spanish Mortgage for overseas property

Before submitting an application Requirements for obtaining a mortgage as a non-resident Process in brief Documents for application submission How much can I borrow? Fixed or variable rate – what to choose? Current mortgage rates in Spain – 2021 Costs and fees Mortgage payment refunds Refinancing and switching to another bank What to remember when selling mortgaged property Overpayment Where to get a mortgage: in your own country or from a local bank

Spanish NIE Number Guide

Spanish NIE Number Guide

What is a Spanish NIE number? Why do you need it? Requirements for obtaining NIE Applying in person in Spain Applying in person through Spanish consulate abroad Third-party authorization How to get a Spanish NIE number in the UK? Processing times How long is a Spanish NIE number valid? Conclusion and frequently asked questions 1. What is a Spanish NIE number? The Foreigner’s Tax Identification Number (NIE) — Número de identidad de extranjero — is used for official procedures: obtaining permits, processing financial documentation, payroll processing, getting driver’s licenses, mortgages, registering in the social security system (health insurance, unemployment benefits, subsidies, pensions). It serves as an identifier for operations requiring verification of foreign citizens.

Spanish Property Buying Process

Spanish Property Buying Process

Step 1: Find an independent lawyer Step 2: Obtain NIE Step 3: Open a bank account Step 4: Mortgage application Step 5: Reservation agreement Step 6: Preliminary property inspection and legal due diligence Step 7: Obtaining the mortgage Step 8: Preliminary purchase agreement (arras) Step 9: Purchase agreement (Escritura de Compraventa) Step 10: Tax payment Step 11: Property registration Conclusion 1. Find an independent lawyer Before signing contracts, it is strongly recommended to find an independent lawyer specializing in Spanish land law (urbanismo). Ideally, the lawyer should speak both Spanish and your native language — this will save on translation costs.

Spanish Property Market 2019

Spanish Property Market 2019

In 2019, the global economy was forecast to grow by approximately 3.7%, while the Spanish economy was expected to grow by 2.2-2.3%. The average price of completed housing remained 34.7% below the peak value of 2007. Financial and Activity Indicators Average home sale time (liquidity): 8 months. Financial effort when purchasing: 17.1% of annual gross family income. Average amount of new mortgages: €123,797. Mortgage payment: €563 per month. Sales / existing housing stock: 22.7 transactions per 1,000 homes. Building permits / existing housing stock: 3.9 permits per 1,000 homes. 1. Spain’s Real Estate Market in 2019

Spanish Property Market 2020

Spanish Property Market 2020

Will residential and commercial real estate prices continue to rise? Let’s take a closer look at Spain’s real estate market in the near term. Spain’s real estate market in 2020 [updated after Covid-19 quarantine] Spain’s real estate market in 2019 Expert opinions on Spain’s real estate market. Trends Current real estate prices in Spain Spain real estate price forecast for 2020 Spain’s real estate market after Brexit Conclusion Are we facing another real estate bubble? Is it better to buy now or wait? Will real estate prices in Spain fall in 2020? 2019 was marked by a slowdown in Spain’s housing market. Neither purchase volumes, nor prices, nor construction rates grew as they had in previous years. Given the fragmented nature of the market, we will examine in detail those regions of Spain that are of interest to foreign buyers.

Spanish Property Market 2021

Spanish Property Market 2021

Spanish real estate market in 2021 Property price changes compared to 2020 Spanish real estate market trends Current property prices in Spain Spanish property price forecast for 2021 1. Spanish real estate market in 2021 It seems last year opened a new path in the Spanish real estate market: high demand for rental housing, locals who no longer want to buy apartments in the city center, but are looking for townhouses in the suburbs.

Spanish Property Survey

Spanish Property Survey

1. Types of Property Surveys in Spain Both individuals and companies need to ensure that investing in new or resale property is justified. For this purpose, it’s necessary to conduct a survey before purchase. The house you’re buying may look solid, but it may hide problems that only an inspector will discover. At best, the survey will confirm that the house is reliable and structurally sound. At worst, you’ll be able to reconsider your decision or reduce your offer: for example, if roof repairs would cost €10,000. A survey provides information for informed negotiation.

Spanish Real Estate After COVID-19: Impact and Housing Market Forecast

Spanish Real Estate After COVID-19: Impact and Housing Market Forecast

How is the market behaving during the epidemic? How will property prices change after the end of quarantine? This article features expert opinions and our forecast. By mid-April, more than 18,000 people had died from coronavirus in Spain, with the number of infected running into hundreds of thousands. The country’s economy, including the local housing market, is suffering losses. Spanish real estate is particularly vulnerable in this situation, as its future largely depends on foreign investment. At the same time, borders remain closed, and potential buyers have no opportunity to come to Spain to view properties.

Spanish Real Estate August 2021

Spanish Real Estate August 2021

Sales set a record Safe cities Pool surcharge View from the window in Barcelona “Golden visas” are returning? Historic masia for sale 1. Sales set a record In the first half of 2021, 267,715 villas and apartments were sold in Spain, according to data from the National Institute of Statistics (INE) and the Spanish Land Registry. This is the best result since 2008, when 313,248 transactions were recorded from January to June. Moreover, this is 0.6% more than in “pre-Covid” 2019, when 266,018 purchases were made in the first half of the year.

Spanish Real Estate Market: August 2020 News

Spanish Real Estate Market: August 2020 News

From city to countryside It’s all about the pool Drones against squatters Squatters against Valencia authorities Murcia didn’t notice the pandemic When will the market recover? CaixaBank forecast Sell Spanish real estate from home Summer 2020 is coming to an end, but news from the warm coast keeps coming! In the fresh issue of our review, we have gathered the most interesting updates from the Spanish real estate market. In August, the fight against squatters intensifies, Murcia, despite the pandemic, increases sales volumes, and foreign property owners in Spain finally get the opportunity to sell their properties remotely. How does it work? Read on!

Spanish Real Estate Market: November 2020 News

Spanish Real Estate Market: November 2020 News

How many months does it take to sell real estate? Europe’s largest artificial beach Half of Spaniards plan to move In this house, only we Now we rent out a room Sale! Hotels Tourist shortage 1. How many months does it take to sell real estate? Since the COVID-19 pandemic began in Spain, property sale times have increased. According to Idealista, the average sale time has grown from five to six months. In provinces such as Teruel, Palencia, and Zamora, completing a transaction requires more than a year.

Spanish real estate prices in 2022

Spanish real estate prices in 2022

What was happening in the Spanish real estate market in 2021 How Spanish real estate prices will change in 2022 Demand for Spanish real estate in 2022 Is there a “bubble” threat in the Spanish real estate market What will happen to new construction prices Which regions will be in demand in 2022 Conclusion 1. What was happening in the Spanish real estate market in 2021

Start-up law and freelancer visa

Start-up law and freelancer visa

In July, Spanish authorities announced the “Startup Law” (Ley de Startups), which Pedro Sánchez’s government had been developing for more than three years. With this law, authorities aim to attract young companies and “digital talents” to Spain, as reported by leading Spanish media. By “startup,” the Spanish government means young (up to 7 years old) innovative companies with turnover up to €5,000,000, whose shares are not traded on the stock exchange. More than half of the company’s employees must be Spanish citizens. Preferences for such companies include: reducing corporate tax from 25% to 15% in the first 4 years of operation, deferral of income tax payments, and other benefits. With these measures, the government intends to “catch up” with Italy and Portugal, which have already launched similar initiatives. Spain is placing special emphasis on the Canary Islands: it is believed that the archipelago’s digital companies actively attract specialists from around the world for relocation or remote work. A non-resident tax regime will be introduced for remote workers for up to 10 years.

Suburbs and Neighbourhoods of Alicante: Best Places to Live Near the City

Suburbs and Neighbourhoods of Alicante: Best Places to Live Near the City

Where is the best place to live in the suburbs of Alicante? Which areas are considered good and which are not? What do expats prefer and why? Property prices and cost of living with examples. We recently published an article about the districts of Alicante itself; now it is time to explore the suburbs. The suburbs of Alicante attract buyers for several reasons: some want to live in a small town enjoying nature (while remaining close to infrastructure), others seek secluded beaches. Some buyers consider the suburbs because of more affordable prices compared to the city. Additionally, from the northern and southern suburbs of Alicante it is easier to reach Torrevieja and Benidorm.

Summer 2020 News

Summer 2020 News

−6.1% on secondary real estate Rental: taking advantage of the situation Masks are here to stay Courts sleep, okupas awaken Penthouse: expensive but popular When will the market recover? CaixaBank forecast Why not renovate your walls? 1. −6.1% on secondary real estate According to Idealista, secondary real estate prices in Spain dropped by 6.1% during the pandemic. A comparison between July 2019 and July 2020 showed a decrease of approximately 4.8%. The average cost of secondary housing was €1,650/m².

Taxes when selling property

Taxes when selling property

After the pandemic, many decided to change their housing or even move to another city. The decision to sell a home is the first step towards serious life changes, but in many cases sellers do not account for the taxes that must be paid when selling real estate. Nevertheless, it is necessary to know about the taxes that are subject to payment and declaration to the tax authorities when selling a house. Some of them are paid directly upon sale of the property, while others are settled or distributed between the seller and buyer at the time of signing the transaction.

Top 20 Spanish cities highest real estate prices

Top 20 Spanish cities highest real estate prices

How much do you need to pay for buying a house or apartment in the most expensive cities in Spain? Real estate portal Idealista published a ranking of the hundred most expensive locations for buying housing in Spain in the second quarter of 2021. According to this list, most “luxury locations” are concentrated in the Balearic Islands, Barcelona, Malaga and Alicante. Benahavis became the most expensive municipality.

Top 6 new complexes in Estepona

Top 6 new complexes in Estepona

In early 2021, the Spanish real estate market began a gradual recovery: people are waiting for vaccination, and investors are considering plans for the upcoming season. For this article, we chose Estepona, which is considered one of the most promising destinations for buying housing — not only on the Costa del Sol, but throughout Spain. Unlike neighboring Marbella, there is still plenty of free land for development and options for any budget. This is especially true for complexes being built right now: you can still choose a suitable layout and get installment payments until construction is completed. You can book an apartment even after a remote video viewing, which our colleagues on the Costa del Sol organize. This format is becoming more and more in demand every day.

TOP-6 news Post Covid-19 New Normal

TOP-6 news Post Covid-19 New Normal

Masks, video wills, opening of the summer season. Find out what’s new in Spain after quarantine. From July 1st, Spain opened the summer season and borders for tourists, but not yet for everyone. In this digest, we discuss the most important news regarding Spanish real estate on the eve of the country’s “opening” after quarantine, and share current market statistics. Mortgage: alive and kicking Video will Pandemic and “Golden visas”

Torre de la Horadada, Spain: Everything You Need to Know for Buying Property and Holidays

Torre de la Horadada, Spain: Everything You Need to Know for Buying Property and Holidays

1. Location, Climate and Key Features Torre de la Horadada is a district of the Pilar de la Horadada municipality with a population of 2,676, located in the south of Alicante province on the Mediterranean coast. The name Torre de la Horadada derives from both the 16th-century watchtower and the location where it stands: “horadada” in Spanish means “perforated, lace-like” - precisely how the local rocks appear with small caves and holes carved by seawater.

Utility Costs in Spain

Utility Costs in Spain

Utility costs in Spain Electricity supply and costs in Spain Gas supply in Spain Water in Spain Average monthly utility costs Connecting gas or electricity Waste disposal Conclusion Introduction For those who have already purchased property in Spain and want to quickly settle into their new place, this article answers frequently asked questions from newcomers. Let’s begin! 1. Utility costs in Spain Electricity in Spain is not cheap. Every year from December to March and from July to September, Spanish citizens’ wallets undergo a serious test. Due to the absence of central heating in Spain, each family heats their home as they can.

Views increase value 30%

Views increase value 30%

How the View from the Window Affects Property Values in Spain During the pandemic, we have repeatedly stated: our priorities when choosing housing have changed. The demand for a terrace has displaced other pre-COVID requirements, such as location and others. Moreover, we’re not talking about just any balcony, but about a space with magnificent views. Recurring restrictions and other measures have intensified the need to somehow stay connected with open space. According to a report by Barnes Barcelona agency, “good city views can increase the property value by up to 30%”. The real estate agency describes in detail how residential demand in Barcelona - both local and foreign - seeks the opportunity to observe from windows such landmarks as Sagrada Familia, the Cathedral, Casa Batlló, La Pedrera, Tibidabo, or the Mediterranean Sea.

Villajoyosa City Guide: Everything for Buying Property and Holidays

Villajoyosa City Guide: Everything for Buying Property and Holidays

1. Location, Nearest Airports and Cities Villajoyosa (La Vila Joiosa) is a municipality in Alicante province on the Costa Blanca coast, Spain. Population: 34,000. The city sits at 27 metres above sea level, covers 20.45 km2 and has 15 km of coastline. Villajoyosa is 32 km north-east of Alicante and 12 km from Benidorm. How to Get There Nearest airport: Alicante (Alicante-Elche), 49 km away. Journey time approximately 1.5 hours by shuttle and train.

Warren Buffett Spain

Warren Buffett Spain

Berkshire Hathaway HomeServices, which entered the Spanish market in 2019, has made Spain a priority destination for its expansion and announced the opening of 40 new offices over the next ten years by acquiring already operating agencies. Warren Buffett’s real estate division, which has 1,500 offices and more than 50,000 agents worldwide, will focus growth in Spain on the Mediterranean coast, the Balearic and Canary Islands, acquiring existing agencies that possess “expert knowledge of the local market and share the company’s values.”

When will the quarantine end in Spain and what to expect next

When will the quarantine end in Spain and what to expect next

How the Spanish government plans to exit quarantine Phase 0 Phase 1 Phase 2 Phase 3 “New normality” What will be allowed? And when? 1. How the Spanish government plans to exit quarantine On April 28, Spanish Prime Minister Pedro Sanchez presented the “Plan para la transición hacia una nueva normalidad” — a plan for the transition to a new normality. This is a phased approach to easing quarantine measures across Spain, designed to relieve economic pressure while preventing deterioration of the epidemiological situation.

Where to Live and Buy Property in Spain?

Where to Live and Buy Property in Spain?

Where to buy property in Spain is the second most popular question after “how much does it cost?”. 90% of non-residents choose the country’s resort regions. Only a small percentage buys property for permanent residence in central and northern Spain. That said, Spanish holiday homes are perfectly suitable for year-round living. In this article, we cover the most popular regions for buying Spanish property - the eastern and southern coast from Catalonia to Gibraltar, plus the Balearic and Canary Islands.

Where to Live and Buy Property in Torrevieja: 7 District Overview

Where to Live and Buy Property in Torrevieja: 7 District Overview

Playa del Cura Centro (Centre) El Acequion - Los Naufragos Playa de Los Locos Nueva Torrevieja - Aguas Nuevas La Siesta - El Salado - Torreta Los Balcones 1. Playa del Cura Playa del Cura is the main coastal zone and the most popular swimming spot in Torrevieja. This sandy beach is fully equipped with parasols, sunbeds, lifeguard service, water sport hire, bars and cafes.

Who buys luxury Spain

Who buys luxury Spain

There are countries whose wealthy citizens show particular interest in Spanish elite real estate. Among them, Germans stand out, accounting for 18% of luxury real estate inquiries, according to the latest study published by Idealista. In second place are the British (11%), followed by the French (10%), Americans (9%) and Dutch (7%). Which regions of Spain are most attractive to the wealthiest? Foreign interest in luxury housing is concentrated primarily in 10 provinces, which account for 93% of views of properties worth over one million euros in Spain.