Investing in Spain

Foreigners pay record prices to buy property in Spain

Average property prices exceed 2,000 euros/m2, the highest since 2008, while the average price for non-residents is at a record high of 2,480 euros/m2. Foreigners have made a strong comeback in the housing market in Spain and have regained pre-pandemic levels when it comes to both sales and purchases. According to statistics from Spanish notaries, foreigners carried out 63,934 property transactions in...

The demand for second homes in Spain grows by 50% and will continue to grow in 2022

Increases have been observed since mid-February and will continue to rise until December. Easter marks the start of the period of the year in which the highest volume of journeys to holiday destinations or second homes in Spain is recorded. Although cultural tourism destinations such as Madrid, Barcelona or Seville are some of the most sought after by Spaniards to enjoy these dates, the demand for...

Factors boosting luxury housing in Spain, according to the Instituto de Valoraciones

After the impact of the pandemic, the real estate sector in Spain has been recovering positively, with property sales figures higher than pre-pandemic levels. In this recovery, private buyers and investors interested in luxury properties located in large cities such as Madrid or Barcelona, on the islands and in coastal areas have played a major role. In times of crisis and uncertainty, it is to be...

Real estate more attractive than ever: investment in Europe hits record highs

The real estate sector continues to be attractive to investors. So much so that it has reached an unprecedented level in history. According to a report published by the consultancy firm CBRE, the sector attracted record investment in Europe in 2021, reaching a volume of 359 billion euros. The figure is 25% higher than that recorded in 2020 and 8% higher than in 2019, before the pandemic broke out...

What do real estate investment experts expect for Spain in 2022

Housing transactions are set to move in a positive direction this year, according to the important players in the sector, although this does depend on various factors, such as the impact of the health situation (which is rising in urgency at the moment), inflation and the shortage of raw materials, which could lead to a rise in property prices. Given this scenario, what will real estate investment be like...

How to take out a mortgage in Spain as a foreigner or expatriate

Loans for these profiles usually finance a smaller amount and have higher interest rates, as they carry more risk for the banks. Mortgages for foreigners living in Spain, or Spaniards residing in another country, have some differences with respect to ordinary mortgages granted to Spanish citizens residing in Spain. For example, they allow financing of up to 70% of the...

Germans are the foreigners who bought the most houses in Spain last summer

The Balearic Islands (34.3%), Canary Islands (23.6%), Valencia (19.7%) capture foreigners' interest in owning a house on the Spanish coasts. Activity in the housing market is recovering faster and faster, following the lifting of most measures restricting people's mobility implemented due to the coronavirus pandemic. One of the points confirming this recovery, in addition to the increase in property sales...

How long does it take to get a mortgage in Spain?

If you're planning on buying property in Spain but you're not a resident, there are many factors that need to be considered. Can a non-resident get a mortgage in Spain? Buying a property in Spain, such as a holiday home, and getting a mortgage in Spain for non-residents can be challenging, but certainly isn't impossible. While some Spanish banks will straight out not lend money to people who live abroad...

Nota simple in Spain explained

A nota simple is a legal document you will often hear in Spain. In this short post we give a brief outline on what it is and why it is so useful. It’s important for a host of reasons and applies to a large number of cases. Simply put, it is one of the most important documents used in the Spanish property conveyancing process. Definition A nota simple is an official land registry report that gives a...

German, French & British buyers dominate on Spain’s real estate market

Having a home on the Spanish coast, where sun and beach predominate, continues to be a point of attraction for foreigners looking for a home abroad. Despite the restrictions on movement between countries due to the coronavirus pandemic, the obligation to undergo quarantine on returning to certain countries if you are not fully vaccinated or having to carry out tests before and after travelling, expats...

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