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...
House prices in the European Union (EU) as a whole rose by 9.1% year-on-year in the third quarter of 2021, their highest increase since the second quarter of 2007, according to data published by Eurostat. The largest increases were recorded in the Czech Republic (22%), Lithuania (18.9%), Estonia (17.3%) and the Netherlands (16.8%). The most moderate increases were observed in Cyprus (2.2%), Italy,...
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...
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...
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...
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...
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...
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...
Spain is infamous for its bureaucracy and hard to navigate red tape, but one person who may be able to help with such processes is a "gestor" or "gestoría". The role of the gestor (who works in a gestoría) is something which is very Spanish, and an equivalent service of this "jack of all trades" figure doesn't tend to exist in other counties. However, as foreign as this concept may sound to you, a...
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