The rental market in Spain is preparing for a new investment boom, despite the difficulties it has faced since the entry into force of the Housing Law. This moment is particularly attractive for those seeking a secure return in the real estate sector. The high rental demand is being driven by the rising cost of buying homes, which leaves more people as renters as they are unable to afford to buy. In...
Economist Gonzalo Bernardos, professor at the University of Barcelona and director of the Master's Degree in Real Estate Consultancy, Management and Promotion, foresees intense competition in the mortgage market, where banks will offer exceptional conditions to attract clients. Bernardos points out that fixed-rate mortgages are already being granted at 2.3% for 30 years, but he considers that, by the end...
Thanks to data provided by Idealista, we know that more than 300,000 mortgages were signed in the year of market change. Seven out of every ten new loans are fixed rate while the reference rate for variable rate mortgages is rising and mixed mortgages are gaining prominence. The media reports that the signing of fixed mortgages has broken all records in 2022. For the first time in history, more than...
Recently, in UTANDE Real Estate Consultants, we were on the cover of idealista with one of the great hotels that we market since 2022. It is a 4-star hotel on the road to Leganés, just 14 minutes from Puerta de Atocha. We know that, since 2018, the Gran Via in Madrid renewed its hotel offer and began to bet on luxury. By creating a greater commercial offer, the houses in the area have been revalued....
High rents, rising interest rates and tough mortgage lending conditions mark the outlook for the coming year. Inflation and rising mortgage rates are slowly taking their toll on families and sowing more uncertainty. So far we have learned that, the rise in interest rates since last summer has caused the Euribor to soar above 3%, loans for the purchase and sale of homes have increased in the third...
Different associations and agencies investigate to throw data, statistics, surveys... but in reality the only one that can show a more concrete scenario on this issue is the Ministry of Interior. "Fernando Grande-Marlaska's team has provided the latest consolidated squatting data (although they clarify that they do not discriminate between usurpation and trespassing) in which it can be seen how Madrid and...
We have just learned that 15% of rental applicants are already foreigners. According to the media 20 minutos, "The study of housing in Spain also includes foreigners who come looking for a new residence in our country, a supply and demand market that has certain particularities". A new report from the real estate portal Idealista explains that foreigners are looking less and less for an apartment to...
Following the tightening of the European Central Bank (ECB) with its monetary policy, the mortgage market has undergone a real revolution. The ECB has increased the price of money, setting it at 3% in February 2023, with the aim of curbing the rise in inflation in order to guarantee price stability. This is undoubtedly having a strong impact on the mortgage market. The market data show a boom in...
Low interest rates during the first half of the year and subsequent rises in the second half of the year boosted sales and purchases in 2022. The year is expected to close with more than 600,000 transactions expected nationwide, figures that have not been recorded since before the financial crisis of 2008. "The mortgage market is the consequence of the real estate market. If houses are sold, there will...
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