This is the highest increase in three years and has not been recorded in more than 14 years. The average interest rate (3.12%) reached its lowest level since April 2023. In October, home mortgages increased by 60.8% compared to the same month last year, reaching 51,535 loans. This is the highest growth since September 2021 and the highest number of transactions since September 2010. According to...
The Spanish Association of Public Housing and Land Managers (AVS) has called for the creation of a specific legal framework for public housing and has announced that it will present legislative proposals aimed at modifying regulations and laws. The aim is to facilitate both public housing promotion and the development of affordable housing by the private sector, for which it has requested the support of...
In the midst of the housing affordability crisis, real estate developers have proposed a series of measures aimed at alleviating the pressure on the market. Among their proposals are tax adjustments, simplification of procedures, greater public-private cooperation, activation of land for construction and access to more financing. In the tax area, APCEspaña suggests applying a reduced VAT of 4% on the...
The Golden Visa in Spain has been a resource used for years to attract foreign investment, offering a residence permit to people from outside the European Union who make a significant investment in the country. This visa has not only served as a tool to foster economic growth in key sectors such as real estate and business, but also as a means to integrate investors and their families into the Spanish...
EU house prices and rents reach record highs Since 2010, housing prices in the European Union have risen by 52% and rents by 25%. While in some countries property prices have tripled, Spain is among the nations with the lowest increases. According to Eurostat, the indices reflecting purchase and rental prices have reached their highest level in the historical series in September. The house price index...
Since June 2013, an energy certificate has been mandatory in Spain for selling or renting real estate. This document evaluates energy consumption and CO2 emissions, classifying buildings according to their energy efficiency. The rating must appear in advertisements and be attached to contracts. Obtaining the certificate is the responsibility of the owner. Validity of the certificate The energy...
Madrid: one of the most attractive European cities for rental investmentThe European real estate market continues to experience a significant increase in rental prices. In this context, Madrid has managed to stand out among the major cities as a highly profitable option for investors. According to the most recent report by the consultancy firm Global Property Guide, the Spanish capital ranks 12th in the...
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...
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