Market Outlook
The Andalusian government has approved a decree that sets out a reduction in the Transfer Tax paid when you buy a second-hand home (resale) in the region of Andalucía. The previous rates set in 2020 were: 8% (properties up to 400,000 €). 9% (properties between 400,000 and 700,000 €). 10% (properties over 700,000 €). These Transfer…
The real estate market in Spain suffered in 2020 less than initially feared. The situation remains with various uncertainties for 2021. We try to shed some light on the dark. 2020 was not necessarily an easy year for the property market in Spain, and we are now trying to make a forecast for 2021. However,…
According to a recent report from pisos.com foreign real estate demand is set to grow 20% during this year thanks to the international vaccination program. The vaccination plan together with the opening of borders this Spring is just what foreign buyers have been waiting for during the last 12 months who have been waiting patiently…
Looking at official land statistics in Spain shows a confusing picture. Whereas the price of plots suitable for large number of units declined in 2020 throughout the country, the price of individual house plots and houses themselves seems to uphold fairly well. The immediate conclusion is that due to the pandemic people prefer to live…
Owning a home is a keystone of wealth… both financial affluence and emotional security.