New Era For UK Buyers In Spain On the 31st January the UK finally left the EU after 47 years and entered a transition period until December 31st this year. During 2020, negotiations will take place before any major changes are seen to affect the rights and restrictions of UK citizens living and working in […]
New Year – New Spanish Property Market The end of 2019 saw the Euribor fall to -0.261 compared with its standing of -0.129 the previous year. Euribor, or the Euro Interbank Offer Rate, is a reference rate that is constructed from the average interest rate at which eurozone banks offer unsecured short-term lending on the […]
Politics and The Spanish Property Market The results of General Elections on November 10th in Spain and December 12th in the UK will undoubtedly have an effect on Spanish house sales. Spain’s property market has already sailed through choppy political waters for over a year after the PP was ousted in a censure motion. A […]
Brexit Affect Revisited There has been renewed speculation over the Brexit affect on the Spanish property market recently after Boris Johnson looked set to force through a UK no-deal withdrawal from the European Union. Sterling fell to below 1.10€ but recovered quickly when Parliament backed a bill to postpone the deadline once again and rejected […]
Spanish Property Market Moves With The Times The latest figures from the National Institute of Statistics (INE) show an increase in Spanish property transactions of 2% during the first five months of 2019 when compared with the same period in 2018. The sharpest rise in the market was seen in purchases of new properties where […]
Spanish Mortgages Getting Cheaper The latest figures show that banks in Spain are offering the best deals on mortgages to non-resident buyers since pre-2008. As a result of Spanish Government legislation introduced last November, banks and not borrowers are now liable for stamp duty (AJD) which makes up some 2 to 2.5 per cent of […]
New Hope For UK Investment In Spanish Property Despite the latest uncertainty over Brexit, British buyers still make up the single largest group of consumers in the Spanish property market. In its latest published figures a leading real estate agency portal reports UK investors as representing almost 24% of all site visitors, compared with a […]
Foreign Investment Drives Luxury Market According to research recently published by a leading international estate agent wealthy overseas buyers are driving the luxury property market in Spain. The highest growth trend has been seen in prominent cities and the most sought-after coastal areas of Spain. Sales of luxury properties during 2018 were reported to […]
Spanish Property Market Goes Global Recently published figures show a geographical shift in overseas investors looking to buy Spanish property during the latter part of 2018, with greater interest emerging from outside the traditional, European customer base. The largest share of the market still went to the British who, despite concerns over Brexit, made […]
How would a ‘No Deal’ Brexit affect British Owners of Spanish Property? An air of uncertainty continues around Britain as the country’s scheduled departure from the EU on 29th March 2019 looks set to possibly drift into delay. There has been contentious debate on all sides, and, despite Theresa May’s efforts, it is looking […]
