Beachfront apartments in Estepona | from €2,360,000 | Click image for details
As the United Kingdom braces itself for a possible no deal Brexit, Spanish Prime Minister Pedro Sanchez says British expats’ rights will remain unchanged.
It is impossible to say with any certainty what will happen if parliament rejects the deal or if a no deal Brexit is agreed. But what can be assured is that Spain-based Britons will have “their rights preserved whatever the scenario”, as long as Spaniard’s are given the same treatment in the UK, says Sanchez at the annual end-of-year news conference. Read more »
New Apartments in Golden Mile, Marbella | from €695,000 | Click image for details
In the first ten months of the year, the number of properties purchased within the ‘golden visa scheme’ is nearly that of the total amount reached throughout the whole of 2017, Foreign Ministry figures show.
From January to October, a total of 5,778 foreigners obtained a visa by investing over €500,000 in Spanish real estate and businesses, while 546 individuals obtained residency through a property purchase. Read more »
Luxury Villas in Sotogrande | from €422,000 | Click image for details
Despite experts predicting a slowdown in the property market – due to the mortgage tax fiasco – property sales and mortgage applications continued to grow during October.
A total of 43,536 residential properties were sold across Spain during the month, representing a rise of 15.8% on the same month last year, according to the governments Central Statistics Unit. Read more »
Stunning Beachfront Project in Estepona | Click Image for Details
There is no new housing bubble in Spain, says the International Monetary Fund (IMF), but precautions must be in place to prevent one from forming in the future.
Despite data from 2017 showing early signs of a ‘slight overvaluation’ in house prices, the IMF says ‘there is no clear evidence so far of a generalized house price overvaluation’ but the Bank of Spain must have a ‘comprehensive toolkit at its disposal’ should ‘misalignments emerge”. Read more »
Beachside Apartments near Sotogrande | from €224,000 | Click image for details
With an improving jobs market and increased demand for Spanish property, leading property valuation firm Tinsa predicts positive growth in 2019.
Basing its forecast on current market trends, such as a rise in the number of residential house sales, increased mortgage figures and approved building licences, Tinsa forecasts Spanish property prices to grow between 5% and 7% next year. Read more »