Transfer Tax in Andalucía Reduced to 7%!
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
The Outlook for 2021
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
Foreign Real Estate Demand Looks to Grow 20% During 2021
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
What is Wrong with Prices of Buildable Plots?
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
Spain and the Brick and Mortar Business
In Spain, people have experienced the end of the last real estate driven crises first hand: foreclosures, unemployment, moving back in with their parents, squatting and lifelong debt - the mortgage terms have been extended to up to 40 years
Crisis? Better Times Ahead!!
For the ancient Greeks, “crisis” not only meant the end of something, but also the reorientation of the actors and a new beginning. The Austrian economist Joseph Schumpeter emphasized the creative aspect of crises in his concept of “creative destruction”. Economic
Summary 2020
Wow, what a year! Nobody would have expected this ending of a misfortunate 2020. The long expected vaccine arrived - developed in record time - and the first people were inoculated in Europe, with Great Britain at the helm of it.
The New Real Estate Market in Spain
Covid is the game changer and reduces prices less than expected The pandemic is in its second or even third wave. The consequences for the real estate industry are like a tsunami. No visits to sites, empty realtor offices, but, high demand