In 2021 there will be some catching up for buying a house in Spain. In 2016, Mark Spain announced independence from his prior brokerage and formed Mark Spain Real Estate. Like all of us, the Spanish real estate sector has experienced a turbulent year in 2020. You can always find those pages under “RE Price trends” at the bottom of the “Resources” section of the Menu. Key features of the Retail sector in Spain. METRE in the third quarter of 2020 from 1610.10 EUR/SQ. We hope our article helped you, share it with you friend in the links below. The solvency of home buyers is much better. Also suitable as a (...)€ 650.000, Combideal, built on no less than 4 adjacent plots, just 2 kilometres from popular Moraira. Barcelona Office MarketView Q4 2018. view marketview . It is especially advisable to reach one that speaks Spanish and English, as you really want to understand what is written on the contract. Although Spanish economic growth is still above the European average, this will not cause extreme price increases in the Spanish housing market. Before the coronavirus rattled the Spanish economy, Spain’s property market was in high demand. The Spanish Government predicts a 7.2% rebound of GDP next year following a fall of 11.2% in 2020 due to the pandemic global crisis, in line with the Bank of Spain projected growth of 5% in 2021 and 4% in 2022. Nevertheless, neither city may not be your best alternative: Take, for example, Barcelona. Will that trend still be true during 2020? Spain Homes offers a wide variety of real estate in Málaga, Andalucia including apartments, houses, shops and land. Studies show that Britons were the top buyers of Spanish property across December 2019 and January 2020.. Even though, Hundreds and hundreds of flats have been built during the past 3 years, leading to the creation of new blocks, residential areas, and shops. For many foreigners, it is a popular destination due to its Mediterranean climate and thriving expat community. The expected price increase in these areas is around 2.3% for the year 2021. And two of them are the one who sets the rule of the game: the government, and the ones that define how profitable your investment will be: Hence, foreign investors will need to be up to date with what the Spanish Ministry of Economy does and strategize afterwards. Therefore, Spanish real estate prices are only back to their level of 2004. A fall in prices can be expected for existing homes in the areas where mainly Spanish buyers can be found. But the intention to reduce public debt may come in the form of implementing additional taxes to banks (which could make mortgage rates go up); or playing with interest rates. Then, obtaining a decent return on invesment is complicated. Worried about investing in Spain after Brexit? Additionally, the company now serves four cities including Atlanta, Charlotte, Raleigh and Nashville with nine offices. There are different tax implications when you are buying, selling and owning a property, depending on whether you are a resident or non resident in Spain. I want to sign up to the newsletter! Restaurants may also re-open for deliveries and take-away. Find properties for sale in Spain by using the filters on the left side to refine your search. In addition, the financing costs are low. Due to european coronavirus funds this increase could even be higher with more than 25 billion euros initially injected in the Spanish economy, rising GDP to 9.8% in 2021. Chances are that yes. As a result, money has been saved and homebuyers have more resources. The Spanish Real Estate Market in 2021 . But will the favorable conditions of the sector be the same during the next year? How and where to buy property in Spain in 2020? 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