The lockdown in Spain is taking one of Europe’s older-fashioned property markets into the 21st century, with estate agents rushing to offer virtual visits and notaries lobbying to legalise e-signatures to offset a near-total halt of business. In the latest episode of Spain’s real estate rollercoaster 99 per cent of transactions have stopped during the… Read more »
Posts By: Private Property
Sensational Luxury Villa in Reserva de Alcuzcuz, Benahavis Home prices in Spain, remained strong even though sales slowed down amid the Covid-19 pandemic, according to a report. Across the country, the average home price (measured in price per square metre) rose 3.2% year-over-year in March. Compared to February, it was up 0.3%, according to… Read more »
Spanish Prime Minister announces possible suspensions in mortgage repayments due to the Coronavirus outbreak. Current emergency measures due to the virus have seen the closure of thousands of businesses across Spain, leaving many owners and the self-employed in financial difficulty.
The Spanish and Portuguese real estate cycle will be much longer than the traditional 12-years and despite a generalised slowdown, Spanish property markets will keep on rising, predicts Ignacio de la Torre, Chief Economist at Spanish investment bank Arcano.
Spain breaks tourism record for 7th consecutive year, welcoming the highest EVER number of tourists.