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Property news from the blog
With the start of a new month comes a new report on Spanish residential property prices by the reputable valuations firm Tinsa. This time round, data suggests house prices in Spain in February 2020 were an average of 2.4% higher than during the same period last year.
For those readers keen to keep abreast of the latest house pricing trends, today’s post is the first Spanish property market update of the year and looks at the value of Spanish property in January 2020.
First of all, Happy New Year from myself and everyone here at VIVA! After the indulgences of this Christmas period, it’s time to get back to business and start off the new year on the blog with some interesting real estate news. And interesting it is, too – especially if you already own a home here – because the price of property in Spain went up by an average of 3.6% in 2019, according to valuations firm Tinsa.
As we trundle into the last seven weeks of 2019, analysts and statistics agencies in Spain are preparing their fourth quarter and year-as-a-whole predictions for property purchases in relation to each Autonomous Community as well as on a national level. The results of said studies forecast Andalucian property sales in 2019 to top 100,000 for the second consecutive year.
OK, so you’ve decided you want to move abroad. You’ve decided you want to live in Spain due to the climate, affordable cost of living and ease of moving there from your home country. You’ve even narrowed it down to Spain’s south coast. Now the only question marks remaining are where to lay down your roots: on the coast or inland?
When it comes to buying a property in Spain, it goes without saying that, financially, if you fail to prepare then you should be prepared to fail. In the VIVA blog I’ve made it my mission to explain as many of these as possible to give you a well-rounded view of the legal, financial and bureaucratic implications of your Spanish home purchase, as well as important changes to legislation. And today is no different, as I talk about Spanish mortgage concession in the current market and what you should expect to have saved as a deposit.