News

Spain strengthens tenants' rights in rental market

16 July 2018
Home-building, buoyed by foreign investment, is thriving in Spain 10 years after a property bubble burst, and the new Socialist government is now looking to rein in some areas of the market. Spain is introducing a series of measures to strengthen legal protection for people who rent their homes, and temper rising prices in bigger cities, Development Minister Jose Luis Abalos said on Thursday. Home-building, buoyed by foreign investment, is thriving in Spain 10 years after a property bubble burst, and the new Socialist government is now looking to rein in some areas of the market. "We need to make sure the housing stock is mainly allocated to satisfying the right to housing, safeguarding its social function," Abalos told a parliamentary commission. Buyers of rented properties will have to respect the terms of existing tenants' contracts, impeding a post-crisis phenomenon whereby cash-strapped local authorities sold social housing to private equity firms that subsequently raised rents. Abalos also proposed regulatory and fiscal measures to encourage owners of empty properties to let them. Over the next 4-6 years, 20,000 affordable homes for rent will be built, Abalos said, adding to a supply which currently makes up for just 2.5 percent of Spanish housing stock, according to the OECD. This compares with 14 percent in France and 18 percent in Britain. Curbs will be placed on deposits or other guarantees that landlords can demand from tenants, and the government will aim to ease access to credit to help people rent. Abalos said he wanted to "balance the rights of landlords and tenants as much as possible".
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Spain's property market just recovered to pre-crisis levels

06 July 2018
Spain's real-estate market, hit hard when a bubble burst in 2008, has recovered transaction levels last seen before the economic crisis even if property prices still remain lower, official figures showed Monday. Boosted by strong economic growth, close to 465,000 property sales or purchases were recorded in 2017, "the highest annual figure since 2008," a report by Spain's national property register showed.
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How to get the best out of building surveys and valuations in Spain

04 July 2018
Extracts and Additions from a presentation at a Real Estate Seminar for Estate Agents, Organised in Marbella by My Lawyer in Spain and Survey Spain Network of Chartered Surveyors.
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Foreign demand for property in the Valencian Community, home to the Costa Blanca

04 July 2018
How many foreigners bought property in the Valencian region in the first quarter of the year (the most recent data period)? What percentage of the market were they? Which provinces did they choose? What kind of homes did they buy? And how much did they spend? The following charts and tables give you the key numbers regards foreign demand for property in the Valencian Community in Q1 2018.
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Marbella Beach Life

04 July 2018
When you live in Marbella, the expression “life’s a beach” has a very real meaning. The coastline is fringed by beaches, from the extraordinary sands of Cabopino and the Artola dunes to the restaurant-lined shores of San Pedro Alcántara. Every beach has its own faithful devotees, who return year in, year out, drawn by particular attractions, whether it is a specific chiringuito beach bar or the fact that water sports are available.
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Spain Enjoying Record Tourism, Foreign Buyer Activity

04 July 2018
It's turning out that 2017 is becoming a very good year for Spain's property market, as JLL is now forecasting this year will be the eighth consecutive year of foreign buyer property growth.
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Home building business recovers faster in Alicante than Valencia

20 April 2018
Alicante doesn’t beat Valencia very often when it comes to big economic figures, but there’s one activity where it does win against its northern neighbour: the property sector. Construction in Alicante is recovering at a faster rate than in Valencia.
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The history of English tourism on the Costa Blanca

08 March 2018
The Costa Blanca, the eastern seaboard of Spain has around 115 miles of soft, sandy beaches against a backdrop of crystal blue skies, and warm, tempting Mediterranean!
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