buy home in Spain 2023 On our platform, you will find the very latest property deals in all popular locations in Spain.
Listing an exclusive collection of seaside apartments, villas and townhouses, investment properties, including hotels, restaurants and retail options, Spain-Real Estate makes the process of selecting and buying a property in Spain simple and smooth regardless of whether you are searching for a buy-to-live or buy-to-rent option and buy home in Spain 2023.
buy home in Spain 2023
PROPERTY FOR SALE IN SPAIN: POPULAR REGIONS
The cities with the highest property sales in Spain are Barcelona and Madrid. They have been heading the list of the most popular destinations among property buyers for a long time.
Property prices in these cities are reaching their limits.
If you are looking for a holiday home, then the coastal areas like Alicante and Malaga will be a perfect option for you.
These regions along with the Canary Islands attract thousands of Norwegian, French and British property investors and Holiday makers.
The trends characteristic of the entire Spanish real estate market is also relevant for Madrid. From January to September 2022, the city attracted 207% more investment in real estate than in the same period a year earlier.
The total amount of investments in real estate in Spain amounted to 10.8 billion euros for the first three quarters of 2022. Structurally, two-thirds of investments, that is 7.5 billion euros, fall on the office, warehouse and street retail sectors. Another 3.3 billion euros fall on the residential segment, which includes real estate in apartment buildings, residential Centers for the elderly and student dormitories.
Investments in the office, warehouse and retail real estate sectors in Spain for the first nine months of 2022 increased by 80% compared to the same period in 2021. The segment of apartments and houses in Spain in terms of investments grew by 28%. Only student dormitories in the third quarter of 2022 attracted a record 850 million euros for Spain.
buy home in Spain 2023:AGENTS DON’T SHOW THE BEST OPTIONS
It is believed that real estate agencies in Spain intentionally hide good housing options from foreigners. This is wrong.
If you are shown housing that does not suit you, it is likely that you did not clearly explain to the agent what exactly you are looking for.
Realtors seek to satisfy the requests of different groups of potential buyers as much as possible. It is unprofitable for agents to hide offers from customers.
Experts carefully study the client’s requests and look for options that match the needs of a potential buyer.
Realtors take into account not only wishes for the type of housing, its area, and the number of rooms, but also for the location of the property, its remoteness from the center or sea, schools, kindergartens and so on.
BANK-OWNED PROPERTIES ARE THE MOST PROFITABLE TO BUY
Some buyers are sure that there are many profitable options at low prices among bank-owned properties. This is not entirely true.
Bank-owned properties are houses that have been seized due to unpaid property-secured mortgage or consumer loans. Good bank-owned properties are sold in a short time.
In most cases, foreclosed properties in the kingdom are inferior in terms of characteristics to other residential units in the country. Besides, bank-owned properties are often located not in the most attractive areas.
Despite the fact that the cost of such housing is usually about 30% lower, it is better for the buyer to think twice about whether it is worth buying the foreclosed housing. Moreover, you should keep in mind that luxury housing does not normally become bank-owned property, so it probably makes no sense to expect the opportunity to purchase an elite villa for peanuts.
Record growth is shown by sales of premises for warehouses and retail and buy home in Spain 2023.
In the third quarter of 2021, their combined volume amounted to 113% compared to the indicator of 2021.
According to JLL, this is 90% higher than the average total investment in this sector of the market for the first nine months over the past five years (2017-2021).
Most investors are international companies that have decided not to miss the opportunity to invest in a sector with such excellent dynamics.