News about Property

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Requirements to receive the Spanish 250-euro youth rental bonus

The Nomad Today 1/13/22

The new rental subsidy for young people aged 18-35 will be approved by the government on 18 January, but will apply retroactively from 1 January 2022

FILED - 26 December 2021, Spain, Malaga: A couple takes a selfie while kissing at the street in Malaga on a Christmas Sunday. Photo: Álex Zea/EUROPA PRESS/dpa.

HOUSING

Spanish Government delays implementation of youth rental subsidy

The Nomad Today 1/7/22

The 250-euro rental subsidy for young people under 35 years of age should have come into effect on 1 January

Facades of buildings in Madrid. Photo: Pixabay.

PROPERTY

Basic need vs investment: Why home sales in Spain are growing so fast

The Nomad Today 12/15/21

According to the latest data published by the Spanish statistical office (INE), in October 46,242 homes were sold in Spain, which is 22% more year-on-year

A general view of apartments overlooking the river in Girona, Catalonia. Photo: Pixabay.

PROPERTY

Home prices in Spain record their biggest rise since 2019

The Nomad Today 12/10/21

The most recent evolution shows how recently the real estate market has been reinvigorated

A woman walks with a child through the center of Barcelona. Photo: Pixabay.

PROPERTY

Home mortgage signing soars in Spain and sets 10-year record

The Nomad Today 11/30/21

The autonomous regions that registered the highest number of home mortgages signed in September were Andalusia, Madrid, Catalonia

Building facade with balconies in Madrid. Photo: Pixabay.

PROPERTY

Mortgages with the lowest interest rates in Spain

The Nomad Today 11/25/21

According to the Central Bank of Spain, the average price of mortgage loans was 1.57% APR in September, its second lowest value ever

PROPERTY

Requirements, documents requested by Spanish banks to grant a mortgage

The Nomad Today 11/19/21

The bank will want to know the income and fixed expenses of the home buyer before answering whether or not to grant a mortgage

The Minister of Transport, Mobility and Urban Agenda, Raquel Sánchez, at a press conference at the end of the meeting of the Council of Ministers. Photo: La Moncloa.

HOUSING

Spain promotes youth insurance for non-payment of rent

The Nomad Today 11/15/21

The Minister of Transport, Mobility and Urban Agenda Raquel Sánchez announced on Monday the creation of a non-payment insurance for young people

A small fishing village in Mallorca. Photo: Pixabay.

PROPERTY IN SPAIN

Home sales grow 41%, register highest September figure in 14 years

The Nomad Today 11/15/21

The number of sales of new homes increased by 30.1% compared to September 2020 and that of used homes by 43.6%

A view of Port de Soller, in Mallorca. Photo: Pixabay.

DUE TO BREXIT

Germans outnumber Brits as main foreign home buyers in Spain

The Nomad Today 11/11/21

The average house price in Spain was € 1,843/m² in the third quarter, an increase of 2% compared to the previous quarter

Facades of buildings seen from the Plaza Mayor in Madrid. Photo: Unsplash.

PROPERTY IN SPAIN

Changes to municipal Plusvalia tax approved by Spanish government

The Nomad Today 11/8/21

The Ministry of Finance presents the reform of the method for calculating capital gains tax on sales and property transfers. The new regulation establishes two calculation methods and taxpayers will…