Catalonia introduces holiday rental licences for landlords
Making a bit on the side with holiday rentals won’t be so easy in future for property owners in Catalonia. Following in the footsteps of The Balearics, the government of Catalonia has passed a decree making tourist rental licences obligatory for landlords.
Banks facing up to lower property prices
Spanish banks are facing the fact they will have to price more aggressively to sell, according to some reports
Rental prices up 1.1pc in October
Rents are going up at half the level of inflation, leaving landlords out of pocket in real terms.
House sales up 13pc in Q3 according to Property Registry
No cause for panic, the bottom hasn’t fallen out of the housing market; that’s the message from the latest figures from the property registrars.
Example 50pc discount on the coast
Here you have an example of a 50pc discount on the coast. Altamira, the real estate company of Santander bank, is offering 3-bed semis of 156m2 in Vera, Almeria, for €82,400, down from €164,800, that’s 50pc. They probably come with easy financing too: Assume around 80pc over 25 years and you are looking at less [...]
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