Insight into the Spanish property market, guides to help you make informed decisions, and a directory of real estate professionals and home service providers from a source you can trust.
This is a website for buyers, owners, and sellers of property in Spain, offering reliable information and resources to help you get things done with confidence. It is run by Mark Stücklin, author of the Spanish Property Doctor Column in The Sunday Times (2005-2008), and the book ‘Need to Know: Buying Property in Spain’ published by Collins.
When you buy or sell property in Spain the sums of money are large, perhaps one of the biggest financial decisions of your life. The high transaction costs you will face like taxes and commissions only make the decision more important to get right. And when you own property in Spain you face a host of extra challenges to manage, and costs to control. Unfortunately, the Spanish property market is opaque and full of pitfalls, and notoriously unprofessional. Buying and selling property in Spain is not a decision to be taken lightly, and you may find it much easier to buy than sell if you don’t take care. In this market it is crucial to do your own research, and don’t rely exclusively on people who are trying to sell you something – let’s just say they might not have your best interests at heart. Spanish Property Insight is the only independent source of information and analysis of the Spanish property market. Don’t even think about buying or selling property in Spain without subscribing to Spanish Property Insight.
Demand for property in Spain is still depressed by normal standards, whilst the overall housing stock continues to grow..
The overall number of homes in Spain grew last year by a fraction (0.2%) to 25.5 million, according to official stats from the Government, whilst the glut of new homes on the market fell by just 5% last year.
The overall number of homes for sale including new and resales now stands at 1.72 million, according to reports in the Spanish press. Who is going to buy all these homes?
The improving economy and employment figures have raised expectations of growing demand from Spanish families with more money in their pockets, but the latest figures from the CIS – Spain’s official survey body – appears to pour cold water on that idea: 95.8% of Spanish adults have no intention of buying a property in 2016, reveals the latest survey by the CIS.
Is that a lot or a little? Under normal circumstances the vast majority of adults in developed economies are not planning to buy a home in the coming year, as they either already have a home, rent, or can’t afford to buy. So it depends how this figure compares to other countries in a more normal stage of the property cycle.
A quick internet search did not unearth any comparable figures, and as I am on holiday in Tarifa (Cadiz province, Andalusia), and the beach beckons, I don’t have time to dig any deeper. A question, then, for another day.
Everything you need to know about property in Spain
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