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.
The growing number of business startups up in the Spanish property sector bodes well for the market, if the past is anything to go by.
Of the close to 95,000 new business startups last year – the highest level since the final boom year of 2008 – the biggest increase came from the property sales and development sector, reveal the latest statistics from the College of Registrars.
As a result, real estate sales and development companies rose from 7.1% to 7.9% of all businesses, increasing by 11% in 2015, whilst agriculture and industry operations declined in relative size.
At the same time, the number of businesses (all sectors) going to the wall fell last year for the second year running.
The relative changes in the fabric of the economy tell us something about where wealth is being created in Spain. Real estate wealth creation is back on the rise as the sector expands, these figures suggest. However, we are still a long way from the unhealthy situation in the boom years, when construction and housing made up 18.5% of Spanish GDP, almost double the European average.
Looking back at the boom years helps to illustrate how data from the mercantile register can be a leading indicator for the housing market. Figures now showing a double-digit growth in the Spanish property industry, were flashing red back in 2005, two years before house prices began to fall, and the bust began in earnest. This time around they might be a sign of better times to come.
Everything you need to know about property in Spain
Login or Register to read articles without any adverts in the text.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.