The Outlook for Housing Market.

The Outlook for Housing Market.

Housing Market

The outlook for Spain’s housing market Facts shows that the majority of people in Spain own homes by up to 80% in ownership. Real estate in Spain has grown over the years with the government backing it up.

Real Estate Immo

the ultimate guide when it comes to investing in the housing market. Real estate Calpe Spain provides houses for both vacation and long term homes. Real estate in Benidorm will awaken your dream of owning an Altea Villa. Whether one is investing in Calpe real estate, Finestrat real estate, Benidorm real estate or any other on the coast of Costa Blanca, you are sure to find the best house that matches your vision.

Spain’s trend

Recent Real estate in Spain’s trend According to TINSA, Spain’s housing market is taking an upward trend with sales expected to increase from about 500,000 units in 2018 to between 625,000 and 650,000 this year. Spain real estate Calpe and the Benidorm Spain Real Estate house prices are projected to rise by between 5% and 7% this year.

Organizations like Real estate Immo currently offers the best prices in the market. Real estate in Benidorm has great apartments located in the first line of Levante beach. What to know when buying a house in Spain real estate Calpe The following purchase costs apply in addition to the asking price:

• Land registry and notary of 1 to 2%

• A 2% stamp duty on the new property

• Solicit/Legal fees which are €1,000 to €1,500 + IVA (VAT)

• 10% IVA (VAT) on a new property or 8% ITP on re-sales

• Mortgage and set-up fees (including stamp duty) are about 1 to 2%

The purchase fees differ at the Benidorm Spain Real Estate market depending on whether it is a mortgage, the type of property, and location. One should, however, be ready to pay approximately, 15% for new property and 13% for re-sale in addition to the asking price.

Schedule for reservation, deposit, and payment Real estate Calpe Spain properties can be reserved with a deposit of €5,000, which is payable with a credit/debit card or electronic bank transfer.

Removing the property from the market happens after this payment. Most of the times you will be required to add a second deposit in order to make a 10% deposit of the total amount required. Here is an example:

• When a property’s price is €100,000 the total deposit required is 10% hence €10,000.

• If the first deposit on the reservation is €2,500, the second deposit will be €7,500 which is paid 28 days later. Sometimes completion can be within or close to 28days.

When this is the case, one can negotiate to avoid paying the second deposit and otherwise pay the remaining balance on completion. Conclusion The above figures have gotten better from year to year. Calpe real estate, Finestrat real estate and Benidorm real estate charts show the evidence of these facts. No doubt that Spain is once again drawing real estate investors. Investing in your dream home in Spain today is a win for everyone.

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