Houses in Spain

Houses in Spain

Houses in Spain are in high demand by foreign buyers. With the growth of the market, the construction sector that literally "was frozen" during the crisis, has begun to revive and develop actively. The new build houses in Spain, are being constructed in accordance with the latest standards of quality, sustainability and thermal and energy efficiency. Of course, the price of new build houses in Spain is quite high, but their quality and comfort justify every cent invested. The new build houses in Spain, are chosen by those who value comfort and care about the future.

Sale of houses in Spain

The sale of houses in Spain, as well as the sale of homes in general, continues to grow, although not as quickly as before. Experts agree that this is a good sign: there is no longer the danger of a real estate bubble, and their situation is gradually stabilizing. According to the latest data from the National Institute of Statistics of Spain (INE), in the first quarter of 2019, the number of property transfers in the country increased by 3.7% compared to last year (133,989 transactions).

Prices of homes in Spain

The sale prices of houses in Spain, continue to grow due to: the active recovery of the economy and the real estate market, and the growing demand from local and foreign buyers. According to the Ministry of Development of the country, the sale prices of houses in Spain for the first quarter of 2019, increased by 4.4% in annual terms, remaining at € 1,636 per square meter on average. As for the price of houses in Spain, in May 2019, the average price of houses in Spain was € 2,185 per square meter. The three-bedroom houses cost on average € 1,999 per m2, four-bedroom € 2,021, five-bedroom – € 2191, six-bedroom or more – € 2,313€.

How to buy a cheap house in Spain

How to buy a cheap house in Spain? Pay attention: you can buy a house in Spain from € 30,000! Of course, it will be a fairly modest option with its drawbacks, but in Spain the offer of houses is so wide, that everyone will find for themselves what is best for them. From € 50,000, you can buy a house in Spain quite good and completely suitable for living.

Where should I buy a house in Spain?

Where should I buy a house in Spain? The answer depends to a large extent on the purpose of buying a house in Spain: as a holiday home, for permanent residence, or to obtain a rental benefit. Although in the first two cases, the answer depends more on the personal preferences, requirements and budget of the buyer, in the latter case, they should study the market well and choose the most profitable option. Of course, most of the investment in housing in Spain falls on the larger cities, such as Barcelona and Madrid, and its surroundings. However, in terms of profitability, some coastal regions began to attain them: many foreign investors decide to buy a beach house in Spain, to rent it and get good profits. The average housing profitability in Spain is 5.4%. The highest positions, in terms of profitability, are occupied by Catalonia, the Valencian Community, Murcia and Madrid: 5.8%, 5.7%, 5.6% and 5.5% respectively. It should be noted that many cities on the Costa Blanca show high rates of profitability, such as Torrevieja (5.7%) and Santa Pola (5.6%). In Alicante and El Campello, the housing profitability is 5.2%, in Elche – 5.1%, in Benidorm – 5%. At the same time, the average prices of houses in Spain, in the Valencian Community, are much lower than, for example, in Catalonia or Madrid. Thus, according to data from May 2019, the average price of a house in Catalonia was € 2,359 per square meter, in Madrid € 2,462, and in the Valencia Community € 1,924. The average price of a house in Spain, in the province of Barcelona, was € 2528 per square meter, in the city of Barcelona – € 5269, in the province of Alicante – € 1930. The average price of houses in Spain, in Alicante city, is € 1562, the houses in Spain, in Torrevieja, are worth € 1896 per square meter, in Santa Pola – € 1566, in Elche – € 1158, and in Benidorm – € 2305.