On the last article I did explained the different regulations which emanated from the many Spanish regional communities on the minimum standards accepted for a minimum size house and how we still use in some regions a law from 1944 such as the Murcia region.
When we face the purchase or sale of a home we always have the same doubt: is it expensive or cheap? How do I calculate it? It does not matter if you are the owner, the buyer, the landlord or the possible tenant, everyone doubts about what would be the appropriate price of a house for sale or rent.
The recovery of the Spanish economy, competitive mortgages and an investing appetite to put product in the rental market are the causes of growth in the real estate sector. The data for the end of 2016 and the first months of 2017 encourage us to be reasonably optimistic.
We architects are the first one to feel the crunch and the first ones to appreciate any improvements in the building industry. I am glad to say that this time we are appreciating an advance in the construction business.
The price of housing grew by 4.7% in 2016 and adds three consecutive years to the rise, according to data published Wednesday by INE. The most pronounced price increases were in the communities of Madrid (+ 8.6%), Catalonia (+ 7%) and the Balearic Islands (+ 6.2%). I believe that there is no bubble, but a price recovery after the 'brick bubble' punctured in 2007. The lack of new housing supply and the scarcity of land are the two major concerns in the sector in the face of future increases in...
Many clients do ask me about the cost of construction and being an architect it is a forthcoming question, nonetheless every now and again I do get ask for other costs associated to the actual purchase of a home, in which case I have done a little research and here are the results.
Although I have been blowing my own trumpets since a year ago writing about the end of recession for the real estate market, a new BBVA bank report has officially declare that 2017 will be the definitive recovery for the real estate market.
Every day more than a thousand houses are sold in Spain and about 20% of those properties are bought/sold by an expat. Once signed the contract of sale is exactly when doubts assail both those who have sold their home and those who have made the purchase. "Have I sold too cheap?" "Have I bought for too much?" Should I have raised the price a little more?" Should I have asked for a bigger discount?