THE average percentage of household income needed to buy a home in Spain rose to 23.1% during the second quarter of 2024 according to a study from the idealista property portal. The percentage is either higher for rentals, 35.7%, as a shortage of properties and rising prices has pushed up rents by 4% over the last 12 months. Francisco Iñareta …
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NEXT month’s anticipated interest cut by the European Central Bank is contributing to significant falls in the Euribor- the main benchmark index for mortgages in Spain. August’s Euribor rate is almost a percentage point down on a year ago, standing so far this month at 3.18% compared to 4.073%. Last September, it peaked with a monthly average of 4.149%. The …
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THE most expensive and cheapest coastal resorts for buying a home in Spain have been revealed. The analysis has been carried out by popular property portal pisos.com. According to the most recent data, the most expensive area by the sea on mainland Spain is Marbella. House hunters looking for a 90sqm home in the Costa del Sol city will pay …
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A TRADITIONAL Ibiza house dating back 500-years and which was totally redesigned has been for put for sale with a €10.8 million price tag. The historic property is located in Sant Mateu and has been named Finca Mateo covering 487 m2 on a large plot of land. The house combines ‘historic charm with luxury comfort’, according to Tim Stacey, sales …
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THERE’S been a noted increase in the last two years of Polish people buying properties in Spain with Poles accounting for 3% of the share of foreign buyers. In 2021, the share stood at 1.9%. One reason appears to be a consequence of the Ukraine war and fears among some Poles that Russia might try to invade their country, like …
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VERSACE has been revealed as the latest fashion brand to join the booming luxury real estate market in Spain. The Italian fashion house has signed a deal with RGZ Developers to furnish and put its name to at least eight villas in the hills of Nueva Andalucia. It joins several other luxury brands who have put their name to ‘designer …
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