The change in market trends confirms other changes observed in recent months, such as a slowdown in sales and moderation in price increases, which point to a new situation in the housing market. Oversupply ”Sellers have had very good years, and now they are finding it difficult to lower prices, which is why the market…
After several years in which the property market in the upscale areas has made Madrid and other parts of Spain the center of attention of the world’s richest, the pace is starting to change there, too. Negotiations are taking longer, deals are taking longer to close, and prices are starting to fall, which is becoming…
Housing prices are at their peak. There is no financial crisis in sight like in 2008, so we cannot expect a similar housing bubble, but something is happening. Of course, real estate agents will not admit that the housing market is not on a rational basis, because housing prices are completely overpriced. Demand for new…
When purchasing a home, it is worth considering the area’s infrastructure, which includes, among other things, the road network. Well-functioning infrastructure is the foundation for smooth everyday life and safety. How is the transport network organized? Sleeping suburbs We moved to a quiet area because we loved the house and believed that a beautiful and…
Sellers want to maximize the value of their homes. Homeowners paint their homes white to make them look less old or to hide mold, but in reality, the homes are old and in need of renovation or at least updating. New home prices are skyrocketing, and sellers want to drive up the prices of older…
The Spanish government is adept at inventing new fees related to buying and selling a home. Foreign property transactions are excellent cash cows, and new fees are introduced every year. Final architect approval The latest fee concerns the architect’s visit to the property being sold before the final sale. The purpose of the visit is…
Many parties revolve around housing transactions. ”Opportunity makes the thief”, this saying holds internationally, not only in Spain. ”The beginning of all wisdom is the recognition of facts”, as J.K. Paasikivi, the former President of Finland, taught the Finns shortly after the end of the Continuation War. Unprofessional staff I have written before that places…
In Spain, it is common for swimming pools and other detached buildings not to be registered, as this avoids the higher property tax, the IBI fee. Everything must be registered before the notary The failure to register buildings and swimming pools must be taken into account at the latest when the property is being sold….
In my previous article, I concluded that neither agent M nor consulting firm X was on social media or the internet. Eventually, both were found, but under different names. X Consulting firm finally drew up an arras agreement after a week of tinkering with it. When the buyers were supposed to sign it, they suddenly…
An agent, whom the owners of the apartment for sale had met years ago, unexpectedly contacted them and announced that he had clients interested in the apartment. The apartment owners have never had a written agreement with the agent, as the last time they met, they were looking for an apartment for themselves, not for…