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5 Places in Torrevieja I'd Never Buy Property
29.10.2024
While Torrevieja is rapidly developing and may seem somewhat atypical architecturally for Spain, it has its quirks. On the one hand, the poorly regulated urban development in the 1980s and 1990s led to haphazard construction by minor construction firms. These often used subpar materials and lacked any sort of guarantee. Cutting costs on architects also resulted in the creation of peculiar designs—often flashy but questionable in quality.
Price per Square Meter
29.10.2024
The most dubious criterion when choosing real estate in Spain. In fact, the price per square meter tells the buyer approximately nothing. The variation even within the same building can be up to 40%, and between houses of different construction periods in the same area, it can easily double. And comparing the price per square between different types of housing is completely pointless.
Rise in Real Estate Prices in Spain in 2022
29.10.2024
Let's start with some figures. Idealista, the largest real estate portal in Spain, Portugal, and Italy, publishes reports on the dynamics of real estate prices, based on data about property offerings across regions, cities, and even districts of major cities. The growth in real estate prices in Spain in August 2022 was 4% (compared to August 2021).
Squatters in Spain Seized My Apartment
29.10.2024
Any discussion about purchasing property in Spain inevitably leads to the problem of squatters: “Here’s a person who bought an apartment in Spain and barely had time to live in it before squatters rushed in, and there’s no controlling them. Everything’s lost. How unfortunate are those real estate owners in Spain by the sea, and in Europe in general, what a nightmare!”
Taxes When Buying
29.10.2024
Buying property in another country is always fraught with complexities. One of the most significant factors to consider when purchasing residential or commercial real estate in Spain is taxes. Understanding the details will help you plan your expenses and avoid unpleasant surprises.