OPINION: The housing market along Spain’s coast, particularly in areas like Marbella, operates on principles that defy local economics. Recent Eurostat data shows Spanish household incomes grew 11% between 2004 and 2024. Property prices in the same period increased much faster. This gap highlights a serious affordability issue. Local income data is irrelevant to price movement here. The average Spanish salary cannot purchase a home […]
The Bank of Spain is considering imposing strict limits on high-risk mortgages to pre-empt a housing market imbalance. The review centres on mortgages with high loan-to-value ratios (LTV), extended durations, large debt relative to borrower income, or elevated interest burdens, according to El País. What the regulation would cover The review by the Banco de España involves: Limits on the ratio of loan amount to […]
Swedish buyers are an important segment of the Spanish real estate market, particularly in sought-after coastal areas like Marbella & the Costa del Sol. However, key differences between the Swedish and Spanish property markets can create misunderstandings and challenges. Understanding these differences can help agents better serve Swedish clients and manage their expectations. Swedish Buyers Expect High Transparency The Swedish real estate market is highly […]
In this analysis, we delve into the dynamics of the Costa del Sol property market from an investment perspective. In this top 10, we cover the paramount role of location to the adaptability of property usage, we explore the fundamental principles that underpin a prudent and profitable investment strategy. Location is key: The property’s location is crucial for a good investment. You want to buy […]
This interview with Marc Elliott de Lama, Owner of Fluent Finance Abroad, discusses the concept of Agreement In Principle (AIP) in Spain. AIP is offered by banks in the UK as a piece of paper that is not worth much but gives assurance that the customer will get a mortgage based on the information provided. In Spain, there is a similar concept called “simulacion,” but […]