Category: Economy

The property market on the Costa Blanca after the coronavirus

How will the property market on the Costa Blanca be affected after the coronavirus?

In these difficult times, many of our clients ask us how the coronavirus will affect the property market on the Costa Blanca in 2020-2021.

Although there are more urgent problems such as people’s health and the terrible number of daily deaths from Coronavirus worldwide, people cling to something positive and continue to dream of buying a property on the Costa Blanca.

Finally good news, the Spanish Prime Minister announced that from next July 1, 2020, international buyers and tourists will be allowed access to Spain with all security measures.

The initial economic impact this coronavirus is having is important for most of our real estate and tourism sector and the relationship with how the pandemic will affect the real estate market and house prices in the north of the Costa Blanca / Marina Alta .

When talking to other real estate agents and following the different economic reports published about our sector every day, all experts agree that the prices of newly built homes are not going to rush down in coastal areas, the current proportion of homes New construction is below demand.

The current supply of plots is scarce and we do not have a large stock of newly built homes, the product that is under construction corresponds to the 2020-2021 plans and the builders have started to send us the information of the promotions for 2021. 2022.

All the builders continued with the planned works, they only stopped working two weeks by order of the government.

Of course, we are currently selling fewer houses because customers cannot come … but this will not translate into a drop or a rise in prices, perhaps second-hand homes that are over 25 – 30 years old are going to go down and only in certain areas, there will be no global drop in prices unlike what happened in 2008.

The prices of all the new constructions we have remain the same as before the pandemic … and are not expected to increase … all the constructors have kept their prices …

I hope this explanation is useful to you, we always talk with reliable data and information …

Properties for Golden Visa Spain

Properties for Golden Visa Spain

Properties for Golden Visa in Spain

Since September 27, 2013, non-EU citizens also have the opportunity to apply for a residence permit in Spain, with which they can move freely in 27 countries of the Schengen area. To do this, they must invest at least 500,000 euros of capital in properties in Spain.

Amounts exceeding EUR 500,000 can be guaranteed through guarantees. The residence permit is also valid for the spouse and minor children, as well as for the parents of the investor.

How does Holidaydream Homes Costa Blanca help you?

Holidaydream Homes Costa Blanca Real Estate sells luxury real estate throughout the Costa Blanca in Moraira, Benissa, Dénia, Jávea, Calpe, Altea, Benidorm, Polop, Finestrat and surroundings.

We advise our clients on:

What real estate investment? – We will look for you and advise you in the process using our knowledge of the area and the best properties for you.

Application process: We collaborate with specialist lawyers during the complete application process for your Spanish gold VISA, while you obtain a Spanish tax number, open a bank account in Spain, transfer funds and others. Everything you will need to complete the purchase process and meet all the needs to request the GOLDEN VISA.

After-sales services: We provide continuous service or help you find reliable suppliers for the services you need.

Holidaydream Homes Costa Blanca, the trusted real estate agency for the purchase of luxury real estate in Spain.
Please feel free to contact us without any obligation.

We are eager to help you write your new chapter in Spain!

What is a Golden Visa in Spain?

Golden Visa Spain

Golden Visa Spain

What is a Golden Visa in Spain?

In Spain, a Gold Visa is a permanent residence visa that is issued to people who invest in the country.

Freedom of movement, tax advantages and access to the EU single market, the legal system and social services are some of the main incentives for the programs of the EU member states.

How can you benefit from it as a real estate investor in Spain?

The most common method to obtain a golden visa is through the purchase of real estate with a minimum value that, in Spain, is set at € 500,000.

Although it can also be obtained by investing in financial assets such as:

  • Spanish public debt (€ 2 million).
  • Shares or participations of companies with Spanish capital (€ 1 million).
  • Investment funds, closed investment funds or venture capital funds established in Spain (1 million euros).
  • Bank deposits in Spanish financial institutions (€ 1 million)

What relatives of the investor can get the Golden Visa?

  • Spouse or common-law partner.
  • Minor children or those who are older but depend economically on the visa applicant.
  • Family members in charge of the investor

No additional investment is required for each family member, you just have to prove that the investor has financial resources and health insurance to cover the family.

how can we help you?

In our Holidaydream real estate, we have villas for sale of more than € 500,000 in Moraira, Benissa, Dénia, Jávea, Calpe, Altea, Benidorm, Polop, Finestrat and surroundings … and we put at your disposal our team of expert lawyers in real estate and urban law, legal advisors and experts in Spanish taxes, who speak their language, specialized in management and legal consulting, aimed at residents, non-residents and international investors.

Please feel free to contact us without any obligation.

We are eager to help you write your new chapter in Spain!

The average price of newly built housing increased 3.8% in the third quarter of 2019

The average price of newly built housing increased 3.8% in the third quarter of 2019

Source: Real Estate and Construction Observatory

The average price of newly built housing increased 3.8% in the third quarter of 2019

The average price of newly built housing increased 3.8% in the third quarter of 2019

The average price of newly built housing in Spain, both new and used, has increased by 3.8% year-on-year in the third quarter of the year, according to the provisional data from the Tinsa IMIE Local Markets statistics.

At the national level, housing chains its 12th consecutive quarter of higher prices, which puts the average rise at 14.2% since it hit its low in the crisis. Regarding the maximum values of 2007, housing accumulates an average fall of 33.3% in Spain.

By Autonomous Communities, it is worth mentioning Navarra for being the only one that rose more than 5% year-on-year in the third quarter. It is followed by Aragón with an increase of 4%, and the Basque Country and Valencia, both with 3.9%.

Purchases of property by foreigners increase in the second quarter of 2019

Purchases of property by foreigners increase in the second quarter and exceed 16,000 units sold

SOURCE: Real Estate and Construction Observatory

Purchases of property by foreigners increase in the second quarter and exceed 16,000 units sold

Purchases of property by foreigners increase in the second quarter and exceed 16,000 units sold

Purchases by foreigners accounted for 12.5% ​​of the total sales in the second quarter, compared to 12.3% recorded in the previous quarter. This percentage in units sold represents more than 16,000 purchases, figures close to the maximum in recent years, according to the Real Estate Registry Statistics.

Regarding the last twelve months, foreign demand has symbolized 12.4%, which confirms it as “a very favorable factor in the dynamics of the residential real estate market in Spain”.

By nationalities, in relative terms, the British continue to lead with 13.31% of foreign purchases. However, this data is the lowest in the historical series and thus represents the progressive decline in British demand in the Spanish residential market. In absolute terms, they made 2,140 purchases in the second quarter compared to 2,200 in the previous one.

The second position is occupied by French with 7.62% of purchases by foreigners, while in the first quarter it was 7.56%. In absolute terms they have registered 1,225 home purchases in the second quarter of the year, slightly above the 1,200 in the first quarter.

Third, there are Germans with 7.30% of purchases by foreigners, above 6.89% in the previous quarter, with 1,174 home purchases.

After these first three nationalities are Moroccans with 6.48%, Romanians with 6.09%, Belgians with 5.89%, Italians with 5.29% and Swedes with 4.46%.

By autonomous communities, purchases of foreigners maintain the leadership in the Balearic and Canary Islands, where foreigners buy 27.49% and 26.57%, respectively.

On the other hand, the provincial results ratify the leadership of Alicante, with a 41.81% purchase of housing by foreigners. It is followed by Tenerife with 28.91% and Malaga with 27.9%.

Annual evolution of housing prices second quarter of 2018

Annual evolution of housing prices second quarter of 2018

Annual evolution of housing prices second quarter of 2018

Source: National Institute of Statistics (INE)

The annual variation of the Housing Price Index (IPV) in the second quarter of 2018 increases six tenths and stands at 6.8%.

By type of housing, the rate of new housing prices is 5.7%, which is the same as in the previous quarter.

On the other hand, the annual variation of second-hand housing increases seven tenths, up to 7.0%.

Access the report of the National Institute of Statistics (INE)

The sale of homes in the Valencian Community increased by 6.2% regarding August 2017

National Institute of Statistics (INE)

The sale of homes in the Valencian Community increased by 6.2% regarding August 2017

Source: National Institute of Statistics (INE)

The number of purchases of homes in the Valencian Community increased by 6.2% compared to August 2017 according to data from the National Institute of Statistics (INE)

90.1% of the homes transmitted by purchase and sale in August are free and in annual terms, the number of free homes transmitted by purchase increased by 6.2%.

18.3% of homes transmitted by purchase in August are new and 81.7% used.

Spain is among the top 20 countries in transparency in the real estate sector in 2018

Spain is among the top 20 countries in transparency in the real estate sector in 2018

Spain is among the top 20 countries in transparency in the real estate sector in 2018

Source: Jones Lang LaSalle, IP, Inc.

Spain ranks among the first twenty countries in the world in terms of transparency in the real estate sector, according to the biennial survey Real Estate Transparency Index 2018 (GRETI), by its acronym in English) conducted by the property consultant Jones Lang LaSalle. Specifically, our country scales three places compared to the edition published in 2016, ranking 19th.

Spain is in the top 10 in the use of technology applied to the real estate sector

“Transparency in the real estate sector plays an increasingly important role. In fact, a good part of the health of the sector is, together with legal security and technology, closely related to said quality, ”

“The increase in information and the quality of it are crucial when making investment decisions, especially for those investors who set their sights on new markets such as Spain.”

Towards a more transparent market

“The ranking by countries, led by the United Kingdom, Australia and the United States, places Spain in an advantageous position compared to other markets with similar characteristics. The good work done during these last two years, both from public and private institutions, has placed our country in the focus of foreign investors. The influx of foreign capital is undoubtedly the best news for the sector to continue growing and becoming professional “,

Technology, ready to break into the real estate market

The technology and the application of the same in the real estate sector is a reality and already begins to provide the first results. The use of new technologies, innovation and digitalization – better known as Protech (Property Technology) – is one of the main reasons why Spain has climbed positions within the transparency ranking, since according to the 10th edition of GRETI 2018 , Spain is in the top 10 in the use of technologies applied to real estate. Specifically, our country occupies the sixth place, ahead of other countries such as France, Ireland, Italy or Portugal. The United States, the Netherlands and Canada lead the ranking.

XI Dénia Boat Show

XI Dénia Boat Show

XI Dénia Boat Show

The XI edition of the Dénia Boat Show will be held from April 27 to May 1 at the Marina and Tourist Marina of Dénia.

To this day, the main nautical firms will be present at the event.

Among the objectives of the contest is to show the possibilities of nautical tourism of the northern Costa Blanca, as an important source of wealth and employment.

In this new edition we continue towards the consolidation of nautical experiences. A challenge that will benefit both exhibitors and fans, athletes, supporters of the sea, nautical, gastronomy, good weather, leisure and excellent infrastructure of the northern Costa Blanca.

The contest counts on the sponsorship of the City council of Dénia, Pantaenius Spain and Maremoto.

The price of second hand homes in Costa Blanca north rose by 3.9% quarter-on-quarter 2018

Costa Blanca north used housing price rose 3.9% quarter-on-quarter 2018

Author: Holidaydream

The price of the used house in the north of the Costa Blanca registered an increase of 3.9% quarter-on-quarter during the first quarter of 2018. The annual variation, the increase is of 7.1%.

The price of the used house in Spain registered an increase of 2.2% quarter-on-quarter during the first quarter of 2018. This advance leaves the square meter at 1,621 euros according to the latest idealist price index. Considering the annual variation, the increase is 7.1%.