Spanish property market shows recovery

Spanish property market shows recovery

The crisis of the Spanish property market seems to have finally come to an end. Year after year, from 2007 until 2015, the Spanish property market suffered from devaluation. Finally, it turned in 2016, when there was a slight price rise (1,6%), that became stronger in 2017 (4,4%) and seems to increase even more in 2018 (6%).

Spanish property market shows increased demand

The demand for Spanish property shows a strong increase. In 2017 the number of sales rose to 464.423 properties, which represents a growth of 14,6%. This growth is mainly due to the demand of foreign buyers. Approximately 60.000 houses in Spain were purchases by foreigners. Especially the “Costa´s” and the large cities, like Barcelona and Valencia, are popular amongst the foreign buyers/investors. Most foreign buyers come from Engeland, Germany, France, Belgium, Italy, Sweden and The Netherlands.

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Rental Spain

What if I want to rent out my Spanish property?

If you possess a property within the Valencian Community -the provincies Alicante, Valencia or Castellón- and you want to rent out your property, then you are obliged to register this property.

Rental Spain – how to register your property?

In order to register your Spanish property for rental, you need to fill in a form called Declaración Responsable which you can download http://www.gva.es/downloads/publicados/IN/25082_BI.pdf

You need to specify the category of your property, choosing between (S) (Superior), (P) (Primera=First) or (E) (Estándar=Standard)

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