What You Need to Know About the Real Estate in Spain

Posted by realestateimmo on February 22nd, 2019

Real estate is a business that encompasses the development of building projects and developing idle land. This development process comprises of activities such as “renovating old buildings and construction of new housing structures”. Real estate in Spain has over the years experienced positive changes which have contributed to economic growth through the provision of quality housing structures. Some of the dynamic changes that real estate industry has undergone are;

Real estate facts in Spain

Majority of Spanish citizens own their own homes with the ownership estimated to be at 80%. Home ownership has been encouraged by the successive governments and has become part of Spanish culture to acquire properties in Spain so that each person has a home of their own. Some of the citizens and investors buy additional property as second home.

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Favourable incentives such as tax regulation by the government have encouraged home ownership and general development of the real estate sector. The banks have also developed favourable mortgage terms that promote the growth of real estate in Spain, with up to 40-year mortgage packages available. This has discouraged renting of apartment in Costa Blanca and other major areas and more people are determined to have their own homes. 

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Our Real Estate website, www.realestate-immo.com portal gives an opportunity to the owner of real estate to directly reach a potential buyer/tenant. Investing in real estate in Spain can be a great way to grow your money fast. Real estate marketing is now shifted to online mode to reach a massive audience.

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