Properties in Spain are the cheapest in EU!

Following EuroWeeklyNews.com - buying a home in Spain is cheaper than elsewhere in the EU.
As reported by an annual analysis on Spain’s realestate market conducted by Deloitte, the percentage of income spent by households on mortgage payments - rate of effort - has been steadily falling in recent years and currently stands at 33 per cent, as a result of the decline in house prices registered since the outbreak of the economic crisis.
Moreover, the average home price in Spain is 4.4 times the individual gross salary, compared to many countries in the European Union where prices are 6.1 times the individual gross wage and Britain and France, where the ratio is 8.5 and 7.9 times the individual income.
For the fourth year and compared to the rest of the country, homeowners in Barcelona and Guipuzcoa have had to spend a larger percentage of their income on mortgage payments, given the high price of housing in those provinces.
In contrast, buying properties in La Rioja, Lleida and Pontevedra is more accessible, since the rate of effort is lower than 30 per cent.

Article here: https://www.euroweeklynews.com/properties-in-spain-sale-real-estate-spain/item/122985-buying-properties-in-spain-is-cheaper-than-elsewhere-in-the-eu

Great selection of properties you will find on www.okeyspain.com 

Property of the Day!

Property of the Day!

9 bedroom villa for sale in Peguera, Mallorca

Situated in Paguera, just behind the beach. This newly built Villa is located on a plot of 3.950 m2, with a total built area of 729 m2 in two buildings. The Villa consists of 2 floors with 679 m2 distributed in 9 bedrooms and 9 bathrooms, a spacious kitchen, dining room, several rooms and lounge, plus 271m2 of porches and terraces. Another building is designed for the gym and storage area with 50 m2.

More details: http://www.okeyspain.com/property/471118-9-bedroom-villa-for-sale-in-peguera-mallorca.html

Property of the Day!

Property of the Day!

3 bedroom apartment for sale in Valencia

Apartment with terrace Valencia for sale Spacious luxury home located on a 8th floor, in one of the finest buildings in the city with all the luxury amenities, pool, sauna, gym, playground, clubhouse, paddle, concierge service and 24 hour security, besides having the METRO at the entrance of the building, surrounded by supermarkets, drugstores, and some of the most current restaurants, all located next to the Conference Centre and the new Casino of Valencia.

More details: http://www.okeyspain.com/property/469204-3-bedroom-apartment-for-sale-in-valencia-valencia.html

NEWS: New law permits residence to bring 3 billion euros to Spain

To follow Spainrealestatenews.com - since new law came for foreigners who buy real estate worth more than 500 thousand Euros, this opportunity was used by 2,000 people, many of whom are citizens of Russia and China. According to El Confidencial Digital, citing sources in the government, the total volume of investments amounted to about 3 billion euros.
This standard, which came into force a year ago, is designed to reduce the excess of abandoned houses in Spain at the time of low domestic demand and the need to attract foreign funds.
The above sources explained that the majority of investors have a high income. They have passed all established by the Ministry of Interior control steps, including the lack of a criminal record check.
Such a residence permit does not give the right to work, as well as the use of public health services and social benefits. Foreigners are issued a residence permit in Spain for two years with possibility of extension, subject to maintaining investment.
In order to get it, the buyer will have to invest in residential or any other real estate more than 500 000 euros. Thus means to be received from abroad. This provision does not cover those who buy property with the assistance of bank financing obtained in Spain.
Government sources said that a lot of these transactions accounted for Madrid and the Basque Country, which implies a serious change in the trend. To this day, it was mostly about the Russian and Chinese millionaires who bought property in Costa Brava, Valencia and Costa del Sol. Madrid often choose Chinese investors who want to send their children to study in Western universities.

All article here.
Great selection of properties you will find on www.okeyspain.com 

Property of the Day!

Property of the Day!

5 bedroom apartment for sale in Marbella, Malaga

Ático, Marbella, Costa del Sol. 5 Dormitorios, 3 Baños, Construidos 170 m², Terraza 66 m². Posición : Ciudad, Área Comercial, Cerca de Tiendas, Cerca del Mar, Cerca de Cuidad, Cerca de Colegios, Urbanización. Orientación : Suroeste. Estado : Excelente. Piscina : Comunitaria. Climatización : Aire Acondicionado, A/A Caliente, A/A Frio, Calefacción Central.. Vistas : Mar, Montaña, Panorámicas, Urbanas.

More details: http://www.okeyspain.com/es/property/469285-5-bedroom-apartment-for-sale-in-marbella-malaga.html

Foreign buyers boost Spanish real estate market

Following Alice Tidey, journalist CNBC, foreign buyers were one of the main drivers of the Spanish housing market in the first quarter of the year, accounting for nearly 20 percent of all sales.
According to research published by the Spanish General Council of Notaries on Monday, residential property sales to foreign buyers jumped by 27.2 percent year-on-year and constituted "one of the main engines of growth" in the market.
Coastal areas were the most in demand. Together with the Spanish capital of Madrid, they registered the highest year-on-year growth of any region, at over 40 percent.

British buyers were the biggest players, representing 13.8 percent of the foreign market, followed by the French (10.5 percent) and Russians (8.4 percent). Meanwhile, buying from Ireland shot up by a hefty 78.0 percent year-on-year.
However, the report highlighted increasing numbers of buyers from more far-flung countries. Perhaps bolstered by Bill Gates and George Soros's recent major stakes in Spanish real estate, buying by U.S. citizens surged by 88.9 percent year-on-year – although sales to Americans still totaled only 1 percent of the foreign market.

All article here.
Great selection of properties you will find on www.okeyspain.com 

Property of the Day!

Property of the Day!

4 Bedroom finca for sale in San Miguel de Balasant, Ibiza

Finca San Miguel 36.800 m2,Mainhouse plus guesthouse,4 bedrooms, 5 bathrooms,living and dingarea, kitchen, office,garden, pool, carports, stables,IDEAL for summer lettings with license, 1 plot of 25.000 m2 can be segragated and sold as builing land for 500.000 €

More details: http://www.okeyspain.com/property/440960-4-bedroom-finca-for-sale-in-san-miguel-de-balasant-ibiza.html

Okeyspain Team

Property of the day!

Property of the day!

5 bedroom villa for sale in Marbella, Malaga

Fabulous Villa in one of the most prestigious addresses in Marbella. This impressive 5 bedroom five bathroom house is set in a private gated community in Golden mile and is only five minutes from Marbella and Puerto Banus. The villa is built to cater for the most demanding tastes.

More details: http://www.okeyspain.com/property/467342-5-bedroom-villa-for-sale-in-marbella-malaga.html

Okeyspain Team

Property of the day!

Property of the Day!

3 bedroom villa for sale in Javea, Alicante

Built in 2002 villa is located in a cul de sac in  the beautiful area of Covatelles Javea, Costa Blanca North, Spain. Just 10 mins drive to the sandy beaches, shops and Golf course of Javea. Impressive controlled gate entrance, stairs to the porch area and into a spacious hallway.
Ideal family home for all year round living  or rental investment property.

More details: http://www.okeyspain.com/property/446217-3-bedroom-villa-for-sale-in-javea-alicante.html

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