01 Sep 2022 11:46 AM:

There are mainly two scenarios. The first one is the hike one, by which what is happening continues to happen, that is, rates hike at fast paces and well... stop a bit the property market turnover hence a basis of the Spanish economy. The second one is basically the one by which the ECB goes back to lower rates given the big electricity-driven crisis that may take place in the coming months.

All in all, both scenarios look pretty bad.

Thread: ECB rate increase

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01 Sep 2022 10:50 AM:

Hello,

To buy properties in Spain de reference spot is Idealista. Here you can find a lot of properties and you can filter by price and location to find cheap properties. I would recommend to filter by price and square meters, so you can see which ones are cheap by square meter. For this, you can just point out the minimum square meter and the maximum price you want to pay.

Also, if you need a mortgage you may ask many banks (Santander, BBVA, CaixaBank, Bankinter...) or use comparison platforms to check the conditions that are applied in various banks. The platform generally used is Acierto. In addition, take into account that in order to request a mortgage, you will need an official appraisal report. There are many companies that provide appraisal reports (Gesvalt, Tecnitasa, Tinsa, St-Sociedad de tasacion...) but again, I would recomment to use a comparison website as the prices vary a lot (from 100€ to 750€ or so for a house). For such comparison, you can use Tasaciones.

I hope it helps! If anything, you can ask more doubts :)

 

This message was last edited by juantr on 9/1/2022.
Thread: Buying cheap property

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