The luxury housing market in Spain has always been vibrant and full of opportunities. With its combination of stunning natural landscapes, pleasant climate, and attractive properties, Spain attracts high net worth buyers from around the world. Among the most standout markets in Spain are the provinces of Balearic Islands, Malaga, and Alicante, all famous for their sun and beach tourism and...
Welcome to the Dust&Sand Luxury Homes blog. If you're a foreigner considering buying or renting a luxury home in the picturesque town of Sitges, you're in the right place. Known for its Mediterranean beaches, lively film festival, and vibrant nightlife, Sitges is the ideal spot for those looking to combine luxury, culture, and a rich social life. 1. Understand Local and National...
The 50 most expensive localities to buy a property in Spain. Sitges holds the 8th position in the ranking. The Spanish real estate market registered a 7.3% annual increase in the average price of used housing in March, according to the latest 2023 price index from idealista, the leading real estate marketplace in southern Europe. In this report, we will examine the evolution of prices in the 50...
Surge in Foreign Home Purchases in Spain: Exploring Key Nationalities and Regions In 2022, home sales in Spain reached record-breaking figures, unseen since the real estate boom. Purchases made by foreigners have significantly contributed to this growth. Here, we introduce the nationalities leading the purchases and the preferred regions for investing in properties in Spain. British...
Cash Home Purchases on the Rise as Interest Rate Increases Impact the Market. Recent interest rate increases are driving cash home purchases in Spain. According to notaries, in February, only 42.5% of the transactions signed in the country were paid for using a mortgage, the lowest figure in over five years. Specifically, these figures haven't been seen since the end of 2017. Moreover, it is five...
The prime rental market records astonishing growth globally Savills' "Prime Residential" index reveals a 5.9% increase in the average 'prime' rental price in the world's major cities during 2022, almost doubling the growth of luxury home sale prices, which stood at 3.2%. This rise in prime rents was mainly driven by a shortage of supply and high demand in this segment, resulting from the return to cities...