Real Estate

Property sales in the province of Malaga are at their best level since the boom of 2007.

In the new construction segment, only Madrid has sold more properties than Malaga, where 26,000 transactions have been registered this year. The sale and purchase of homes in Malaga in 2021 shows its best figures since the times of the real estate boom, reaffirming once again that the pandemic has not been an obstacle for the sector. According to the real estate transaction statistics published by...

Big changes in the method of taxation for real estate transactions in Spain

With the new Law 11/2021, of 9 July, on Measures to Prevent and Combat Tax Fraud,a series of changes will come into force in the taxation of real estate purchase operations. Specifically, as of 1 January 2022, individuals who buy or inherit will pay tax on the property based on the " reference value " and not on the cost they have paid for the property. This reference value will be determined by the...

NFT reaches the real estate sector

Apart from marking the lack of digitalisation in the real estate sector, the Covid-19 pandemic triggered a trend that triumphed thanks to social networks.Non-fungible tokens (NFT) flooded the feeds of thousands of users, providing the proof of authenticity to digital art and thereby creating a new mechanism for trading of electronic artworks. The market of digital art exploded in February 2021, and even...

Increased activity in the Spanish real estate market while property prices rise worldwide

Covid-2019 had caused the isolation of much of the world, bringing the end to a great number of companies, redundancies of millions of workers and the freezing of the real estate market. The fear was that house prices would collapse, as it had happened in previous economic recessions. An increase in bankruptcies and unemployment would reduce disposable income and make it difficult for heavily...