The sea, the sun and the tapas: the French are buying more and more second homes or rental accommodation in Spain, on the other side of the Pyrenees. It is a niche, but a very dynamic niche: property purchases by foreigners in Spain were up by more than 40% in 2022. Property purchases by French people were on the increase by more than 10%. Spain can look like El Dorado for those who telecommute 100% or for investors who want to make a rental investment. In Spain, when it comes to investing your money, there are far fewer administrative or banking constraints than in France: less taxes, no energy diagnosis or DPE, overall lower prices. In Valence for example, count for example 2,000 euros on average per m2. The rise in mortgage rates has an impact on working people, but also on retirees. These seniors have lost in one year because of this an average of 10,000 euros in real estate purchasing power. In summary: it is better to have a solid contribution, even more solid than when you work, to buy the apartment or the house of your dreams after 60 years. With Geoffroy Reiser, Director Europe Masteos Topics covered: real estate - real estate - real estate loan - bank loan - real estate investment - rental investment - taxes - taxation - tax deduction - Spain - sales agreement 000 euros on average real estate purchasing power. In summary: it is better to have a solid contribution, even more solid than when you work, to buy the apartment or the house of your dreams after 60 years. With Geoffroy Reiser, Director Europe Masteos Topics covered: real estate - real estate - real estate loan - bank loan - real estate investment - rental investment - taxes - taxation - tax deduction - Spain - sales agreement 000 euros on average real estate purchasing power. In summary: it is better to have a solid contribution, even more solid than when you work, to buy the apartment or the house of your dreams after 60 years. With Geoffroy Reiser, Director Europe Masteos Topics covered: real estate - real estate - real estate loan - bank loan - real estate investment - rental investment - taxes - taxation - tax deduction - Spain - sales agreement
Europe 1 08:00, February 05, 2023
The sea, the sun and the tapas: the French are buying more and more second homes or rental accommodation in Spain, on the other side of the Pyrenees.
It is a niche, but a very dynamic niche: property purchases by foreigners in Spain were up by more than 40% in 2022. Property purchases by French people were on the increase by more than 10%.
Spain can seem like an Eldorado for those who telecommute 100% or for investors who want to make a rental investment.
In Spain, when it comes to investing your money, there are far fewer administrative or banking constraints than in France: fewer taxes, no energy diagnosis or DPE, generally lower prices.
In Valence for example, count for example 2,000 euros on average per m2.
The rise in mortgage rates affects working people, but also retirees.
These seniors have lost in one year because of this an average of 10,000 euros in real estate purchasing power.
In summary: it is better to have a solid contribution, even more solid than when you work, to buy the apartment or the house of your dreams after 60 years.
With Geoffroy Reiser, Director Europe Masteos
Topics covered: real estate - real estate - real estate loan - bank loan - real estate investment - rental investment - taxes - taxation - tax deduction - Spain - sales agreement
