VLC Invest

Why is real estate in Spain more affordable than that in Czechia?

We have examined the main causes of real estate growth in Czechia (Covid pandemic, Airbnb expansion, skyrocketing rents, inflation, etc.). Let's see now how it goes in Valencia.

1️⃣ Real estate transfer tax (unlike in Prague, real estate transfers in Valencia are taxed at a rate of 10%).

2️⃣ Tourist rental license
(Strict requirements to obtain a tourist license inhibit the growth of prices).

3️⃣ Difficult times during Covid
(Unlike in Czechia, where we observed real estate market growth during the pandemic, Spain is in a different situation due to the limitation of foreign investments).

4️⃣ Unemployment
(Reduced purchasing power of locals).

5️⃣ Occupants
(We dedicated a separate post about okupas).

These are the factors that determined the affordable real estate market in Spain.

▪️What is the current situation in the market?
Spain mortgage rates are growing and mortgages are becoming more expensive. The higher the mortgage rate, the more buyer demand is slowing down.
These days the supply of properties for sale has increased. It's the right time for real estate investors with their own capital to benefit from the market situation.
Feel free to ask for a discount and to propose your terms and conditions.

If you have questions left, we're here to help. Message us📲

Many customers ask about renovations in acquired flats, today we want to show examples of before and after results 😎

Our construction team works in both residential and tourist apartments 🛠 Thermo isolation, wall reinforcements, isolations of walls and floor against humidity, etc are some of the most demanded works 👌🏼
It's important to note that sometimes we encounter inconvenient piping locations, but even then we come up with solutions on how to keep them accessible by maintaining safety from accidents and flooding 💦

The construction team carries out the work according to the architects' pre-approved plan and design. The project complies with all the technical regulations for the touristic license, so before we start, we know for sure that no difficulties or surprises are expected while obtaining the license 🤓🪜