Real Estate Blog October 2024
I keep you informed about real estate in Altea and surrounding areas.
The year 2024 is coming to an end with the real estate market a bit stagnant and with many changes.
And with a lot of real estate agencies trying to survive no matter what!
Come on, those who are not very professional are in for it!
The time has come for specialization.
Either you become unique or you don’t get a penny.
The other day a friend told me that in his sector, fashion, 40% of shops have closed…
And what will happen to real estate offices?
We’ll see…
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Let’s go with the news.
News number 1:
So that the political geniuses who govern us can learn:
Milei and the success of deregulation: 50% drop in rent and 170% increase in housing supply
When the reality of the housing problem in Spain is excessive regulation, the unstoppable rise in the average rental price of housing and the fall in the supply of housing, up to 33% in 5 years, the reality in Argentina is very different since the new president came to power in January. Milei began by deregulating rental housing and repealing the ironclad Rental Law that governed housing in Argentina. The consequences were immediate: prices began to fall and supply soared like never before.
Read the full news at:
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News item number 2:
Housing is expensive and it keeps going up?
Just ask the politicians who suck up to you…
From 22% to 30% of the price of a home are taxes, something has to change
Read the full news item at:
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This confirms my previous opinion:
News item number 3:
Some are not doing so badly, though, eh?
Record profits among the six major Spanish banks as price increases and housing crisis continue
The major Spanish banks made 15,287 million in the first half of the year, even after paying the new tax imposed by the Government. Meanwhile, mortgages are the largest source of debt in Spanish households and prices continue to rise by 2.8% in July.
Read the full story at:
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NOW THE SPECIFIC NEWS ABOUT ALTEA:
Altea News 1:
Comprehensive Renovation of the Garganes Pavilion: an inclusive and sustainable project
The renovation will include, in addition to structural improvements, the expansion of the cafeteria and the gym, which will allow reactivating, expanding and improving the service to users
Read the full news at:
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Altea News 2
Mediterranean longevity
The big news that I imagine many of you already know is the opening to the public on January 7 of the spectacular hotel at the entrance to Altea Hills.
ZEM ALTEA
This event will mark a before and after in the area.
Everything will change. And of course the property prices.
Those of us in the area are anxious and expectant about such an event.
It will bring even more fame to the area and wealth for those who know how to take advantage of the occasion.
In addition, they have already confirmed to me that the hotel’s number 1 guest will be….
You wouldn’t believe it? PUTIN.
Yes, gentlemen. The journalists’ puppets are already preparing the news….
hahaha.
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To finish the blog, a final reflection:
Be good!
Greetings
Abel Micheletti