The Spanish capital could be about to get Europe’s tallest skyscraper, as part of a massive redevelopment of northern Madrid, which will see the building of 17,699 new homes, a 3.7-kilometre extension to Madrid’s great thoroughfare, and green spaces equivalent to 56 football pitches.
Many holiday home buyers factor into their calculations the likely income from renting out the property when they’re not using it, but are not aware that you need the correct licence to do so. That’s an increasingly dangerous game in Spain, as local authorities – in an effort to protect hotels and other official tourist accommodation providers – go to war against private individuals offering holiday rental.
How much should you offer below the asking price? It’s often the most tense and emotional part of a negotiation. You don’t want to offend the vendor, but money is money and why pay over the odds? How much less do most sellers have to accept in Spain anyway?
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