The confinement decreed by the Covid-19 pandemic is the first battle that is not fought between humans and is won from home. And it is that our trench has been the sofa in the living room or the bed in the bedroom.
All this time locked in our own homes has allowed their owners to think and rethink whether the house meets their needs.
40% of people are still looking for their ideal home. However, price is still a determining factor in achieving your goals. Despite the fact that the real estate gap has increased in recent months, lahore smart city housing society continues to be in the most favorable position at the national level.
- The pandemic
- Real estate gap smaller than in the rest
- Young couples want to buy.
- Very good last quarter
- Land price and safe investment
1. The pandemic
The personal perception of Spaniards about their private space has changed after the confinement decreed in March 2020. The members of each family feel that they need more personal spaces and their own environments in which to take refuge.
The figure is abysmal; two thirds of Spaniards want to move, according to a private study. The biggest trend these days is leading people to look for detached villas with personal bedrooms and bathrooms and at least 130 square meters.
2. Real estate gap smaller
The smallest difference between the price of homes within a city. The intersection between Avenida de la Paz and Reyes Católicos has a price per square meter of € 2,100, while in Gamonal it is estimated to be worth € 1,200.
The price difference, which is not twice as expensive between the most expensive and the cheapest, means that Burgos is the city with the smallest real estate gap between neighborhoods.
The cities with the highest real estate gap between neighborhoods are Madrid (where the square meter in Serrano street costs € 10,550, while in San Cristóbal de los Ángeles it drops to € 1,100) and Malaga (€ 5,200 in the center or La Malagueta compared to € 500 from Las Palmillas). This difference is 10 times the difference from one neighborhood to another.
3. Young couples want to buy.
Young couples seeking housing prefer a mortgage over a rental. With the purchasing power in a couple where both members work, the tendency is to leave their parents’ homes after the pandemic. In addition, linking with the first point, the house is prioritized before the floor, so there are more possibilities of acquiring new homes of new construction.
The president of the Association of Real Estate Developers of Burgos, Gonzalo López Recio, points out in Diario de Burgos that ” A country in which people like to own their home.” Above all, young couples, “who demand larger flats, with terraces and open spaces.”
4. Very good last quarter
One of the indications of what a year is like for the real estate sector is the last part of the year, which is one of the most complicated. Going back to school with the expenses involved, the beginning of the work year or the increase in expenses in general are the most difficult factors to overcome.
However, the exercise of the last quarter of last year left the most spectacular records since 2008. In recent months they totaled 932 transactions in housing (338, 300 and 294 respectively in each month), 23% more than in the last quarter of 2019.
5. Land price and safe investment
According to López Recio, since the considerable fall in land value in 2013, its price has become much more affordable for buyers. This fact has been fundamental in deciding the balance between buying and renting homes for new tenants.
Another upward trend in recent years has been to have the property as an economic “refuge” and as an investment method or savings alternative. This insurance for buyers has caused a steady rise in the sector.
Everything you need to know about changing a business premises to a home.
Change of premises to housing.
Changing a commercial space into a home is a solution to give way to an empty space that more and more people are considering.
This process requires a series of procedures that you must review, in this article we give you all the keys that you have to take into account to be able to do this process successfully.
Requirements for the change of premises to housing
This change requires two processes that must be paid attention to: those of an urban type and those of housing.
The first thing to analyze is whether the building where the premises is located is in an area that allows residential use and whether it admits a new home taking into account the expected density. In addition, it is necessary to check if the surface of the premises is greater than the minimum that the regulations require to establish a home in that area.
On the other hand, we must take into account that the premises that we want to transform meet or can meet current habitability requirements. These regulations are defined autonomously or by municipal ordinances that each council may have. These requirements refer to data on minimum surface, minimum height, functional program (complete bathroom, kitchen, rooms, ventilation…), among others.
Procedures to complete.
In order to carry out this change from premises to housing, it is necessary to apply for a license at the town hall, presenting a project that justifies compliance with the regulations that apply to these processes.
If the city council verifies that the project complies with the applicable regulations, the license will be granted. Eventually, the necessary works will be carried out to provide the premises with the necessary equipment to be considered a home (the functional program).
Once completed, the first occupation license must be obtained, which verifies that what has been built coincides with what is authorized in the project. Afterwards, the certificate of occupancy and the energy efficiency certificate can be processed, thus completing the administrative procedures related to the work.
Once we have the license to change use, we can go to the notary to formalize a deed to change the use of the premises. This process is used for said property to cease to be recorded in the Registry as a premise and to be recorded as a home.
Once all this is obtained, we will have legalized the change of use from premises to housing. The housing condition will be recorded in a notarial deed and in the property registry and will have been authorized by the competent urban planning authority upon meeting all the requirements.
In addition, it will be recorded in the cadastre and we will have the habitability certificate and its energy efficiency certificate. With all these processes and procedures completed, we will be able to sell or rent the home, contract services and supplies, and so on.
Agreements with the community of owners
In the same way, another process must be taken into account to be able to make the change from premises to housing. Before undertaking the change (or before agreeing to buy a premise for its subsequent change), it is necessary to verify the Statutes of the community of owners in reference to horizontal property.
In these statutes it is detailed if the community of owners prohibits or conditions the change that we want to make in the premises, even if it is viable from an administrative and urban point of view.
Thus, the neighbors could veto the change of use and a judge could annul this transformation for contravening the community’s norms and forcing the changes made (whether works or administrative procedures) to be undone.
The regulations must be taken into account to know with certainty that the premises can be legally transformed into housing are:
- The urban regulations of the town in question.
- The current habitability requirements.
- The Statutes of the community of owners.
Once these processes have been consulted, a project could begin to be processed with the city council. Having this authorization, the notarial and registration processes would be carried out so that this new home is recorded in the Property Registry and in the Cadastre.
With these procedures completed, the works can be carried out and the first occupation can be communicated to the City Council and the habitability certificate can be obtained from the Administration. With all these procedures completed you will be able to enjoy your new home.
If you are thinking of acquiring a place, you can check all the places we have available on our website.
Right of first refusal and withdrawal of a home: what it is and when it can be exercised.
The right of first refusal and withdrawal are two rights of every tenant who has a rented home in case the owner decides to sell it. Knowing more about these legal figures is essential for anyone who has rented a property and has the intention or interest in buying it.
It is convenient for the owner of a rented home to know you to know how it can affect you. In Tajarat properties we tell you what it is and when you can exercise the right of first refusal and withdrawal of a home.
What is the right of first refusal?
It is a right that the tenant of a property has if it is going to be sold to a third party. In that case, the tenant has the purchase preference matching the money to pay for it.
The landlord has a legal obligation to inform the tenant of his intention to sell the property. There is a 30-day period to assert the right of first refusal. That is, you can preferentially acquire the property with the same conditions and price that had been agreed with the other buyer.
In the event that the tenant is not interested in buying the home and the owner agrees to do so, a clause can be included in the rental agreement in which the tenant waives the exercise of that right.
This will in practice provide protection for the tenant by ensuring tshat they can stay in the house for the duration of their contract. In addition, the owner will have the peace of mind of being able to sell the house how and to whom he wishes once the lease is concluded.
What is the right of withdrawal?
The right of withdrawal is a right of the tenant at the time the sale of the property he has rented has taken place.
This right allows you to acquire the property with the conditions and price at which it has been sold to a third party or bequeathed in a dation in payment. You can exercise it within 30 days of being informed that the sale of the property has occurred.
In which cases can a tenant benefit from the right of first refusal?
- If you have not been informed of the sale of the property as is the obligation of the owner and landlord.
- The owner and landlord have omitted any condition related to the sale of the property.
- If the owner has sold the property at a price lower than that offered to the tenant so that he can exercise his right of first refusal and preferential acquisition.
Cases in which they cannot be exercised.
There are two exceptions in which the tenant of a dwelling cannot exercise the right of first refusal and withdrawal.
When the rented home is not sold independently, but together with other properties that are part of the same property.
In the event of a joint sale of all the apartments and premises of a property to the same buyer. This is the case even if these properties belong to different owners.