News and articles, page 17

Amancio Ortega, the founder of the well-known retail company Zara and the richest man in Spain, last year expanded his total portfolio of assets in the commercial real estate market, acquiring at least 10 properties in North America and the UK worth more than $2 billion. According to Knight Frank's Wealth Report 2023, Ortega is not the only super-rich investor who is taking advantage of the shrinking real estate markets around the world to acquire promising assets. A lot of private investors and international funds are actively...

Those who now own real estate can receive additional income from it, continuing to fully live in it. We are talking about an interesting and, in a sense, revolutionary approach to housing ownership — "trust ownership" (bare ownership). It is also known as "nuda propiedad", literally "naked possession". Despite the fact that Spain is still a country where it is customary to buy housing rather than rent, which distinguishes it from other European countries, the instrument of trust ownership is increasingly gaining popularity. ...

The real estate market in Spain in 2022 can be described as a record. Outstanding sales rates and volumes, extremely intensive price growth, high volumes of investments attracted to the sector were noted. This year we expect a different picture due to inflation, rising interest rates, the recession hanging over the world economy, the international political crisis and a number of other problems. Let's turn to the latest market report from CaixaBank Research, the research arm of the third largest Spanish bank. First of all, it points...

Buying a house in Spain in the vast majority of cases involves obtaining a mortgage loan. In addition, it is necessary to set aside a significant part of the cost of the house, which will need to be spent as a down payment. It is also necessary to take into account the costs associated with the real estate purchase process itself. Most banks in Spain, following international standards, offer mortgage financing in the amount of 80% of the value of the purchased property. In view of this, borrowers must have on hand from 20% to 30% of...

Real estate investments in Spain, as a rule, are considered attractive and quite safe, due to the tangibility of their income, as well as the historically positive dynamics of prices. Despite the fact that the 2008 crisis demonstrated that there are no risk-free assets, among the alternatives, the real estate market remains one of the safest areas of investment. This is especially true during periods of sharp inflation, which the global economy is experiencing at the moment. And although real estate investments have traditionally...

For people with small savings, the idea of investing in real estate as a way of earning money, at first, may seem absurd. Such investments look like huge expenses, huge risks, huge efforts to participate in economic realities that are often incomprehensible. And all this with zero guarantees that the efforts and resources spent will pay off. However, is it the same? How difficult are such investments and can they be a real source of income for ordinary citizens, not just wealthy investors? In recent years, we have seen how various...

The lack of new construction is one of the main problems of the Spanish real estate market. According to the real estate portal "Pisos.com "this problem, which has worsened since the beginning of the pandemic, will only strengthen in 2023. In view of this, Ferran Fond, Director of Research at Pisos, draws attention to the latest report on the residential real estate market from the National Institute of Statistics (INE), released in November. According to INE data, only 18% of all operations on the market for the specified month were...

According to a survey conducted by Multinacionales por la Marca España (An association of international companies operating in Spain) in 2022, three-quarters of all investments registered in the country are directed to the Madrid region. Why is it so attractive to investors and what types of investments are the most profitable here? Content: Focus on non-residential real estate Investments in warehouses and street retail

In every city there are districts and neighborhoods where buying a home is more expensive than in others. Housing prices can rise and fall due to various factors, such as proximity or distance from the city center, the development of public transport and communication with other important social services, or maybe it's all purely a matter of prestige or bad reputation of a particular area. A recent study from the real estate valuation and consulting portal Tecnitasa has identified the streets in Spain with the highest and lowest home...

Foreigners entering the Spanish residential real estate market are increasingly preferring to rent a home to buy it. According to the Idealista portal, at the end of 2022, foreigners accounted for 14.9% of the total demand for residential real estate rentals in Spain. This indicator indicates that the demand for rent from foreign citizens has not only become the highest since 2019, but also exceeded the share of foreign demand for the purchase of housing, which amounted to 14.5%. ...