News and articles, page 18

They say that in 2023 the real estate market will stagnate. But, apparently, this stagnation will not affect luxury housing. We can easily see this by the example of one curious penthouse in Barcelona, which has broken all sorts of records for prices in the real estate sector of Spain. The object has only recently found a buyer. Produced by the developer KG Property Investors, the penthouse cost the new owner 40 million euros. If rounded up, then with an area of 560 square meters, each meter costs about 61,500 euros. ...

Spain has always been and remains a country of great contrasts. Living in the north and in the south, in the capital and on the periphery, in the countryside and in the city is not the same thing in Spain. And that's putting it mildly. And the differences are not only cultural, but also economic and social. Buying a house in large cities or tourist areas is much more expensive than buying a house or apartment in the so-called "deserted Spain". Not to mention the fact that "deserted Spain" is simply depopulated in many areas... that's why it...

The real estate market is constantly evolving, as well as the behavior of buyers on it. Although the main driving factor of the decline in demand is the rise in real estate prices and the increase in interest rates on lending due to inflation, this is not the only factor influencing the statistics showing us a reduction in the volume of purchases. One of these, rarely considered, factors is the so-called "champagne effect". Experts from Comprarcasa explain: "This term describes a situation when demand for a product or service...

Today, the decision to buy new housing or housing from the secondary market in Spain can often be only theoretical. Even if a person has the means to do this, there is a huge shortage of residential real estate on the market. Even in the secondary segment, the situation is tense and developers, at the same time, only reduce the number of objects being launched and put on sale. According to Jose Maria Basanes, president of the real estate appraisal company Tecnitasa, indicates: "According to estimates, the supply of new housing in...

Renting houses and apartments in Spain is becoming more and more expensive. Today it is at an all-time high. In cities such as Barcelona, apartments have gone up by 25% in annual terms. Many Spanish citizens believe that living in Barcelona now is already a luxury. Why is this happening? Partly because demand is growing in a market where the supply shortage has not been solved and will not be solved in the foreseeable future. According to real estate agents, another reason may be the growth of the labor market. This is partly also a...

According to the data of the "Investment Guide to SOCIMI and SIGI 2023" from the real estate and credit asset valuation company Prime Yield, the hotel and logistics segments of the Spanish real estate market have become the two most profitable over the past year. Profitability in the hotel segment exceeded 4.75%, and in the logistics market — more than 4.25%. This guide is primarily created for investment funds and banks, such as a "roadmap" for investments in companies operating in SOCIMI and SIGI modes. Both are special tax systems...

Despite the various difficulties that the real estate market faced last year, including inflation and rising interest rates on lending, the sector has demonstrated and continues to demonstrate stability and even growth. According to experts, real estate and the construction sector remain an extremely important part of the Spanish economy. New buildings remain one of the engines of the development of the real estate sector. According to some forecasts, the demand for such offers remains strong and will continue to resist economic...

Technology has long penetrated into all spheres of people's lives. Digitalization is actively moving through the economy, transforming even the most cumbersome and immobile industries. This digitalization has already reached the real estate sector. People no longer even need to leave home to perform thousands and thousands of operations for hours and even minutes. A task that could have taken several days before. The same applies to the state: the population census, registration of payments and payment of duties — everything has...

One of the pillars of the recovery of the Spanish economy after the active phase of COVID-19 was investment in the national real estate market. Spain and Germany have become the only member countries of the European Union that have more than one real estate market in a dozen key EU markets. For Spain, the basis of growth is the capital Madrid and Barcelona, which took the fifth and sixth places in the ranking, respectively. In general, according to the consulting company Catella, investments in real estate in Spain last year reached...

2022 was unique for the market of real estate in Spain. Demand for housing has grown not only among residents but also among foreign investors. The reports of the College of Registrars of Spain note that "foreign demand for housing was recorded at the maximum level," referring to data for the third quarter of 2022. Let's take a closer look at what figures the past year has shown and what are the prospects for the real estate market in 2023. Content: