News and articles, page 19

In the first months of 2023, housing prices showed amazing resistance to the prevailing economic trends. Unfulfilled pessimistic forecasts required rethinking and changing forecasts for the local market. It is quite possible that by the second half of the year prices will still rise by 5% or a little more. This will be a fairly noticeable slowdown to 8% in the first quarter. At the same time, prices may decrease by 3% by the end of 2023, and by 2% in 2024. This is already a more pessimistic forecast than it was earlier, when 1%...

The beginning of 2023 marked important changes for the real estate sector. There have been a number of events that force us to be very attentive to what will happen to the market in the coming months. However, a number of concerns disappeared, which predicted a serious drop in the first months of the new year. The emergence of a "bubble" in the residential real estate market in Spain is now considered one of these disappeared risks. In 2022, inflation turned out to be a record for the last decades, the same was the increase in...

At the end of 2022, the Spanish real estate market was filled with doubts. With record levels of inflation, interest rates rising at a record pace for the last decades, the energy crisis and the projected economic recession, many experts justifiably believed that the Spanish real estate market was facing really difficult times. Forecasts painted a picture of a serious trend reversal already in the first months of 2023, but, as we can see, the predictions did not come true. Therefore, making forecasts is always a thankless task....

Americans have become one of the most active categories of real estate buyers in the Spanish housing market. They especially love new buildings and holiday resorts. Mark Shtyuklin, a real estate market analyst from Barcelona, told The Wall Street Journal that according to Spanish notaries, only in the first half of 2022, sales of residential real estate to Americans increased by 76% year-on-year. According to this indicator, this is the best result in the history of observations. Shtyuklin also reveals which regions of the country US...

Offices have become one of the most profitable types of real estate for investment in Spain in 2022. According to the Finanzas portal, last year the profitability from renting out offices reached 12.9%. The profitability of these assets contrasts with the profitability of the commercial segment as a whole (9.6%) and, especially, the housing market (7.2%). However, these are still very good indicators. Garage assets demonstrate similar levels of profitability — 7.1%. In view of this, the Spanish office sector has become a safe haven...

International investors continue to bet on residential real estate around the world. Spain is one of the most attractive destinations for such investments in Europe. And this is despite all the economic uncertainty and the macroeconomic downturn that has hit the entire continent. According to a study by CBRE consulting company, Spain is the only European country that has two cities at once in the ranking of the top 10 investment destinations in Europe. The residential sector attracts huge funds from international investors, both...

The real estate market causes some people to have strong negative feelings, usually rooted in the painful experience of working with "professionals" of the market: people obviously without competence in what they do, unscrupulous real estate agents lying to developers and so on. Often in such cases, the problem lies in legislation that does not filter carefully enough who and how enters the market, what they do and what punishment may follow for violating certain norms. Many of these market participants found themselves on...

Since 2007, the Spanish real estate market has not had such a record year as in 2022. More than 650,000 residential properties were sold last year. However, the last month of the year showed one curious trend. Firstly, the "boom" in demand is most likely coming to an end and, secondly, primary housing may fade into the background, giving way to the secondary market. According to experts from Fotocasa, 15% fewer residential properties will be sold in 2023 due to rising prices, higher interest rates, tighter conditions for mortgage...

In 2008, when liquidity in the credit markets dried up, water became as attractive an asset for investors as oil or gold. 12 years later, already in 2020, water as an asset hit Wall Street and had a huge success. Its appearance on the futures market was the result of a chain reaction caused by a certain shortage of supply and a slowly but surely growing "panic", if we may say so. After all, who hasn't heard at least once in their life about "not endless supplies of water that won't be enough for the whole planet"? And if you look at...

The real estate market maintains an upward trajectory. In January of this year, immediately after the recession in the fourth quarter of 2022, secondary market housing prices showed an increase of 5.4% in annual terms. At that time, the square meter of housing increased to 1,922 euros. In 16 provincial capitals of Spain, the price increase exceeded the January inflation rate, which was 5.8%. Some cities exceeded inflation by almost 20%. According to information from the Idealista real estate portal in cities such as Santa Cruz de...