News and articles
-
Inflation, rising interest rates, the threat of recession, the armed conflict in Ukraine affect the global economy, but it seems that many real estate markets are avoiding this influence, for example, Spain, where housing prices and rental rates are breaking growth records. Fotocasa notes that, for example, in Madrid, the capital of Spain,...
Read more -
The growth of the real estate market in 2022 affected the Spanish labour market. According to the "Labour Market Survey (EPA)" for the fourth quarter of last year published by the National Institute of Statistics of Spain (INE), the employment rate in the real estate sector has reached its historic highs. According to the latest EPA, the number of...
Read more -
High inflation undermined the purchasing power of the Spanish population, which hit the country's housing sector hard, as it led to a sharp increase in mortgage interest rates. Interest rates on loans have recently become a popular topic. It may seem that these events will never end, but the Dutch banking group ING proves the opposite. In its...
Read more -
The Spanish real estate market has shown impressive recovery growth since the first serious downturn of the COVID-19 pandemic in 2021. However, this stopped as suddenly as it began when the European Central Bank (ECB) abruptly changed its lending policy and began to raise the key rate regularly. This has significantly increased the prices of...
Read more -
The second half of 2022 and early 2023 were tense in the Spanish real estate market. Back in December, housing prices rose by 5% year-on-year. The policy of the European Central Bank (ECB) provoked an increase in mortgage rates. The Idealista real estate portal has updated its rating of the 100 most expensive municipalities in Spain with the...
Read more -
Opposite forces are affecting the Spanish housing market. The repeated increase in interest rates led to the fact that in January the Euribor rate exceeded 3.3%. Combined with inflation of 5.8% for the same month, the Euribor rate creates a high probability of a decline in demand for housing in European markets, including Spain. The falling...
Read more -
It is not every day that the head of Spain's largest real estate company expresses his opinion about the real estate market. Roberto Sibeira, CEO of Pontegadea, Amancio Ortega's investment company, commented on the company's future activities in Spain as follows: "We have not conducted large operations in the country for several years, although we...
Read more -
The price of real estate is not formed at random and is not taken "from the ceiling", but is the result of analysis and a combination of many factors. From the average prices in the market itself and the activity of buyers to the location, size and condition of the object itself. The list of characteristics that need to be taken into account in...
Read more -
Although the trends in the real estate market are more or less the same in different areas of Spain, the price of real estate can vary significantly. For example, the regions near the Mediterranean coast are traditionally the most expensive in the country, which becomes especially noticeable when compared with prices in the depths of the peninsula....
Read more -
One of the best years in the history of real estate in Spain was the year 2022. Even though it has slowed down over the past two months, as seen by a decline in the volume and number of transactions compared to the previous months, the key numerical values continue to be high. What can we anticipate for the Spanish real estate market in...
Read more
