News and articles
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The real estate market in Spain began on an optimistic note in 2022. The first quarter marked record sales, but the situation changed with the start of the special operation in Ukraine. Rising energy prices have had a negative impact on the financial viability of European buyers against the background of a weakening economy following the pandemic....
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Real estate investment in Spain reached record levels in 2022. According to the "Real Estate Investment Report for 2022" prepared by Catella, the total volume of investments in Spanish real estate was about 16.4 billion euros, which is 30% more than a year earlier. When considering corporate transactions, the volume will increase to 17.5 billion...
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La Pinada Nature Resort, a unique residential complex from the developer La Pinada opens its doors to everyone! A new generation project in Finestrat is available for free. This means that potential buyers can appreciate the highest quality of construction and decoration, feel the indescribable atmosphere of this area and admire the natural beauty...
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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,...
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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...
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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...
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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...
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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...
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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...
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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...
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