News and articles, page 21

The Spanish housing market performed very well in 2022. According to the latest data published by the National Institute of Statistics of Spain (INE), home sales increased by 10.8% in annual terms in November last year — over 55,300 transactions were concluded. This is the highest figure for November since 2007. These figures made November a success becoming the 21st month with positive dynamics. An increase in secondary market transactions triggered an increase in real estate transactions in November. It was 14.3%, or almost 45,200...

Buying a home is a complex task that requires many complicated and unforeseeable decisions. It is difficult to find key ones that can play a decisive role in future home purchases. One of the important questions is how to choose a mortgage: where to get it, which one and on what terms. Traditionally, in Spain, as in most world real estate markets, there are two main types of mortgages: fixed and floating-rate loans. However, another type of loan is becoming popular. This is the so-called mixed mortgage. ...

Cushman & Wakefield has published an annual report on the commercial real estate market in the retail and shopping mall segments. The study analysed the retail situation in Spain, including an analysis of the last two post-pandemic years. The report states that there are 11.5 million square meters in 410 properties for shopping malls in the country, and this figure will grow in the coming months. In 2022, "Plaza Canalejas" (in Madrid) and "Open Mall" (in Lanzarote) added about 63,000 square meters of new space. ...

Inflation, rising interest rates, tightening bank lending and rising construction costs are the major challenges for real estate investments in 2023. In times of uncertainty about the future of the global economy, according to forecasts, home sales will fall by about 15%, and prices will be adjusted. Despite this, experts believe that there are safe and profitable market niches. Sergio Espadero, Director of Consulting and Evaluation of the Tecnitasa group, speaking at the "Real Estate Investment Strategies in the Current Situation"...

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 euros. The report also shows that investor activity in the market has slowed down since the summer of 2022 anticipating the trend that the market will see in the first half of 2023. Asset...

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. Let us consider how 2022 performed on the Spanish real estate market and its future prospects. Content: Sales in 2022

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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, residential real estate prices rose only in January by 9% year-on-year. Rental rates have increased by 8%, and Madrid is not the most expensive of the country's cities. ...

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 people employed in this sector was 173,500, which is 18,700 more than at the end of 2021. For the first time, the number of workers in this sector exceeded 170,000. Moreover, according to...

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 recent report, "Economic Outlook for 2023," ING points out that interest rate growth probably peaked late last year. As part of the report, the group also analysed the dynamics of the main...