News and articles, page 22

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 mortgage loans, which have become unaffordable for a wide range of real estate buyers and, as a result, slowed down the market growth over the past 12 months. ...

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 highest demand from buyers. Idealists' analysis focused on the cities where new sales announcements were published in the last four months of last year. There were over 1,300 ads, on average from...

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 purchasing power of the population and the level of income do not go well with expensive mortgages. It is worth noting that the banks themselves are tightening the conditions for issuing loans to...

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 have paid attention to small transactions. If there is a price adjustment in the future, we will first consider its timing and prospects before making decisions. We are ready to start full-scale...

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 order to choose a favorable price for a successful sale can overcome dozens of points. Therefore, it can be quite difficult to try to take all this into account, taking into account also the current...

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. Let's turn to the Idealista report for Q4 2022. According to the report, the ranking of the most expensive cities in Spain has not changed since the end of the third quarter (September...

Against the background of constantly rising prices for residential real estate, information about cities and regions with affordable offers that adequately combine the cost and the quality provided for it is becoming increasingly important. This information was recently shared by the Idealista portal, calling the city of Almeria the cheapest of the major cities of Andalusia for buying real estate. As of December 2022, the average price per square meter of residential real estate in Andalusia has increased by 5.7% over the past year....

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 2023? Content: Predictions for 2023 from industry experts

The Portfolio business publication interviewed Martin Monson, CEO of the Colombian real estate company FincaRaiz, which conducts its business in several markets, including Spain and the United States. Monson spoke in detail about the plans of their platform for growth this year, described the context of the current macroeconomic situation, technologies and how this will affect the real estate markets. In an interview, the CEO of FincaRaiz also highlighted the growing popularity of the Colombian real estate market. ...

In 2022, the construction of a brand-new premium complex La Pinada Nature Resort in the Spanish Finestrat began. Housing sales in the complex have begun, and investors consider the project to be one of the most successful not only in Spain, but throughout Europe. To understand the reason, let’s take a closer look at the residential complex, its location, price and quality and compare it with other projects. Unique mansions with the best...