News and articles, page 26

In 2022, the municipality of Santa Cruz de Tenerife recorded the largest increase in residential real estate prices in Spain, as evidenced by data from the Idealista real estate portal. According to a report published by the portal a few days before the end of 2022, in Santa Cruz de Tenerife, the capital of the province of the same name on the island of Tenerife, housing prices increased by 18.7% over the year, resulting in the cost per square meter reaching 1,712 euros. For context, this is the highest point of growth since 2008....

Buy or rent? This is always a big question when looking for housing and is especially acute at the moment when prices are rising, mortgage interest rates are rising and rental rates are tending to go up. Buying a home implies having money for a down payment. In addition, it is necessary to understand the amount of savings and income in order to decide whether it is necessary to take out a mortgage or not. If a mortgage is necessary, and this is the majority of cases, it is necessary to have income for permanent mortgage...

The increase in the Euribor rate, together with the rise in prices in the residential real estate market, puts pressure on many families in Spain, forcing them to make more and sometimes excessive financial efforts to pay off mortgages for their housing or rent. According to data from a Eurostat study, in 2022, Spanish households, on average, spent 18.2% of their total income on housing payments. Such an indicator has not been recorded since 2017, which puts Spain in eighth place among the countries of the European Union in terms of...

The growth of the Spanish housing market in 2022 affected not only the commercial segment, but also the subsidized real estate segment. This happened, of course, not equally with exceptions, but there were enough areas where prices for such residential real estate showed a significant increase. According to a study by the Spanish Mortgage Association (AHE), which was based on data from the Ministry of Transport, Mobility and Urban Development (Mitma), in a total of 23 provinces of Spain, the estimated cost of subsidized housing...

In 2022, the primary real estate market of Aragon, the market of new buildings, surpassed the sales levels of previous years, even though the average prices in the region increased by 3% over the year. Due to the extremely high demand for new real estate, residential first of all, the past year has been an extremely positive period for the modern market — says Luis Alberto Fabra, Director of the Department of Real Estate Market Research at the University of Zaragoza. New buildings attract buyers with the characteristics that existing...

The current year will bring a whole range of challenges and opportunities for the Spanish economy, including its tourism sector and the related real estate market. «Unpaid leave». In 2020, this word was «rediscovered» by economic analysts and politicians from different countries, when it became impossible to ignore the accumulated problems in the global economy over decades, the multiplication effect of the global pandemic. In 2023, another word is added to this word, forgotten by many — stagflation. The next stage in the imminent...

According to the industry analysis of DBK from INFORMA (a subsidiary of Cisco), a leader in providing commercial, financial and marketing information to the Spanish and Portuguese markets. The review also focused on the retail market associated with the sale of furniture. In 2022, its sales in the «for home» segment increased by 18% to 3.35 billion. euro. Thus, the market recovered almost all the losses associated with the COVID-19 outbreak in 2020. The post-pandemic recovery in demand for new real estate, as well as the growth of...

The hype in the real estate market of Malaga does not stop in whipping up the hype. Demand and sales are high not only in the provincial capital, but also in the outback. According to the final data, 2022 ended with a 13.5% price increase for the region, which fixed the average bar at 2,790 euros per square meter. Thus, buying a house today in Malaga will cost an average of 300 euros more expensive than at the beginning of 2022. An average house that can be found on the local market with an area of 80 square meters will cost about...

At a time when the world is plunged into an economic crisis, pushed by record inflation, the real estate market continues to be a «quiet bay», a safe asset for investors. This also highlights the profitability of real estate, which turned out to be «explosive» in the last financial year. Salamanca turned out to be one of the best regions of the country in this indicator. According to the data of the College of Real Estate Inspectors of Spain, the capital of the province of Salamanca alone, back in September last year, showed an...

Ourense has become the only Galician city in which the number of empty houses has increased over the past 10 years. According to this indicator, it has already overtaken the cities of Vigo and La Coruna, despite the fact that they are three times larger in population. This all obviously complicates the situation on the local market both in the rental and home purchase segments. According to the annual report of the Galician Federation of Real Estate Companies (Fegein), today there are more than 16,550 empty houses in Ourense. This is...