News and articles, page 36

House prices in Spain are growing everywhere, but at different rates, which leads to an increase in the gap between the most expensive and the cheapest regions of the country, according to Caixabank. In the first quarter of 2022, San Sebastian (Gipuzkoa) became the city with the most expensive price of residential real estate in Spain. The square meter of housing in the capital Gipuzkoa exceeded the mark of 4,200 euros, as reported by the data provided by the Ministry of Transport, Mobility and Urban Development. For comparison, one...

The real estate market in Castile and Leone is preparing for a crisis by adjusting the prices of secondary market housing. Most of them are already 30% cheaper than in 2008, at the peak of the «boom» in the sector. The region cools the market before the active phase of crises, so that the fall does not turn out to be fatal. According to the report of the real estate company Idealista, at the national level, Spanish residential real estate is only getting more expensive. Prices have already reached almost 1,900 euros per square meter....

In 2022, the Principality of Andorra is experiencing a real «boom» in the real estate market. The increase in the number of buyers, local and foreign, forces construction companies to launch new projects that attract even more people, including investors, looping the situation. The described trend, which began after the end of the acute phase of COVID-19 in 2021, led to a sharp increase in demand for housing, the creation of a shortage of goods on the market, an extremely active price increase, new construction, a new increase in...

One of the most important expenses in a person's life is buying their own house. Along with buying a car, this is one of the most demanding financial decisions that a layman can take to prepare and plan. In the last few years, a huge number of Spaniards have taken care of buying their own homes, largely due to the large savings accumulated during the pandemic and incredibly affordable credit conditions. According to the research of the real estate portal Fotocasa («Study of the housing market in 2021-22»), since the beginning...

The European Central Bank (ECB) has already raised the key lending rate twice in 2022, ending more than a decade of extremely cheap money that the general consumer could get negative rates. At the same time, the increase in the cost of lending this year was the highest in the last 22 years. While uncertainty in Europe is growing, the US is already sending signals of its intention to raise lending rates further. ECB President Christine Lagarde has admitted that there are no restrictions on raising rates now in the face of inflationary...

One of the most serious problems that a homeowner in Spain may face is squatting or self—occupation of housing. In most cases, we are talking about the behavior of vulnerable social groups deprived of any "roof over their heads", which is expressed in the search for an empty house and, in case of prolonged absence of the owners, their unauthorized seizure for the purpose of further residence. As a result, in most cases, the second homes of certain owners suffer. Over the years, the number of squatting cases in Spain has only grown...

In 2022, the City Council of Jerez (Jerez de la Frontera, Cadiz province) approved the construction of 488 residential buildings, which significantly exceeded the volume of construction in the city last year. Of the specified number of construction licenses, 162 permits were granted for the construction of residential facilities in the historical center of the city. In addition to actively attracting private investment for such construction, the municipal authorities of Jerez are confident that they will be able to launch a...

At the moment, few people have doubts about the onset of a new recession in the global economy. Many wealthy individuals, investors, and companies are actively searching for "quiet bays" for their savings. Various assets are being used, including real estate. However, what should those who want to buy real estate purely for their own use do? Is it a good time now? What things should I know about? To date, an ordinary buyer needs to keep in mind three key points of the right choice of real estate, especially in the case of buying...

In the current period of uncertainty in the world markets, some large international companies from the field of alternative investments have decided to double the volume of their assets in Spain. The American Castle lake Foundation, formerly TPG Credit, announced in the summer of 2022 that it had chosen Madrid as the location of its new office, which would work for the whole of southern Europe. New headquarters were opened in Spain by AEDAS Homes, as well as Socimi Milleniums. Representatives of the companies point out that Spain,...

According to the statistics of the real Estate Registry of the Association of Real Estate Registrars of Spain, from January to June 2022, more than 328,000 residential units were registered on the Spanish real estate market. Such a volume of transactions on the market has not been observed since the beginning of 2008. In quarterly terms, both quarters of 2022 performed well, however, it was the first one that became the leader. In the first three months of this year, about 164,300 real estate transactions were concluded on the...