News and articles, page 39

The Spanish Buyers and Consumers Organization (OCU) surveyed residents from 15 major cities in the country to determine their quality of life. The organization has an interesting list of the most comfortable regions to live in modern Spain, in which Vigo unexpectedly ranks first, while the capital of the country was only in 6th place. The main factors in the rating were cultural and sports leisure, reasonable cost of living, developed infrastructure, including for children, public transport and mobility, digitalization, climate and...

The National Association of Real Estate Agents of Spain (ANAI) signed a cooperation agreement with Colombia and Ecuador during the 7th Latin American Real Estate Congress. The main goal is to promote the free movement of investments and synergies in this sector on both sides of the Atlantic. This is not the first step that ANAI is taking to gain a foothold in the South American real estate market. Similar agreements have been concluded in Guatemala, Peru and Argentina. In addition, Costa Rica is expected to join this list. Anna...

Although prices for luxury residential real estate continue to rise around the world, in the largest cities of Spain, prices are growing much slower than the global market average, determined by the world’s largest megacities. According to the latest report "World Cities Index for Premium residential real estate" published by the consulting company Savills, in the first half of 2022, the Spanish cities of Madrid and Barcelona showed the most restrained growth in both rental rates and premium property prices among other global markets...

The long-anticipated new global economic crisis has begun to take shape. Recent data on the economic state of the People's Republic of China indicate a slowdown in economic growth in the last (II) quarter, which was only 0.4%. Although this step for the Chinese economy is planned by the government, it still affects the global economic system. Analysts are concerned about the situation in China's real estate sector, which may collapse due to the huge debt of companies and problems in the pipelines of the largest construction companies...

According to the National Institute of Statistics of Spain (INE), in the first half of 2022, the average cost of opening a mortgage loan in annual terms grew by 23%. Nevertheless, residential property sales continued to grow by 18.8%. Against the backdrop of an ever-growing market, more and more people are wondering whether a new "bubble" threatens the real estate market in Spain? Almost half of the Spanish polled by Fotocasa Research reported fears about the future of the Spanish market. In the report "An inside look at the real...

The Spanish real estate market continues to break records. According to the National Institute of Statistics of Spain (INE), sales of residential real estate only in the first month of the summer period (June) showed an annual growth of 18.8%. This has not happened since 2007. A total of 58,010 deals were concluded. At the same time, Spain's economic performance is not so positive and bright. In July, employment declined for the first time in 11 years. Many households are losing their purchasing power, and those with savings are...

Although the Spanish real estate market has coped with many changes over the past decade, there are always enough areas offering extremely elite and expensive properties to buy. Housing is almost unaffordable for the average buyer. According to a study by the Idealista real estate portal, the most prestigious street in Spain is located on the Costa del Sol. Thus, residential real estate in La Zagaleta, Benahavis, can cost almost 10 million euros. La Zagaleta is followed by the exclusive "Calle Sant Carles", located in the...

In the rapidly changing economic and international circumstances, the European real estate market is recovering after the pandemic. In 2022, the main driving force was the trend of strong growth in sales and prices for residential real estate. Interest in villas, condominiums and apartments in Europe has grown significantly, and Spain has become one of the most popular destinations. The Spanish market attracts not only an ordinary buyer, but also a wealthy one. This year, about 41% of home buyers were looking for a property for 2.5...

The secondary housing market in Spain is thriving after the end of the acute phase of the COVID-19 pandemic. The activity of the domestic buyer, the return of foreigners, the investors' attempts to find a safe haven — there are plenty of reasons for growth. Today, in the third quarter of 2022, this segment of the Spanish residential real estate market accounts for 13% of all sales, and this is the highest figure since 2017. Thus, since the beginning of the pandemic, the demand for buying a second home has increased by 44%, according...

You can often hear that summer in Spain can be a good time for many things, but definitely not for the real estate market. It is a time of heat, holidays and vacations. It seems that the entire market freezes, focusing its attention on several regions and major market segments. According to José María Basañez, President of Tecnitasa real estate appraisal agency, [compared to other seasons], there are fewer residential real estate sales on the market in summer, as those who have houses either rent them out or enjoy them themselves,...