News and articles, page 40

Although summer is a time of rest and vacations, there are enough reasons and people who choose August as a period for large real estate purchases. Armando Lasauca, CEO of the real estate agency aProperties, is one of those people who popularize real estate purchases during this period. He believes that, based on the data available to his company on the dynamics of the Spanish market, it is in the summer that most families decide to buy a new house. This observation is true for the coastal regions of the countries. ...

Housing security is one of the most important factors for a place of residence. The Spanish Insurance Business Association (UNESPA) conducted a study of the number of thefts in insured Spanish homes, identifying 3 leaders among the country's major cities in the number of such incidents. These are Granada, Pontevedra and Ciudad Real. The number of burglaries is significantly higher than the national average. Ceuta, Aviles and Lorca have the lowest theft rate. The analysis of the UNESPA was based on the data of the real estate company...

Although Gipuzkoa tops the ranking of the most expensive regions of the Basque Country, there are several cities on its territory where you can buy a house for less than €1,600 per square meter. With an average indicator for the province in May 2022, the price of housing was above €3,200 per sq.m. The Basque residential real estate market has remained and continues to be one of the most expensive in Spain. Only Madrid and the Balearic Islands bypass this region in the high cost of housing. In the first case, the buyer will have to...

Investments in the residential real estate sector in Spain continue to grow, and the co-living and co-ownership sectors are becoming increasingly popular. During the first half of 2022, there were about 3,900 transactions in the sector, and total investment exceeded €433 million, accounting for 18% of total investment in the country’s real estate sector, according to CBRE in Spain. This volume of investments means a 12-fold increase from the indicators of the first quarter of this year, when the sector received €35 million, and a...

According to statistics for the first half of the year, the investment attractiveness of real estate in Spain continues to grow in 2022. Commercial premises with 10.9% profitability are the most profitable units. The hottest trend in the Spanish commercial real estate market is street retail. What it is, what profitability it brings, and how the pandemic waves and other international factors have influenced it, will be discussed below. Content

The economic recovery after the COVID-19 pandemic has reduced the price bubble in the market, as developers can again build new real estate and expand supply to meet new demand in the capital of Spain — Madrid. In addition, Leon has recorded excellent rates of new housing on the market. The number of new buildings in this region without buyers reaches 8,060 units. This is 32 more properties than it was at the end of 2020. Leon demonstrates the Spanish market’s attempts to combat the rising prices and the shortage of housing supply...

In recent months, Lugo has been attracting more and more foreign nationals to buy local housing. Lugo's market is lively, with wide and varied offers and affordable prices, lower than in other areas of Galicia. Prices in Lugo are also lower than in the countries of most foreign buyers, allowing them to save over €150,000. Additionally, they often save up to €200,000 for housing repairs. Mark Atkinson and Rosy Costoya, founders and owners of founders and owners of Galician Country Home, a service company operating in the real estate...

According to Idealista, on average, in Spain, there is one for every five apartments with a swimming pool. Therefore, in the total housing stock of the country's apartments, 19.1% are apartments with a swimming pool. In Leon, there is one apartment with a swimming pool for every 100 residential properties. That is, only 1.3% of the province’s total number of apartments belong to this category, and their cost is 65% higher than that of analogues. On average, the price for such real estate in the country is 54% higher than for ordinary...

According to the report of the Idealista real estate portal, prices for Spanish residential real estate on the secondary market recorded an increase of 3.4% year-on-year at the end of the second quarter of 2022, reaching an average of €1,890 per sq.m. The record for many regions, but collectively still 8% below historical highs, was recorded in June 2007. Major markets such as Madrid, Palma and Malaga can boast record figures that surpassed the historical highs of the market boom before the 2008 crisis. In Madrid, the cost per square...

Spain attracts foreign investors with its wonderful climate and well-developed economy. Many people decide to invest in residential real estate in Spain, as commercial properties provide ample opportunities for income generation. You can start a business by either purchasing an already existing firm or buying unoccupied premises and starting from scratch. Let us consider which option is more promising. Content: Purposes of purchasing