News and articles, page 41

Majorca and the Costa del Sol are home to the most luxurious villas, mansions, and chalets in Spain. Premium real estate can also be found in some provinces, such as Cadiz. Local residential properties attract both Spanish and overseas buyers. In addition to being one of the most expensive units in the country, these luxury homes can boast first-class service and the latest technologies, such as automatic blinds that rise and fall depending on the time of day, autonomous air conditioning, and smart home appliances. ...

The Balearic Islands offer the most expensive holiday homes in Spain. The average cost per square meter in the first quarter of this year was €2,466. The most expensive is the purchase of real estate on the island of Ibiza. Here, prices per square meter reach €3,268. Moreover, according to the report "Housing on the coast 2022" published by Tinsa, the Balearic Islands are characterized by the largest difference between the cost of primary and secondary real estate. The total average cost of primary and secondary real estate in the...

Activity in the Spanish real estate market will gradually decline in the second half of 2022. The reasons will be higher construction costs and lower purchasing power as a result of higher ECB interest rates and historical inflation highs. This is the conclusion reached by Sociedad de Tasación in its Mapa del Tiempo Urbanístico study, which refers to the second quarter of 2022. The study also made a forecast of the situation in the Spanish real estate market for the coming months, taking into account the uncertainty of the modern...

Warren Buffett, the legendary investor and CEO of the American holding company Berkshire Hathaway, seeks to strengthen his position in the Spanish real estate market and become a leader in the luxury housing sector. Buffett's company HomeServices Spain, together with the AX Partners investment fund, is targeting Barcelona and the Costa Brava. Recently, the construction of 28 luxury Mediterranean-style villas has begun in the Villpineda complex, located in the Barcelona city of Sitges. ...

AQ Center, a real estate division of the Aquila investment fund, has turned the province of Malaga into one of its benchmark locations in Spain. The proof of this is the construction of over 1.2 residential units on its territory, which will soon be sold and leased. According to the statement of the division, the off-plan property will be ready to move in in the second half of 2023 and the first months of 2024. Residential properties are located in Malaga (city), Estepona, and Rincon de la Victoria. ...

Despite the crisis trends and the threat of inflation, the number of apartments sold in L'Hospitalet and Baix Llobregat continues to grow. According to the latest quarterly economic report prepared by Llobregat Business Forum, this indicator increased by 25% compared to the months prior to the COVID-19 pandemic. And this is despite the fact that the cost of new buildings also continues to grow. In the first half of this year, it has risen by 2.5% compared to the first quarter of 2019. While these trends are positive, professionals do...

After four years of construction, Delfin Tower residential complex, located on the first line of Levante Beach in Benidorm, is finally available for sale to future residents. It is an elite apartment building for "local and foreign buyers with high purchasing power." In fact, the sale of one of its top-floor apartments for €2.8 million was the most expensive deal in the history of the tourist capital of Spain and one of the most expensive deals on the Costa Blanca. Delfin Tower was erected on a plot next to the legendary five-star...

According to the Fórum Empresarial del Llobregat (FEL) report on the economic situation in the real estate market of L'Hospitalet and Bajo, in the province of Barcelona, the pace of real estate sales during the 2nd half of 2022 has already exceeded that of the pre-pandemic months of 2019. However, the growth of interest rates for mortgage lending can still correct the market movement. But so far, despite the developing crisis in the global and national economy, as well as the threat of inflation, sales of apartments in L'Hospitalet...

The global financial crisis of 2007-08 provoked a whole cascade of crisis phenomena in the economies of many European countries. For Spain, the Great Recession led to the brick manufacturing crisis of 2008, which lasted almost a decade. By the end of the 2010s, it was finally overcome, the construction sector and the country's real estate market are now approaching pre-crisis levels, but new issues come. However, for now, the real estate market, which has recovered from the pandemic, remains the engine of the Spanish economy. Even...

Spending days on vacation in the coastal cities of Spain, many people often ask themselves: “What if I invest money here and buy a house?”, “Maybe a penthouse with a sea view?”, How much does such property cost in general and how much should a buyer pay?”. These are the questions that Idealista, a real estate portal, receives. And, having performed a market research, the portal got interesting information. According to Idealista, there are about 8,000 penthouses offered for sale on the national market today. All of them are located...