News and articles, page 48

Spain's secondary housing market has been booming in recent months. According to the Idealista real estate portal, in annual terms, prices for such housing in the country increased by 8.2% in the first quarter of 2022. Such a rise has not been observed over the past 15 years, although such an increase is associated with a not the most positive trend — the overheating of the market in recent months. Due to this overheating, only in May 2022, prices for secondary housing in Spain increased by 0.9%, reaching 1,869 euros per square meter. The...

At the end of April, the autonomous city of Ceuta became one of the leaders of the real estate market in Spain. A small semi-enclave of the country on the northern coast of Africa, next to Morocco. According to the latest available data for April 2022, the real estate market of Ceuta has become one of the largest in terms of housing sales in the country. The annual growth of this indicator was 48.3%. The difference between an autonomous city and other autonomous communities in Spain is enormous. If in Ceuta the annual increase for...

Spain traditionally attracts foreign investors and its real estate is popular and in demand among citizens of Great Britain and Spain. These countries are the leaders in the number of transactions among foreigners. According to the Spanish real estate registry, by the fourth quarter of 2021, the number of transactions by foreigners achieved the level reached before the pandemic. In Spain, there is a wide selection of real estate for different budgets. Let's consider the amount you need to invest in the country's housing...

People have always been attracted by the idea of owning their own housing. It can be two houses or even three. This prospect is especially attractive for those who see themselves as a future investor, homeowner and landlord. However, often buying real estate, for example, for the purpose of renting out, may turn out to be not just an unprofitable and unpromising option for investment, but a catastrophic black hole for savings. Especially if the reason for this was the wrong choice of time and place to buy. ...

Statistics on real estate transactions in Spain for May 2022 have been published. Top cities and outsiders According to the latest data, there were 63,921 real estate sales transactions in May 2022, representing an increase of 7.33% yearly. The total transaction number has grown in 13 autonomous communities. The largest increases were registered in the Canary Islands (34.8%), the Valencian Community (16.1%), Extremadura (13.1%), Aragon (12.5%), and Cantabria (11.8%). An average growth rate was...

You can observe the development of the situation on the example of the real estate market in Barcelona, where dozens of Europeans conduct large and covert operations to buy luxury homes and other elite property. According to local experts, buyers do not have big problems with the purchase of objects themselves, the main thing for them is to find ways to export funds from their accounts in Europe and other countries to Spain. If funds are already available on local accounts, then the acquisition of Spanish real estate does not cause any...

Renting and buying real estate in Campo de Gibraltar is becoming more and more expensive, even despite the economic problems caused by the pandemic and the current international situation. There is a steady increase in demand, sales and, as a result, prices in the local market. The highest price increases were recorded in the municipalities of Algeciras, Los Barrios, La Linea de la Concepcion and Tarifa. At the same time, both the secondary market and new buildings are growing. According to Lucas Carrasco, a member of the board of...

The real estate market of the city of Marbella, the Comarca of the Costa del Sol, is in an extremely «hot» state today. Demand, sales, prices are growing. Against this background, Sierra Blanca Estates, the largest developer of luxury real estate in Marbella, presented to the public its new project — a megacomplex of premium villas with a luxury hotel and a large shopping center. The new project, to which Sierra Blanca has given the name «Marbella Design Hills», is really huge. It will occupy an area of 80,000 square meters, and the...

The problem of «emancipation» of young people on their way to buying their first real estate is a structural problem that Spain has been dealing with for many years. According to the latest data published by the Spanish Youth Council, only 17.3% of the population aged 16 to 29 years are «emancipated», that is, they have enough freedom and opportunities, primarily financial, to purchase their first home. This is the lowest figure in the last three decades. Both labor market participants and representatives of the construction sector...

The hotel real estate sector in Spain is showing pronounced signs of recovery, which is confirmed by sales data for the first quarter of 2022. In the first three months of the year, in annual terms, the total amount of sales in this market segment increased to EUR 995 million. This is three times more than the results of the first quarter of 2021. According to CBRE, a real estate and investment services company, the first three months of this year can be confidently called the best period among similar ones over the past 10 years. At...