News and articles, page 50

Coliving is becoming a popular branch of the real estate market. Unlike cohabitation, where several owners live together in the same building, this is the case of users who rent housing. It can be a studio room or an apartment that includes common areas for spending time with neighbors, from a cinema or a meeting place with a shared kitchen to an office and a work area. This type of housing has become extremely popular with young workers who have recently arrived in the city. According to Ana Martinez, director of operations at Urban...

The steady growth in demand for new buildings and their rising prices have made this type of property one of the most profitable investment options in the housing market. It provides one of the safest "havens" during rising inflation, taking into account the fact that the estimated value of new units is always higher compared to other property types, Due to the high quality of modern housing units and the fact that they are suitable to modern buyers’ requests, investment in this market segment will continue to grow both for long-term...

When the summer comes, the idea of having your own house on the beach always becomes more attractive. The tourism sector is one of the key factors for the real estate market growth in Spain. Sales and property prices rise with the return of foreign tourists, an increase in domestic tourism after the pandemic, and the growing attractiveness of coastal areas in the country. Some Spanish regions grow very actively. La Zagaleta is one of the areas with skyrocketing prices. Perhaps, it is one of the most luxurious and expensive...

When buying property in Mallorca, the parties involved in the transaction face associated costs in the form of taxes, charges for the notary and lawyer, and various other fees. Let us review the once-off and fixed additional costs that occur in the process of acquiring Spanish housing. Content: Expenses with the sale of a property Personal income tax Municipal capital gain tax Other expenses ...

"Proptech" can define the future of the real estate sector. This concept covers companies that use modern digital technologies to enhance the value of properties on the market. And it's not just about the construction cost or the final price tag on the product. In the global investment ranking of the real estate market digitalization, Spain is in second place after the United States of America. It is because “digitalization” has become a more pronounced key player in the market. ...

House hunting is never easy, especially when it is about buying a home. When it comes to purchasing, it is necessary to consider several factors, including the amount of available savings, salary, mortgage options, and the location of the desired property. However, there are some other points. When buying a home, factors like the season are hardly ever taken into consideration. Hitting the real estate market during the summer months, when many properties are reserved for vacation, is significantly different from entering the market...

Spain has a serious lack of residential property available for rent. During the next two decades, the local real estate market will need huge, multi-million dollar investments in order to bring supply in line with demand. Currently, every fourth family in Spain lives in a rented dwelling. It is estimated that housing rentals will only gain popularity among buyers, leaving classic property purchases far behind. This is due to factors such as rising real estate prices and difficulties in getting a mortgage loan. Socio-cultural...

Residential property sales in Andalusia, as elsewhere in Spain, continue to break records nonstop. In March of this year, the Spanish National Statistics Institute (INE) recorded 12,248 real estate transactions. This is the highest figure for any month since January 2008. The same pattern emerges in the whole country. In Andalusia, the results in March 2022 were 37% higher than in March 2021. At the same time, the increase was 25.6% in the whole Spain. The Autonomous Community also took third place in the national rating. The...

The financial sector has entered a long hallway of economic problems in Spain. In the last year, to today, the euro has lost almost 8% of its value against the dollar. This is the result of such factors as the rise in interest rates by the US Federal Reserve. Nowadays, the exchange rate is 1.07 US dollars per 1 euro. This is the lowest rate since 2017. Some investment banks, such as JP Morgan, and also analytics firms such as CMC Markets and Capital Economics, suggest that these two currencies will reach parity this summer. This will...

In 2022, demand for residential property remains almost the same as pre-pandemic levels. This will mainly happen due to the increase in demand for second-hand housing and, most importantly, due to the growing housing demand among Spanish people. As for new homes, by the end of the fourth quarter of 2022, prices for new buildings will rise by 4.4% at the national level. House prices will grow by 3.4% on the secondary market. The market data described below was gathered and analyzed by the CBRE residential research division, a leading...