News and articles, page 58

In the first quarter of 2022, the number of office spaces in Madrid and Barcelona grew rapidly. The size of the combined area of these properties is approximately 225,000 m2. In the Madrid market, the area of these offices is 130,000 m2, which is 30% more than in the same quarter of 2021. The Barcelona market has reached 95,000 m2, which is 25% more than in the same quarter of 2021. The consulting organization Cushman & Wakefield announced contracts for 125,000 m2 in Madrid and 92,000 m2 in Barcelona. In addition, the...

The dynamics of rental prices for Spanish real estate remains uncertain, as the government has introduced measures to limit monthly growth to 2%. If the purpose of this innovation is to establish a level that prevents the rapid growth of rents, it will not be easy. In the first quarter of 2022, the average rental price in Spain reached 10.14 euros per m2. It grew by 1.6% over the quarter and by more than 5% over the year. The most expensive cities for rental housing were Barcelona with 17.75 euros per m2, Madrid with 15.59 euros per m2, and...

Cadiz is an important location for the luxury real estate market in Spain. It is ranked among the 10 provinces with the largest number of premium homes in the country. 73% of them are located in Malaga, Madrid, Barcelona, and the Balearic Islands. In August 2021, there were 774 housing deals in the province, the cost of which exceeds 1 million euros. 90 of them were "ultra-luxury", that is, their price was over 3 million euros. The purchase of luxury real estate is not limited to the residential market. Large hunting and...

The Spanish real estate market is experiencing one of the best times since the 2008 crisis. The end of the COVID-19 pandemic has brought with it a lack of supply, which is making itself felt. According to experts, it has decreased by 17% over the past year due to rapidly growing demand. Amid this situation, houses in Spain are sold for a few hours, and they are expensive and cost a lot of money. They will not decrease in prices for a long time (buyers no longer bargain, because they know that someone else can get the offer). Due to...

Many home hunters who select their overseas property online sooner or later face the need to go to the country where they are buying property for a viewing tour. A live inspection of the house and the neighbourhood is important as it allows you to make sure that the housing meets all your requirements. However, organizing an international trip is not always easy, even in "normal" times. The process becomes even more complicated with the pandemic that affects the way we travel to other countries. Today, many potential buyers want to...

After two years of uncertainty in the dominant sector, investors have turned their attention back to various real estate sectors. Encouraged by the recovery of the tourism sector and low interest rates, investors are looking for ways to turn their savings into profits. The pandemic is gradually disappearing, and the real estate market is emerging victorious from the crisis. However, there are new reasons for uncertainty, driven by the conflict between Russia and Ukraine. Anyway, after the pandemic, hotels have become one of...

Spain is suffering from an "investment fever" in the residential real estate sector, and new housing is in the greatest demand on the market. There is a shortage of real estate to meet the demand, especially given the large savings accumulated by investors during the pandemic. The desire to find a safe haven for cash under rapidly growing inflation also plays an important role. In his introduction to the annual report on the housing market of Engel & Völkers, Gonzalo Bernardos, Professor of Economics at the University of...

Housing prices keep rising faster than the salaries of residents of most countries of the Organization for Economic Cooperation and Development (OECD). Although Spain is not in danger of a "financial bubble" in the real estate sector, the imbalance of rising housing prices to salary growth in September 2021 was almost 20% higher than in 2015 (the base year for statistics). At the same time, the Netherlands, New Zealand, Portugal, and Luxembourg have values 40% higher than those of seven years ago. ...

Real estate crowdfunding startup Bricksave, co-founded by argentinean Sofia Gancedo, is diversifying its portfolio and expanding its activities in countries such as the USA, Portugal, Spain, Austria, and Switzerland. The company has completed financing of over 150 properties in cities such as Miami, Chicago, Detroit, Vienna, Barcelona, and Lisbon. The volume of investments reached $20 million, and their profitability amounted to $3 million. But having gained a foothold in some of the key real estate markets of the planet, the...

The name of Luis Medina (Abascal) became widely known only a week ago. This happened after a Spanish court accepted a complaint filed by the Anti-Corruption Prosecutor's Office against the son of Nati Abascal, Duchess of Feria, as well as businessman Alberto Luceño, about overcharging when purchasing masks. The masks were purchased for the Madrid City Council in March 2020, at the very beginning of the pandemic. According to the Prosecutor's Office, both businessmen used "their friendship with a relative" of Mayor José Luis...