News and articles, page 61

A Spanish Fintech startup Reental.co, engaged in real estate tokenization, said that it had sold a house in Seville with tokens in less than 4 minutes. This is considered a "record" for a company engaged in popularizing investments in this type of digital assets in the real estate market. 57 investors from four different countries competed for this house in Seville, sold in record time. As a result, the price for this property reached 69,194 euros. According to Reental.co, the yield of this house will be 10%. ...

These countries are among the most popular tourist destinations. Many foreigners invest in Spanish or Turkish properties, especially coastal properties, to increase their resale or rental income. Let’s consider which one is more profitable in purchasing a housing unit: Spain or Turkey. Content: Typical characteristics of real estate assets in Spain and Turkey Features of the Turkish real estate market Spanish real estate marke...

A new skyscraper has appeared in Benidorm, a city in Alicante. It is about Benidorm Beach, a 126-metre high residential building consisting of 36 floors. The property is located in the area of Poniente Beach, one of the areas of the most active urban development in recent years. Since the beginning of 2021, 5 major projects has been completed in the district and 3 more are underway. Alibuilding is responsible for the construction, development, and promotion of the project, and Sonneil Homes agency is engaged in sales — a...

In the first quarter of this year, investments in Spanish retail real estate reached 428 million euros, representing an annual growth of 113%. This is also a 51% increase compared to the previous quarter. The international company JLL shared this information. According to JLL, in the first quarter of 2022, a "sub-segment" of the retail real estate market associated with shopping centers received investments of 162.5 million euros. This is a 333% increase compared to the figures of the fourth quarter of 2021. ...

In 2021, the Valencian Community became the region with the highest number of residential real estate sales per capita – 16 transactions per 1,000 people. The national average is 11 transactions. The secondary market has the same situation: Alicante ranks first place in Spain in the real estate sector with an indicator of 19 points. However, in absolute terms, Alicante falls to third place, and Valencia is in fourth place. In 2021, 79,743 residential properties were sold in the region. Of this number, 67,968 transactions were...

In the first quarter of 2022, the price of residential real estate on the secondary market in Spain decreased by 0.2% to 1825 euros per m². The Idealista real estate portal shared with this data. Despite the fall from January to March, secondary market house prices are 2.3% higher than in the same period of 2021. Francisco Iñareta, Idealista spokesman, says that prices have remained stable in the first quarter of this year, although housing sales have reached the 2008 level. ...

To have permission for an extended stay in Spain, one of the most attractive places in Europe, foreigners need to obtain resident status. Registration and obtaining this status are serious and a resource-intensive procedure. What is the difference between residence and citizenship or visa? What information do residence permit applicants need to know? How to get Spanish citizenship? These are the subtleties and nuances of the legal relocation to the Southern state. Content:

In 2021, the autonomous community of Extremadura retained the lowest prices for the purchase of residential real estate in the whole country. On average, it was necessary to have about 81,000 euros to purchase a home, according to the "Statistical Yearbook of the Real Estate Register for 2021". The annual report was prepared by the Spanish Association of Registrars of Real Estate, Commercial and Movable Property (Registradores). Thus, this figure is almost 100,000 euros less than the average in Spain – about 180,000 euros...

Spanish investment funds continue to implement new development strategies. For example, the Barcelona-based real estate investment management company AX Partners will launch two new investment projects this year. Aleix Recasens, co-founder of the company, said in an interview with Idealista/news that both projects will specialize in luxury housing. Having completed the creation of the first investment fund, AX Partners has closed the second investment tranche of 23 million euros in premium residential real estate in Sitges....

Last year, Russians purchased 1,278 residential properties in Spain. More than half of this number, or 54%, were committed in Valencia. This autonomous community is ahead of other territories, such as Catalonia (21%) and Andalusia (15.3%). On the other hand, regions such as the Canary Islands and the Balearic Islands barely exceeded 4% in total. The first archipelago took a share of 2.7%, and the second accounted for 1.4% of transactions. In Madrid, the share of transactions did not reach 2%, and in five other popular...