News and articles, page 68

Madrid is the region that creates 60% of social housing in Spain. This applies to the most economically and socially vulnerable segments of the population. It is worth noting such a project as “Proyecto Vive”. This is a plan to create 5,400 homes for rent at 40% below the market price. Paloma Martin, the Minister of Environment, Housing, and Agriculture of Madrid, said that over 900 residential properties for low-income people had been commissioned since June 2019. One of the social housing projects in Vallecas, a...

Madrid, Barcelona and San Sebastián are on top of the most expensive cities to buy residential property in Spain. Prices in these cities range from 7,750 to 11,000 euros on average per square meter. Tecnitasa, the real estate appraisal company, provides this information. The cost of residential real estate in Madrid increased by 6% and exceeded 11,000 euros per square meter. The most expensive real estate in Spain is located on the Calle de Serrano street in the center of Madrid. ...

The same real estate budget can give you various options in different regions of Spain. They will differ not only in prices but also in quality. 3,990 euros per square meter in Madrid is not the same as a square meter in Barcelona, though at a more expensive price of 4,200 euros. With 200,000 euros, you have many opportunities. It may be a small apartment in a busy area of Madrid or an expensive villa in remote areas of Seville. So what can a person with 200,000 euros in an account in the Spanish real estate market...

After two years of negotiations and disputes, the Council of Ministers finally approved the new housing law of Spain. The adoption of the law took place on February 1, 2022. After that, the bill will be sent to the Spanish Parliament. Now, for final approval, the text must be coordinated with the government's parliamentary partners, who have already announced the availability of amendments. It should be remembered that this is the first law that is being introduced into the rental market on an international scale. With its help, the...

In Spain, the demand for buying real estate to preserve investments is growing again. In 2021, 23% of secondary real estate transactions were carried out by individuals for investment purposes: they were made by buyers seeking to make a profit from their savings. This indicator is four points higher than in 2020 (19%), and corresponds to the data recorded before the pandemic. This is reported in the latest report on the housing market prepared by the Tecnocasa group and the Pompeu Fabra University (UPF). ...

Reducing energy consumption with the help of energy-efficient appliances and low-energy lighting can halve the energy consumption of real estate. Now this issue is one of the main ones on the world agenda. Various studies show that 40% of CO2 emissions come from buildings. In the conditions of economic recovery, funds coming from the EU «Next Generation» funds are directed to decarbonize the Spanish residential sector, which will contribute to energy efficiency. In this regard, the Government decided to allocate 6.82 billion...

Reducing energy consumption with the help of energy-efficient appliances and low-energy lighting can halve the energy consumption of real estate. Now this issue is one of the main ones on the world agenda. Various studies show that 40% of CO2 emissions come from buildings. In the conditions of economic recovery, funds coming from the EU «Next Generation» funds are directed to decarbonize the Spanish residential sector, which will contribute to energy efficiency. In this regard, the Government decided to allocate 6.82 billion...

Picasso, a leading real estate platform that implements the concept of co-ownership of luxury real estate, has launched an international expansion plan. For these purposes, the company has chosen Spain, namely the Costa del Sol, where it will sell luxury villas. In September, the Silicon Valley company announced $125 million in funding from SoftBank and plans to expand operations in Spain. After that, the corporation began to rapidly select a highly qualified global team to organize operations in other European countries. After...

In 2021, the state and city administrations commissioned residential facilities in the amount of 840.1 million euros. 81% was for new construction, and the remaining 19% was for reconstruction. The growth of tenders In 2021, there was a significant increase in tenders for public housing. The organizers of such tenders were the administrative units of Spain. For the whole year, projects totaling 840.1 million euros were implemented, which is 26.2% more than a year earlier, according to data published by the...

Murcia district has become one of the most inexpensive autonomous communities in terms of housing prices (1,071 euros per square meter). Only Extremadura is cheaper with 940 euros per square meter. From this point of view, prices for secondary housing in Murcia fell by only 0.1% in January. As for the provincial capitals, the city of Murcia also ranks second with the lowest house price. It is 1,068 euros per square meter. Lleida takes the first place with 1,035 euros per square meter, and this is the lowest figure in the country...