News and articles, page 71

The cost per square meter in Seville was 1,776 euros, which is 7.7% more than last year in the third quarter, and 24.4% more since the minimum indicator, according to IMIE Local Markets statistics. As for rent, the gross yield was 4.5%, the highest in Cerro Amate. A preliminary third-quarter report by Tinsa, one of Spain’s leading valuation companies, shows that the sale price of new and second homes increased in the province more than in the capital by 9.3% compared to 7.7%. Seville is the third capital of Andalusia with the...

How to ensure you don’t lose money in the Spanish real estate market during the pandemic-induced crisis? Is Spanish real estate currently a good tool to save and increase money? Many investors are asking similar questions since the real estate market in Spain has experienced the serious impact of the pandemic. The restrictions imposed led to the closure of borders between countries and, as a result, the impossibility of the physical presence of potential buyers of foreign real estate. However, while these circumstances prevented...

The Minister of Transport, Mobility and Urban Agenda of Spain (Mitma), Raquel Sánchez, reported that the Government planned to adopt a law on the right to housing on January 18. The law will allow autonomous communities to limit rental costs. Sánchez said that they would soon receive the report of the General Council of the Judiciary (CGPJ), considered that everything was ready to transmit the bill to the Council of Ministers, and noted that they were not concerned about the content of the report. ...

Forecasts for the real estate sector in 2022 are very favorable. According to Maria Matos, Research Head and spokeswoman for one of the real estate portals, real estate investments broke records in the second half of 2021, «and everything indicates that they can continue to accelerate». As Matos notes, «real estate investments have become a haven from the uncertainty caused by the pandemic. Many individuals have decided to invest because they perceive this market as safe after a positive evolution and recovery after the pandemic»...

The real estate market in Spain is experiencing a «Golden age», which has not been observed since 2008. Taking into account all the precautions caused by the pandemic and economic uncertainty, analysts predict a price increase of about 4%, as well as, once again, very good sales figures. These figures contrast with the performance of the rental market, which could fall by 4% in 2022, according to Maria Matos, especially in major capitals such as Madrid and Barcelona. In fact, the rental price of housing ended 2021 with a drop...

The consequences of the pandemic caused a correction in the real estate market around the world. The growth of investments in Spain in 2021 amounted to 30% compared to 2020: in July, real estate sales and purchases increased by 53.5%, which is the highest figure in the last 13 years, and in September mortgage loans increased by 57.7%. Experts of Cassava say that to understand the current situation, it is necessary to understand the evolution of the real estate market in recent years. On the one hand, we see that in 2018 and 2019,...

Houses will continue to rise in price in 2022 in line with the growth of the economy and prices. There is no need to talk about a «bubble» in the real estate market. This is the most common opinion among analysts and scientists. According to Ignacio de la Torre, Chief Economist at Arcano Partners, the probability of the «bubble» is related to real estate affordability. «The problem is that properties are growing and if it rises in price by 9%, as in Germany, or by 20%, as in the USA, it may lead to the formation of the «bubble»...

In December of this year, the Balearic Islands reached a historic maximum of prices for secondary housing is EUR 3,355 per square meter, according to the latest price index of the Idealista, which was published on Wednesday. In Spain, the prices for secondary real estate increased by 2.8% during 202, and the price per square meter was fixed for a year at around EUR 1,829. Lots of autonomous communities experienced growth during 2021, with the exception of Asturias, where the price for housing fell by 1.1%, Aragon with an adjustment...

Since the beginning of the summer of 2021, more apartments have been sold in Spain than during the «boom» in the real estate market: 53,410 purchase and sale transactions were concluded in September, compared with 45,453 in September 2008, according to the latest data from National Institute of Statistics (INE). As we have repeatedly reported, the demand for housing increased sharply in 2020, and lots of transactions that could not be concluded in the year of the pandemic have now taken place. ...

The study by Idealista Internet portal shows that the price for secondary housing in Galicia at the end of December this year averaged EUR 1,345 per square meter, which is about EUR 500 lower than the average for Spain, which is EUR 1,829. The increase in the cost of real estate in Spain as a whole amounted to 0.9%. Contrary to the forecasts of many experts, prices have not fallen everywhere, but have maintained a stable growth, which eliminates the possible ghost of any «bubble» in the real estate market. ...