News and articles, page 72

The average time to sell a house in Spain is almost 32 weeks, according to Barometer on the current situation on the real estate market in Spain, prepared by Housell. The data of this Barometer also show that buyers paid 8.67% more for housing than a year ago, while the price per square meter was EUR 1,859. The average house price in Spain was EUR 239,835 in 2021. The average buyer in Spain corresponds to the age of about 46 years, who in 45.89% has a secondary education. Among the respondents, 16.12% had a higher education,...

Housing prices, which in the third quarter of the year, according to INE, increased by 4.2% year–on-year, are recovering mainly due to the cities of Madrid and Barcelona - the two main real estate markets in the country. In particular, by the end of September, the cost of real estate in these two megacities increased by 5% and 3.9%. Carlos Gomez, Head of Gloval Analytics, explains that the capital «is already registering positive indicators compared to the same period last year». On the other hand, a slight stabilization remains in...

Real estate prices increased by 4.2% in the third quarter of this year compared to the same period in 2020, according to National Institute of Statistics (INE). The Ministry of Transport, Mobility and Urban Agenda notes that the average cost per square meter is EUR 1,661, which is the highest since 2011. The sale and purchase of real estate increased in September 2021 by 40.6% compared to September 2020, a total of 53,410 transactions were made. In the period from January to June of the same year, 103,116 cases of inheritance of real...

The residential sector is leading the real estate market in 2021 with investments of EUR 2,800,000 over the past 12 months. It is followed by the industry and logistics sector with EUR 2,453,000. As for the type of housing experiencing the greatest investment boom, the sector of apartment buildings (built for rental, private rental and student dormitories) in Spain is the most dynamic this year, accounting for 24% of the total investment in the country. This is stated in a new report by the real estate consulting company CBRE. ...

Spain is characterized by a great ability to attract new investors. Although, there was a slight lull in the first and most difficult months of the pandemic, since then there has been a revival in Spanish real estate market. «With the gradual return to normal life, foreigners are showing increasing interest in real estate located in Spain, which means an increase in the number of national investors. They view the real estate sector as a safe haven for investment», General Council of COAPI in Spain recognizes. ...

Spanish real estate market has gained momentum and continues its upward trend. According to the consulting company JLL, the total volume of investments in this sector (including offices, retail, logistics, apartment buildings, nursing houses, student dormitories and hotels) will amount to about EUR 12,000,000, which is 33% more than in the previous year. In the commercial segment (offices, logistics and retail), investments in 2021 amounted to about EUR 5,900,000,000, which is 8% more than a year earlier. ...

The Ministry of Industry is preparing a new decree on foreign investment, which will soften the control mechanisms. New rules mean changes in energy issues. The decree facilitates the sale of renewable energy projects to foreign funds. The resolution explains that investors who are not associated with regulated activities (such as the operation of the electricity system and market, transmission and distribution of electricity, electricity supply in non-mainland territories, technical management of the gas system, as well as...

The inflation in Spain is 5.5%. According to Ferran Font, Head of Research and Press Secretary in housing will become a reliable protection against inflation: «If the annual volume of investments increases by at least 6% in December. CPI (consumer price index) growth is expected to be very close to this figure». Due to the low interest rate, real estate is a much better investment option than Treasury bills and bonds. A full analysis shows that in 2022, investment in housing will be the biggest means of protection against inflation...

Inbisa sold Butron Castle, located in the municipality of Gatica, 19 kilometers from Bilbao, for EUR 4,000,000. The attempts to sell the castle for EUR 3,500,000 were already at auction in 2014. However, after 7 years, it managed to conclude a deal 14% higher than the figure set earlier. As it became known, the future owner will carry out the necessary reforms, preserving the unit. Now it has an excellent condition. Inbisa acquired it in 2005 for EUR 1,600,000 and it has been taking care of the castle's preservation ever since. The...

Sixth Street Investment Fund, which manages more than USD 60,000,000, and the French hotel chain Pierre & Vacances have signed an agreement to create a joint hotel venture. In this regard, Sixth Street company has completed the acquisition of five resorts located in the cities: Benidorm (Alicante) Roquetas (Almeria) Lloret de Mar (Girona) Salou (Tarragona). In total, the fund will allocate EUR 85,000,000 for the purchase of real estate. This news marks the entry of Sixth Street...