News and articles, page 74

Thirty years ago, reconstruction was a secondary activity in the construction sector and accounted for only 5% of the total number of projects being implemented. Despite the gradual growth (in the period from 2017 to 2019, the number of renovated buildings increased by 10%), the figures recorded in the Spanish housing stock are still lower than in neighboring countries. Government's National Integrated Energy and Climate Plan (PN IEC) for 2021-2030 has set the task of restoring a total of 1,200,000 residential premises. ...

According to the latest data from the Association of Registrars on real estate purchase and sale transactions for the period from July to September, secondary housing became the leader – 124,722 registrations, which represents a quarterly increase of 12.5%, while in the case of new housing, only 29,433 transactions were registered. According to the Association of Registrars, transactions with new housing hardly make up two out of every ten transactions and sometimes include purchase and sale agreements for an average of two years in...

Foreign investment in the Madrid Community increased by 3% in the second quarter of 2021, while in the rest of Spain it decreased by 13.9%. According to Madrid President Isabel Diaz Oso, Madrid is currently the third most attractive European city for foreign investment. In 2021, it attracted 60% of foreign investments, the total amount of which amounted to EUR 4,000,000,000. This figure is three times the volume of foreign investment in Catalonia and ten times in the Valencian Community. According to the President, the main...

Last year's stagnation caused by the pandemic in the real estate market is over. Compared to September 2020, the number of mortgages signed for the purchase of real estate has reached more than 5,000 transactions in the Valencian community. This shows an increase of almost 75%. EUR 528,000,000 were mobilized to activate these mortgage loans, which demonstrates that the average amount of this type of loan is also growing. INE data clarifies that they amount to EUR 143,831,000. This is an indicator that has not been observed in the...

The real estate market is strengthening its recovery after the effects of the pandemic. According to National Institute of Statistics (INE), in September of this year, 53,410 purchase and sale transactions were registered, which is the highest figure since April 2008. In the first nine months of the year, these transactions are 8.5% higher than in 2019. High demand for housing, combined with a limited supply of new construction due to the freezing of the construction sector during the pandemic, led to an increase in real estate...

Real estate consulting company CBRE has presented its New Real Estate Horizon report, which highlights that the logistics and residential sectors have become leaders in 2021. Logistics With asset valuations rising by more than 23.21% in Madrid and 18.87% in Barcelona compared to 2019, this sector has performed the best. For its part, the value of assets in cities such as Valencia and Zaragoza reflected more moderate growth – 5% and 8.37%, respectively. Nevertheless, the profitability in the country continues to decline, and...

Royal Spanish Academy defines innovation as «changing or remaking something, introducing innovations». In relation to the real estate sector, this innovation manifests itself in different ways. From the impulse to the design and construction of architectural typologies to the integration of technologies into all processes. Jonathan Rose, an urban planning guru and developer, notes that the main challenges cities face are resource scarcity, population growth, climate change, social cohesion and immigration. Innovation is becoming the...

Applying for a mortgage loan to buy a property is a difficult task for young Spaniards. Temporary work, low wages and instability lead to the fact that the moment of moving to their own housing is postponed. As iAhorro explains, this moment comes at the age of 35, when citizens reach a sufficiently high level of wages. No research is needed to understand that rent, mortgage, bills or expenses are much more affordable when they are shared between two people. It is not easy to take a step towards independence alone: «Gaining...

«Proptech completes the revolution, i.e. digitalization of all processes in the real estate sector», says Gustavo Lopez, Director of Operations at AIC (Association of Real Estate Agents of Catalonia). The sector is making progress in areas such as augmented reality (AR), artificial intelligence (AI), proactive home automation, blockchain and tokenization, which is used to protect sensitive data. «For instance, it is now possible to tokenize real estate, buy, and sell tokens, however, as discussed at the Third Blockchain...

Analysts' forecasts for the housing market for 2022 indicate a moderate increase in prices, contrary to the trend currently observed in the Principality of Asturias. Prices here have fallen the most compared to 2021. In September, Astoria became the second region of Spain where the largest drop in the average real estate price was recorded, -2.27%, it was surpassed only by La Rioja, -4.23%, according to the quarterly report on sales prices from pisos.com. These indicators contrast with the indicators of most autonomous communities,...