News and articles, page 75

In recent years, Google Home, Alexa and Siri have helped make Spanish homes more manageable. According to a study by Aedas Homes, the level of digitalization of houses in Catalonia is 3.8 points out of 10, which is the highest in the country and exceeds the national average by two tenths. Catalans rate the use of voice assistants such as Alexa, Siri or Google Home by 3.4 points, they rate the use of robot vacuum cleaners by 4.5 points. 10.9% say they have a smart lock at home, and 26.6% are in WhatsApp groups with neighbors. ...

A new report on the real estate market in Spain notes that investments in student dormitories are growing. In 2021, investments amounted to more than EUR 400,000,000, which is 21% higher than the total investment in 2020. Foreign investors are mainly interested in investments, although the creation of joint ventures with international capital is becoming more and more frequent. It is expected that 20 projects with 5,100 new beds will enter the market in 2022, as a result of which the total number of beds will exceed...

The inflation in Spain is 5.5%, according to the latest data from National Institute of Statistics. According to Bankinter analytical group, residential real estate prices will continue to rise in the coming years. «The real estate market is surprisingly positive and prices will continue to rise, at least at the rate of inflation», analyst Juan Moreno said. The Bank of Spain expects price increases of 2% and 1% in 2022 and 2023. It means that those who want to save money by investing in real estate still have a good...

In 2021, 486 companies were involved in the process of mergers and acquisitions for a total of EUR 9,556,000, according to Transactional Track Record. Transactions in the real estate sector are leading, ahead of the technological, financial and insurance sectors and the solar energy sector. In November 2021, a total of 43 transactions worth EUR 534,000,000 were registered in the Spanish real estate sector. The study emphasizes that July became the month with the largest number of transactions - 64 transactions, and May - the month...

What types of real estate funds invest in Spain? Is Spain still an interesting destination for funds investing in the real estate market? «Undoubtedly, Spain is still interesting for institutional funds, and especially the residential segment, which has become a priority for investors. The rules that are being announced in connection with the new real estate law do not help and harm the growth and increase of fund investments», says Jorge Benjumeda, partner at Elix investment company. ...

According to INE, a total of 53,410 purchase and sale transactions were made in September, which is 40.6% more compared to the same period in 2020. It seems that the growth in the number of such transactions has not stopped since May, which foreshadows a positive end to the year with an increase in the number of contracts for the purchase and sale of real estate. How will 2021 end and what is forecast for 2022? The agents of the sector assess all this positively, as the recovery in the sector may occur as early as next year. ...

Secondary housing is going through a favorable period. Lots of buyers are increasingly choosing it as an alternative to new construction. High prices and delays in construction are some of the disadvantages that force users to make a choice in favor of secondary housing. This is evidenced by the data of the National Institute of Statistics, which registered a historic increase in the number of real estate sales and purchases in this sector. In fact, 79.5% of properties in respect of which purchase and sale transactions were executed...

The luxury real estate sector was among those areas that suffered the least during the crisis caused by the pandemic. The latest update of Knight Frank's Prime Global Cities index reflects the good performance of the luxury residential real estate sector worldwide: for the period from January to September, an average growth of 9.5% was demonstrated compared to the same period last year. In this ranking, Madrid is ahead of other well-known cities such as London and New York, and stands out as a city with one of the best indicators both in...

The new real estate law approved by the government has a significant impact on the rental market in Spain. According to Agencia Negociadora del Alquiler (ANA), the uncertainty of this bill makes many owners think about the need to sell their real estate, as soon as the current contracts signed by them with renters expire. According to Jose Ramon Zurdo, managing director of ANA, from 15 to 20% of the company's clients are already thinking about selling their real estate. He also warns that this new law causes great fear in the real...

The real estate sector is obviously experiencing a second renaissance in Spain and in Burgos in particular. This is evidenced by the data provided monthly by INE. The information reflects a clear upward trend, which not only has not changed as a result of the health crisis, but, as it can be seen, has also firmly entrenched. In fact, in September last year, 549 housing sales were registered in Burgos, which has not been observed since the real estate bubble burst. Even in September 2007 there were no such indicators as in September...