News and articles, page 85

Technology and innovation have brought a transformation in the real estate sector, providing many real estate companies with the opportunity to adopt technological tools to take the lead in the sector. The developers’ goal is to digitize the entire process to achieve the greatest savings in time and money and improve the quality of work with the client and investor. In short, create a new business model. Many have already taken the first step to implement the BIM (Building Information Modeling) methodology for creating digital...

The gross margin on buying a house to rent it out has dropped to 7% over the past year. In the third quarter of 2020, the proposed rate of return was 7.9%. According to an analysis by Idealista, the leading real estate specialist in Southern Europe, the profit made even, in this case, is 15 times higher than the rates offered by 10-year government bonds (0.4%). According to this study, which correlates the value of sales and leases of various properties to calculate their gross profitability, office space remains the most profitable...

CONTENT: The Canary Islands: an overview Advantages of purchasing real estate in the Canary Islands The housing market in the Canary Islands Real estate prices in the Canary Islands Choosing to buy an apartment in the Canary Islands THE CANARY ISLANDS: AN OVERVIEW The sun-drenched Canary Islands have an exotic flavor and act as both...

Spain is the 4th largest country in the European Union and the 3rd most visited country globally. Today, the Spanish economy relies on the tourism sector. To meet tourist demands, Spain has a very active construction sector that accounts for 16.6% of the annual GDP, increasing foreign investment in first and second residences despite various crises such as the pandemic. In addition to financial opportunities to implement land projects and housing construction, the point is to consider the legal and...

Brexit and the UK’s exit from the European Union has affected the Spanish property market. According to the British newspaper Mirror, retirees from the UK who have chosen Spain as their second home leave the Costa del Sol in droves due to stricter immigration rules imposed in connection with Brexit and higher medical costs. This information differs from the data provided by various sources in the Spanish real estate sector. Some of them point to a downward trend in house sales, but not universally. There is also clear evidence of...

Spain is one of the best places for a calm and measured life. An attractive and incredible climate, healthy and delicious gastronomy, a variety of landscape views - from paradise beaches to gorgeous mountains - great history, high culture, rich languages, good quality of education and services, and fantastic leisure make Spain one of the most sought-after countries. Living in small and not typically popular cities sometimes has its advantages, especially for those who lead a simple lifestyle - this is known as downshifting....

According to the Proptech Map, compiled by API Catalonia real estate agents, 501 startups in Spain use technology to improve or reimagine services in the real estate sector. This year the sector has grown by 8%. Two hundred seventy-eight people of these, more than 55%, work with real estate professionals. 58% of these offer solutions for products in the construction sector, 22% for agencies and the remaining 20% for real estate clients. According to Anna Puigdevalle, CEO of the National Association of Real Estate Agents...

The Community of Madrid will build nearly 4,000 social housing units in Valdecarros, the most significant urban development in Spain. Regional Minister for Environment, Housing and Rural Affairs Paloma Martin attended the groundbreaking ceremony for the initial construction phase. The urban area of Valdecarros is 19 million square meters. More than 51,000 houses will be built here, with a total investment of over 7,600 million euros. It will also create 480,000 jobs, both direct and indirect. ...

At the moment, the tourism sector in Spain has dropped significantly. The coronavirus pandemic has drastically reduced the influx of foreign tourists over the past year and a half. This resulted in an imbalance in the supply and demand in this sector. Moreover, restrictions within the country have further affected this imbalance, which is why domestic tourism has declined considerably. This and other activities in the economy have all led to a decrease in the prices of tourist real estate. This price reduction allows people...

Spain is strengthening its position as a critical destination for real estate investment. According to forecasts of Knight Frank experts, in 2022, the country will enter the top five in terms of capital invested in Europe, with a volume of about 7.5 billion euros. Jorge Sena, Partner and Head of Commercial Department at Knight Frank Spain, said: “Spain is a beautiful country for real estate investments, in particular thanks to the lucrative luxury residential sector, where sales outperform other countries. After the pandemic, the...