News and articles, page 92

For 10 years, the Spanish economy has relied on the real estate sector. This led to a revaluation of assets and increased apartment prices by 177% since 1995. «Brick fever» has become a key thing that affects national growth. Much of the recent recovery in the Spanish economy is because of the boom in construction. It’s a low-productivity sector that doesn’t fit into the model of technology, innovation and competitiveness set by European Union (EU) governments in the Lisbon Agenda. Content: ...

Residential developer Habitat Inmobiliaria has closed a deal to acquire two plots of land in Vigo, in the Arenal and San Roque districts, to develop two residential projects with a total investment of €30 million. The Arenal site, where the community called Habitat Areal is going to be built, is located in the waterfront heart of the city of Vigo. About 50 homes will spread over the area of 6,900 square meters. The project is expected to attract over €17 million worth of investments. ...

Residential communities are a safe haven of profitability for rental property investors. The aggregate price of rental housing in Spain increased by 41% over the past five years and advanced by 32% over a decade. Meanwhile, in Canary Islands, Valencia, La Rioja and Navarra, the growth came in at 49%, 46%, 43% and 42%, respectively. Since 2016, the average price per square meter of rental housing increased by 41% in Spain (from 7.40 euros per square meter in June 2016 to 10.44 euros per square meter in June 2021). In 2016,...

In August, Idealista property portal listed 774 prime homes worth over €1 million in the province of Cadiz. According to the report, Cadiz will be among the top ten provinces with the largest number of luxury homes in Spain, 73% of which are concentrated in Malaga, the Balearic Islands, Madrid and Barcelona. Out of 774 properties, the vast majority (684 homes) are valued at over 1 million euros. There is even a more exclusive segment, ultra-luxury properties, with price tags exceeding 3 million euros. In the province...

PropTech (also referred to as property technology) is a set of modern technology solutions for the real estate industry. Having its roots in Britain in 2014, PropTech has attracted an increasing number of leading real estate firms. Similar to FinTech, the innovative technologies merge to streamline and digitalize the property market. They include property portals, software for property management, virtual reality, home automation, Internet, etc. There are a lot of companies that facilitate the process of property buying and...

The most expensive property for sale in the Canary Islands is located in the municipality of Santa Ursula. Its price is 8.800.000 euros. The price per square meter of the building is about 7300 euros, considering that the building area is 1209 square meters. The house has three floors, the building also has several swimming pools — a panoramic one is located on the edge of a cliff, as well as six bedrooms, four of which are double suites (one is reserved for servants), nine bathrooms and a panoramic elevator. The house uses the...

The Spanish Real Estate Association Personal Shopper (Aepsi) assumes 550,000 annual home sales in the period 2022-2025. According to Aepsi forecasts, by the end of 2021, the number of home sales in Spain may reach 450,000. According to Aepsi President Iñaki Unsain, after 2020, full of uncertainties and restrictions, vaccination and the forecast of economic growth for this year, which, according to experts, will be about 6%, gave hope to the real estate market in 2021. "Domestic demand and economic recovery will be key factors for the...

Many investors are interested in the correct and profitable investment in Spanish real estate. After analyzing the housing market, it is necessary to answer these questions: which regions are more profitable to invest in? When it is better to make a deal? What prices can I expect? What forecasts have experts made? We will answer these questions in our article. Content: Monthly and annual price changes in autonomous communities

The Spanish government is interested in issuing loans to foreigners for the purchase of real estate. Many of these loans come with great mortgage conditions. Let’s take a closer look. Content: How do non-resident mortgages work? Best mortgage loans in Spain Top banks for mortgage loans in 2021 How can you the best mortgage? We’ll help you find property in Spain ...

There are many ways to earn money by investing in real estate: purchase and resale, long-term lease, elite resort real estate, luxury off-plan real estate, investing in real estate remotely, short-term lease, long-term investments, mortgages, etc. You can invest in property with a long-term lease, profitable premises, or shares of other funds and companies. You can rent out your housing for a long time and wait for a profit. You can repair your property and resell it to make a profit. ...