News and articles, page 94

There is an unprecedented boom in the self-built homes segment in the Spanish property market. Prefabricated homes are growing in popularity, especially because of the many advantages over traditional houses, besides the low cost. The concept of a prefab house is often associated with heavy costs, but this is far from the truth. This list presents the top three prefabricated houses for sale in Spain with a price tag under €30,000. Of course, in some cases, production and assembly is carried out by Spanish companies with an...

In recent years, the property market in Valencia has been in an uptrend. Being among the regions with the highest real estate activity, the province was hit hard by the 2008 crisis, when new home prices reached historic lows. A decade later, prices for newly built homes in the province of Valencia are showing signs of recovery, according to Brains Real Estate. In the first quarter of 2021, there was a 4.2% drop in prices compared to the same period last year. However, in April-June period, the square meter price leaped to 1,706 euros...

Grosvenor Real Estate, the Spanish branch of the Westminster family's real estate investment unit, reported losses of €619,702 and negative equity of €173,487 at the end of last year. Working capital is also negative – €339,963. This forced the parent company to invest almost €4 million in the Spanish branch through cash contributions and debt cancellation. In addition, a capital was increased by €250,200 euros. Grosvenor Real Estate earned €2.2 million in 2020, compared to €1.16 million in 2019. In the same year, the company...

Engel & Völkers is selling one of the most exclusive properties in Spain, the €65 million Solitaire Villa, located in the upper part of the residential area of Mallorca, Son Vida, overlooking the city of Palma and its bay. The villa is the work of the Italian architect Matteo Thun. In cooperation with the international developer Jens Liebhauser, the house was built on a plot of 4,250 sq. m. The building area is 2,300 sq. m. The villa has seven bedrooms, six bathrooms, two swimming pools and almost 2,000 sq. m. of outdoor terraces...

The most expensive house in the Canary Islands is located in the city of Adeje and costs €2.8 million. However, experts in this sector claim that it is in the south of Gran Canaria that the majority of elite houses are located. Idealista has compiled a list of the most expensive properties in Spain in Benahavis in Malaga and Calvia in the Balearic Islands. Their cost exceeds €7 million. However, there is no real estate on the islands that would be included in the top 10 most expensive. ...

In Spain, the culture of renting housing is gradually being formed. Currently, more than a third of Spaniards are considering renting rather than buying as a permanent residence, the Aedas Homes observatory found in July 2021. This study is aimed at better understanding the demand for housing, and almost 4,000 people were interviewed in the country. For the first time, there were the questions about happiness, digitalization and sustainable development to assess their impact on the decision to buy a house. ...

According to a study by Idealista.com, the leading Spanish real estate portal, there is a growing increase in the number of hotels on sale in Spain. Overall, 639 hotels have been listed for sale, up by 30% compared to 2020, when the figure was 490. Meanwhile, in coastal areas, there is a 44% increase. Despite an improvement in tourism activity in Spain compared to summer 2020, the ripple effect of the Covid-19 has far-ranging economic consequences. The country's most popular tourist destinations still have low occupancy...

Malaga has become one of the most attractive real estate investment destinations, and its historic center is now one of the most rapidly growing areas. According to the National Statistics Institute (INE), the average annual household income in this area is 37,333 euros.  The old town has one of the highest square meter prices of housing in Malaga. By the end of 2020, it reached 4,000 euros. The monthly rent of over 11 euros per square meter is also one of the highest in the municipality. In...

In recent years, garages have become a good alternative to traditional financial products, such as bank deposits or government bonds. In Spain, the average yield of garages is 8.7%, and in Andalusia – 9.3%, according to the real estate portal Fotocasa. Seville also stands out as a highly profitable province in June 2021 with 12.1%. In the capital of Andalusia, parking rental prices range from 80 to 150 € per month, and garage sales prices range from 35,000 to 70,000 € in areas such as Nervión, Los Remedios and Centro. Prices are reduced to...

CaixaBank has strengthened its position as a reference institution for companies in the real estate market thanks to a specialized model that has a network of more than 150 CaixaBank Empresas centers in the autonomous communities of Spain. Over 1,500 highly qualified specialists with a solid reputation in the field of business consulting work there. In the international arena, CaixaBank supports its business clients with a range of operational solutions with effective territorial access to 127 markets in different countries, in...