News and articles, page 95

Real estate optimism grows: lessons learned from the 2008 financial crisis

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The real estate sector in Spain is showing signs of recovery after a lull caused by the pandemic. According to the General Council of Notaries, sales of apartments reached 64,877 in June, the best monthly performance in a decade. The number of transactions soared by 70% compared to June 2020, when the Covid-19 outbreak sparked a deep recession....

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Pryconsa to build €30 million urban development in northern Madrid

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Pryconsa has purchased two plots of land in the north of Madrid, on which it plans to build up about 200 homes. Both land plots are located on the Island of Chamartín, between the Madrid Chamartín railway station and the new Madrid Nuevo Norte development, which had been put up for sale at an auction by the Madrid Court of First Instance No. 92 in...

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Majority of experts predict increase in property purchases by foreign buyers

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The real estate sector is still an attractive foreign investment option. According to the Spanish Association of Registrars, foreign buyers accounted for 9.72% of the Spanish property market in the first quarter of 2021. The Covid-19-related restrictions on mobility weighed on other sectors, such as Spain’s international tourism industry, while not...

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Spain’s property market sees a drop in home prices

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According to Fotocasa, one of Spain’s leading property portals, real estate prices in Spain have plunged by 36% compared to the same period in 2007, prior to the housing bubble burst in 2008. “For the apartment with an asking price of €225,000 in 2007, you will pay €150,600 now,” analysts at Fotocasa said. Spain’s property market is now extremely...

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Montegancedo is new green area of richest municipality in Spain with villas worth up to two million euros

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It is planned that at the end of this year or in the first quarter of 2022 — 1050 houses in Montegancedo, the future green area of Posuelo de Alarcón, will begin to go on sale. The district is located on 688,470 square meters, more than half of which will be allocated for green areas, with a Forest park of 200,000 square meters. It will be located...

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Barcelona aims to capitalize on debate about future of cities

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Barcelona will be one of the cities where there will be a debate about what cities should be like in the future. This is the main goal of turning the city into the world capital of architecture. "This will not be a discussion exclusively for architects, there is already a UIA congress for this, which is professional. We must open it to all...

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The French account for 50% of luxury real estate purchases in Costa Brava

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Summer is a time of opportunity to buy or rent luxury houses, especially if they are located in coastal areas such as Costa Brava. The area is characterized by great national and international attractiveness. Exclusivity of this region has led to a significant increase in demand for real estate in the area among the French. According to the luxury...

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Price, location, size? Learn about the main factors to buy property in Spain

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Buying an apartment is a decision that has many variables to consider. Square footage, location and budget are some of the most important factors before buying. Covid emergence has shown that additional capabilities are now more important and take precedence over values ​​such as location in large cities. Location According to the COAPI General...

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Why is it so difficult to get mortgage in summer?

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Such a seemingly insignificant factor, like the time of year when an application for a mortgage loan is submitted, can affect both the bank's decision-making and its conditions. In this sense, summer is the least suitable time of the year to apply for a mortgage from a financial institution. In 2019, compared to 48,337 properties transferred in...

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Scandinavian countries are keeping an eye on the coast of the region: Norwegian and Swedish investors are buying up houses in Spain

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The impacts of the coronavirus pandemic over the past year around the world have not made the Murcia region, or rather its coastal zone, less attractive to foreigners, who continue to look at the 11,313 square kilometers of the region when it comes to buying a house. A good example of this is that Murcia is the fourth community at the national...

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