News and articles, page 95

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. Meanwhile, it also represents a significant 41% increase from June 2019. According to experts, the upside is likely to continue in the coming months. ...

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 late July. The major real estate developer in Madrid will pay roughly €30 million, up 18% from the starting price of just over €25.5 million. ...

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 affecting much overseas real estate demand. The figure reveals that the pandemic has not dragged down interest from non-residents, with the number of real estate transactions increased by...

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 volatile, with property prices down 14% from 2010, but up 16% from 2016. However, we are not likely to see big swing in prices over the course of 2021, María Matos, director of...

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 in the south of the municipality with the highest per capita income in Spain, closing the gap between the university campus of the Polytechnic University of Madrid (UPM) and the district of...

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 disciplines and to citizens. We must involve the entire network of associations, FAD, CCCB, the Mies van der Rohe Foundation, the Miro Foundation, all architectural schools and new groups such as...

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 real estate agency Barnes, the French currently account for 50% of luxury real estate purchases in Costa Brava. Despite the fact that the health situation and travel restrictions...

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 Council of Spain, the pandemic has led to the fact that demand has shifted a significant proportion of apartments to single-family houses located in peripheral...

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 Spain in July and 43,356 in October, in August and September (when purchases confirmed in previous months were made), the number of houses transferred was 35,723 and 38,279, respectively...

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 level with the highest proportion of foreigners buying and selling housing. One in five out of 18.1% of transactions is made by foreigners. The region is second only to such tourist giants as...