News and articles, page 96

A notable recovery in the coastal holiday property market has been observed from Eau Val Minor to A Guarda. This is the stretch of the Galician coastline where the market for apartments and rentals is experiencing the greatest buoyancy, according to Tinsa real estate market report annually. The document states that holiday property market is recovering on 66% of the country's territory in a “moderate” mode, but noticeable recovery is present only on 3.4% of the coast, including the area from Nigran to the mouth of the Miño...

Increasingly popular type of remote work in Spain has led to changes in property demand, sparking a growing interest in houses outside the major capitals, as well as in cities around large cities, whose residents, in most cases, live between working in a big city and living in their own locality. In this case, we will leave aside large urban areas (GAU) to focus on the next stage - small urban areas (PAU). This division of the country's territory was developed by the Ministry of Transport, Mobility and Urban Agenda in the latest...

The consequences that the pandemic had on the Spanish property market during 2020 and the first half of 2021 are well known to everyone, experts and non-specialists alike. Countless articles have been written about famous rebus sic stantibus clause, renegotiation of commercial leases, exponential growth in demand for logistics assets, job optimization through teleworking and smart work, and great opportunity to acquire distressed hotel assets. It can be assumed that discussions about the applicability of the “rebus sic stantibus”...

In June, 291 houses were sold in Salamanca. In May 2019, 313 houses were sold, more than two years have passed since the sale of such a number of houses in one month. 291 houses sold in June consisted of 256 secondary ones and only 35 were newly built. The option of acquiring a secondary apartment and “preparing” for moving in is gaining popularity among residents of Salamanca. Comparing June 2021 to June 2020 wouldn't be too fair because everyone knew about the travel restrictions at the time. The pandemic paralyzed everything,...

Corridors in shabby burgundy velvet, dark, cracked walls, nostalgic discos with broken glass mirrors, terraces with charred canopies, and wedding and communion halls with white lace. These are remnants of what was once the cream of the Galician hotel sector. A print reminiscent of the “happy 90s” and brick Spain. There was no crisis, no pandemic, no Airbnb. But everything has changed. According to the Galician Federation of Real Estate Companies (Fegein), in the first quarter of the year, Galicia broke a historic record for the...

Introduction of covid passport and the speed of vaccinations have given the green light for recovery in various sectors, including real estate. In the current environment, it is expected that by the end of 2021, more than 30% of buyers of luxury real estate in Madrid will have large investment portfolios and be international entrepreneurs. The capital is ranked first as a favorite tourist destination in Spain for buyers from America, Latin America and Asia. Investment or secondary housing are the main preferences of international...

The city of Marbella is considered one of the main luxury destinations in Europe, with a diverse offer that has not decreased due to the pandemic. Despite the effects of restrictions on the tourism industry, dignitaries continue to bet on the municipality. Laura de Arce, the general director of tourism of the City Hall of Marbella, said that "the pandemic was not helping too much and had paralyzed everything," although she noted that luxury "has suffered the least." She recalled the wide range of luxury opportunities...

"I've never had so much work. In June, we sold more mortgages than ever before," says an employee of the mortgage department of a financial institution. The available evidence suggests that he is right. June was the month when more homes were sold in the last decade, with the exception of December 2012, an atypical period due to the Sareb creation effect. According to the statistics of house sales published on Thursday by notaries, almost 65,000 transactions were signed in Spain for the sixth month of this year, which is an exceptional...

The price of housing in Navarre remains high, according to the Valuation Society, and is €1,916 per square meter, closely behind the Autonomous Community of the Basques, where it increased by 0.3% to €2,762 per square meter in June this year. The Basque country is still the most expensive autonomous community on the coast of Cantabria, ahead of Navarre, Cantabria (€1895), Galicia (€1634) and Asturias (€1601). As for the provincial capitals with the highest average prices in the northern, these are the...

Copa del Rey de Vela was held in Palma until this weekend. One of its sponsors was Sotheby's International Realty, the British real estate agency. A company that sells luxury real estate has just opened an office on Formentera to find an active international client. But this is not the only step, the company has plans for future growth and development in Spain. The real estate brand of the famous auction house has three franchises in Spain: in Catalonia, in Andalusia and a third called Viva Sotheby's International on Formentera. It...