News and articles, page 97

Retirement is considered by many to be a “golden time”. The opportunity to devote time to yourself, your hobbies, to feel the sea breeze in the morning or to enjoy delicious cuisine is a dream of many. In Spain, more than 300,000 people retire each year and many of them are looking for alternative places to live during this period. CONTENT: How much does it cost to live in Spain? Costa del Sol: the best place to live on pension

The real estate sector has left behind the coronavirus crisis. Sales and purchases of real estate in June increased by 23% compared to the same period in 2019. The numbers suggest that performance was even more active than before the pandemic. Data compiled by the Association of Property and Mercantile Registrars of Spain show that 94,330 sales were made in the sixth month of the year. For comparison: two years ago, 76,664 transactions were made, when the country was still in a normal economic cycle. ...

After the pandemic, the drop in sales and purchases of real estate by foreigners became an obvious fact, nevertheless, the sector is recovering, but is foreign investment recovering? According to data for 2021, investments in Spain from foreigners are growing. This group is betting on housing contracts with mortgages from banks, with hidden costs that penalize ROI. Representatives of Klev & Vera International Law Firm say foreign investors continue to gamble on the Spanish market through residential real estate...

Over the past year, real estate investment has experienced great ups and downs. With the onset of the pandemic, many predicted a “bursting bubble”, but the reality that 2021 brought is completely different: in the second quarter of this year, investments increased 258% more than in the previous quarter, according to real estate consultancy CBRE Group. “This is not the 2008 real estate crisis”, summarizes Mikel Marco-Gardoqui, Managing Director and National Director of the Capital Markets Division of CBRE Spain. These numbers prove why...

The Hyatt Group moves its luxury apartment business to Spain. In particular, to the city of Madrid, where it arrives with 22 premium tourist apartments from 300 euros per night, which will be managed by Hesperia and whose marketing will begin on 4 October. Hyatt Regency Residences Madrid, located on Paseo de la Castellana 62 in a building owned by foundations managed by the Swiss bank Pictet, include apartments ranging from 100 to 150 sq. m. plus a penthouse of 350 sq. m. and a terrace of 100 sq. m. with panoramic views. Pictet...

Despite national and international restrictions on mobility caused by the health crisis, the luxury property market in Marbella area is more active than ever. Over the past year, starting on June 21, 2020, when restrictions were lifted in Spain, there has been an unexpected, even exceptional volume of property sales and purchases. In 2021, the elite segment of the market (i.e. real estate worth more than one million euros) accelerated month after month, reaching an unprecedented level of activity. ...

Mazabi is expanding its portfolio. A property management company has acquired a hotel in Cordoba. The facility, located in the Jewish quarter, consists of 20 rooms, a Cordoba courtyard and a 200 square meter roof terrace. The family office, led by Juan Antonio Gutierrez, has bought the property from Hospedería Atalia and plans to turn it into a two-star Soho Boutique, El Confidencial reports. The amount of the transaction was not disclosed. This is the fourth hotel Mazabi has added to its portfolio this year, bringing its total assets to 20....

CONTENT: Student housing market will increase by 2023 Growth trends of student housing market Investing in student hostels: a good perspective Tips for investing in student housing Advantages and disadvantages of investing in student hostels We help you choose and buy property in spain

Cryptocurrency is gaining momentum in the real estate sector. And although a significant part of the population still does not know how they work, when viewing some of the main real estate portals, there are more and more ads in which cryptocurrency is accepted as a form of payment. The use of cryptocurrency has become a widespread phenomenon. This has forced some companies to offer their customers the opportunity to work in bitcoins. An example of this is Avinguda de Roma, number 19. In this building, located opposite Central Park,...

The Balearic Islands (€3,335 per sq. m.), Madrid (€2,829 per sq. m.) and the Basque Country (€2,699 per sq. m.) are autonomous communities that take a high place in the average price in the first half of 2021. This can be judged by the results of a study conducted by CoHispania. On the other hand, Castilla–La Mancha has the cheapest prices (€926 per sq. m.), followed by Extremadura (€1015 per sq. m.). By province, the Balearic Islands are the province with the highest price, reaching €3,335 per sq. m., followed by Gipuzkoa and Madrid...