News, page 12

Today, the decision to buy new housing or housing from the secondary market in Spain can often be only theoretical. Even if a person has the means to do this, there is a huge shortage of residential real estate on the market. Even in the secondary segment, the situation is tense and developers, at the same time, only reduce the number of objects being launched and put on sale. According to Jose Maria Basanes, president of the real estate appraisal company Tecnitasa, indicates: "According to estimates, the supply of new housing in...

Renting houses and apartments in Spain is becoming more and more expensive. Today it is at an all-time high. In cities such as Barcelona, apartments have gone up by 25% in annual terms. Many Spanish citizens believe that living in Barcelona now is already a luxury. Why is this happening? Partly because demand is growing in a market where the supply shortage has not been solved and will not be solved in the foreseeable future. According to real estate agents, another reason may be the growth of the labor market. This is partly also a...

According to the data of the "Investment Guide to SOCIMI and SIGI 2023" from the real estate and credit asset valuation company Prime Yield, the hotel and logistics segments of the Spanish real estate market have become the two most profitable over the past year. Profitability in the hotel segment exceeded 4.75%, and in the logistics market — more than 4.25%. This guide is primarily created for investment funds and banks, such as a "roadmap" for investments in companies operating in SOCIMI and SIGI modes. Both are special tax systems...

Despite the various difficulties that the real estate market faced last year, including inflation and rising interest rates on lending, the sector has demonstrated and continues to demonstrate stability and even growth. According to experts, real estate and the construction sector remain an extremely important part of the Spanish economy. New buildings remain one of the engines of the development of the real estate sector. According to some forecasts, the demand for such offers remains strong and will continue to resist economic...

Technology has long penetrated into all spheres of people's lives. Digitalization is actively moving through the economy, transforming even the most cumbersome and immobile industries. This digitalization has already reached the real estate sector. People no longer even need to leave home to perform thousands and thousands of operations for hours and even minutes. A task that could have taken several days before. The same applies to the state: the population census, registration of payments and payment of duties — everything has...

One of the pillars of the recovery of the Spanish economy after the active phase of COVID-19 was investment in the national real estate market. Spain and Germany have become the only member countries of the European Union that have more than one real estate market in a dozen key EU markets. For Spain, the basis of growth is the capital Madrid and Barcelona, which took the fifth and sixth places in the ranking, respectively. In general, according to the consulting company Catella, investments in real estate in Spain last year reached...

In the first months of 2023, housing prices showed amazing resistance to the prevailing economic trends. Unfulfilled pessimistic forecasts required rethinking and changing forecasts for the local market. It is quite possible that by the second half of the year prices will still rise by 5% or a little more. This will be a fairly noticeable slowdown to 8% in the first quarter. At the same time, prices may decrease by 3% by the end of 2023, and by 2% in 2024. This is already a more pessimistic forecast than it was earlier, when 1%...

The beginning of 2023 marked important changes for the real estate sector. There have been a number of events that force us to be very attentive to what will happen to the market in the coming months. However, a number of concerns disappeared, which predicted a serious drop in the first months of the new year. The emergence of a "bubble" in the residential real estate market in Spain is now considered one of these disappeared risks. In 2022, inflation turned out to be a record for the last decades, the same was the increase in...

At the end of 2022, the Spanish real estate market was filled with doubts. With record levels of inflation, interest rates rising at a record pace for the last decades, the energy crisis and the projected economic recession, many experts justifiably believed that the Spanish real estate market was facing really difficult times. Forecasts painted a picture of a serious trend reversal already in the first months of 2023, but, as we can see, the predictions did not come true. Therefore, making forecasts is always a thankless task....

Americans have become one of the most active categories of real estate buyers in the Spanish housing market. They especially love new buildings and holiday resorts. Mark Shtyuklin, a real estate market analyst from Barcelona, told The Wall Street Journal that according to Spanish notaries, only in the first half of 2022, sales of residential real estate to Americans increased by 76% year-on-year. According to this indicator, this is the best result in the history of observations. Shtyuklin also reveals which regions of the country US...