News, page 14

According to the portal "TheObjective", the growth of interest rates on lending negatively affects investments in the hotel sector of the real estate market in Spain. According to market experts, the increase in the cost of credit financing led to the fact that many operations that were planned for the coming months were either postponed or canceled. The change in the policy of banks aimed at tightening lending conditions, coupled with rising interest rates, is felt in the real estate market among both individuals and companies. ...

According to the data of the consulting company JLL, referred to by the Idealista portal, in 2022, 4 billion euros of investments were recorded in Spain in sectors such as rental housing, residences for the elderly and student housing. According to JLL and Idealista, this amount represents an increase of only 1% compared to the volume recorded a year earlier. But at the same time, it allows these sectors of the real estate market to set new records for attracting investment. Small growth, which signals great prospects for...

Valdovinho is a corner of Galicia offering a life surrounded by beautiful natural landscapes, impressive beaches, coves and coastal cliffs. The municipality is located in Ferrol and its residential real estate market is very extensive. Currently, there is a wide selection of offers at very favorable prices. We are talking about the average price per square meter at the level of 946 euros. However, it can be quite difficult to find a suitable property in a large market that can meet the individual needs and requirements of a...

Brick company is one of the most important Catalan family-owned real estate companies. It has been in existence for 75 years and in its history has been able to successfully survive a number of crises, including the situation in the global economy in 2008. However, today it is time for the company to leave its native Barcelona and move to the capital Madrid. This was announced a few weeks earlier in a message from Goma Costa, head of the Higher Technical School of Architecture of Catalonia. ...

According to Spotahome, Palma, a key city of the Balearic Islands, is the third most expensive city for renting housing in Spain. Monthly rent of a room in this city will cost the tenant 516 euros. Only Madrid and Barcelona are ahead of it. The growth of the Consumer Price Index (CPI), the market supply shortage with extremely high demand, the rise in mortgage interest rates and other factors led to an increase in rental rates last year. Spotahome notes that rental demand has increased by 40% in recent months. ...

The Spanish housing market performed very well in 2022. According to the latest data published by the National Institute of Statistics of Spain (INE), home sales increased by 10.8% in annual terms in November last year — over 55,300 transactions were concluded. This is the highest figure for November since 2007. These figures made November a success becoming the 21st month with positive dynamics. An increase in secondary market transactions triggered an increase in real estate transactions in November. It was 14.3%, or almost 45,200...

Buying a home is a complex task that requires many complicated and unforeseeable decisions. It is difficult to find key ones that can play a decisive role in future home purchases. One of the important questions is how to choose a mortgage: where to get it, which one and on what terms. Traditionally, in Spain, as in most world real estate markets, there are two main types of mortgages: fixed and floating-rate loans. However, another type of loan is becoming popular. This is the so-called mixed mortgage. ...

Cushman & Wakefield has published an annual report on the commercial real estate market in the retail and shopping mall segments. The study analysed the retail situation in Spain, including an analysis of the last two post-pandemic years. The report states that there are 11.5 million square meters in 410 properties for shopping malls in the country, and this figure will grow in the coming months. In 2022, "Plaza Canalejas" (in Madrid) and "Open Mall" (in Lanzarote) added about 63,000 square meters of new space. ...

Inflation, rising interest rates, tightening bank lending and rising construction costs are the major challenges for real estate investments in 2023. In times of uncertainty about the future of the global economy, according to forecasts, home sales will fall by about 15%, and prices will be adjusted. Despite this, experts believe that there are safe and profitable market niches. Sergio Espadero, Director of Consulting and Evaluation of the Tecnitasa group, speaking at the "Real Estate Investment Strategies in the Current Situation"...

Real estate investment in Spain reached record levels in 2022. According to the "Real Estate Investment Report for 2022" prepared by Catella, the total volume of investments in Spanish real estate was about 16.4 billion euros, which is 30% more than a year earlier. When considering corporate transactions, the volume will increase to 17.5 billion euros. The report also shows that investor activity in the market has slowed down since the summer of 2022 anticipating the trend that the market will see in the first half of 2023. Asset...