News
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The winds of change are sweeping through the Spanish real estate market. Although 2022 ended with excellent indicators for the market, in sales, proceeds, volumes of attracted investments and demand, 2023 is preparing a number of tests for the real estate sector at once. Stagnation and recession are considered by most experts as an imminent...
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Record rates of inflation growth will continue to undermine the purchasing power and reduce the savings of citizens of the European Union in 2023. The EU is also predicting a reduction in economic growth, but Spain will show relatively better results than the eurozone average, thanks to the growth of its services, tourism and real estate sectors...
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At the end of January 2023, a new package of measures to support the Spanish real estate sector came into force, approved by the Council of Ministers to mitigate the impact of record inflation, rising interest rates, crises in the global and national economy, as well as in the political aspect of international relations. The latter, in particular,...
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In 2022, the Spanish residential market was in good condition for homeowners. Demand was growing, prices were rising, and the return on investment was growing. Last year, according to Tinsa, the cost of apartments in the country increased by an average of 8.8% and growth was observed in almost all cities of Spain. However, there were also exception...
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During 2023 and 2024, there will be a noticeable price correction in the housing market in all European countries. Inflation, rising interest rates, the economic and international political crisis, falling incomes of the population, problems in the labor market, energy markets, building materials and much more — all this will gradually contribute...
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The international developer Dar Global is going to start work in Spain and its first projects will be two exclusive centers for active recreation — an equestrian sports club and a golf center. For their construction, the company has already acquired a plot of more than 4 million square meters in Manilva, in the Costa del Sol. These projects will be...
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The Valencia housing market performed well in 2022, withstanding pressure from a whole range of crisis factors, including inflation, rising construction costs, rising mortgage lending rates, the energy crisis and a shortage in the labor market. All this, as well as the general uncertainty in the prospects for the development of the global economy,...
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There is a separate category of real estate buyers — UHNWI, or persons with super-large net worth at their disposal. We are talking about people who have impressive fortunes of $30 million or more. According to the report «The Wealth Report» from Knight Frank, in the last few years they have paid special attention to Spain, which allowed the...
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Almost all autonomous communities in Spain have recorded an impressive increase in prices for new housing in 2022. The only exceptions were the Spanish enclaves of Ceuta and Melilla, located on the Mediterranean coast of Africa. The average price increase in the country for new residential real estate ranged from 3.9%, which were recorded in La...
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The past year has been successful for the Spanish real estate market. The sector has achieved indicators that have not been recorded since 2007. High inflation, at the same time, did not become an obstacle to the growth of real estate sales, at least in the first half of the year. According to INE, in October 2022, the number of real estate...
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