News
-
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...
Read more -
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...
Read more -
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,...
Read more -
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...
Read more -
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...
Read more -
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...
Read more -
According to the National Institute of Statistics of Spain (INE), from January to November 2022, sales of residential real estate in Spain reached 606,124 transactions. This achievement not only exceeds the result of 2021, but also practically sets a historical record for the local market. The only year that was able to record an even greater...
Read more -
The volume of purchases of Spanish residential property by foreigners increased by 44% over the year
Foreigners continued to actively buy housing in Spain. At the end of the third quarter of 2022, the number of real estate transactions with this category of buyers increased by 23% year-on-year. More specifically, according to the Ministry of Transport, Mobility and Urban Development, in the third quarter of 2021, foreigners, both residents and...
Read more -
The European Central Bank (ECB) predicts that interest rates on lending, the growth of which has seriously increased since July 2022, will not reach the peak of growth until at least the summer of 2023. Along with the general slowdown in the global economy, the continuing rise in inflation, rising prices for raw materials and energy, as well as the...
Read more -
About 55,000 real estate agencies in Spain are on high alert. The market, quite suddenly, faced another manifestation of a shortage in the market — most of the apartments in the country are sold out. After the active phase of the pandemic, against the backdrop of the economic recovery of 2021, and then driven by the crisis that began in 2022, tens...
Read more