News, page 16

Against the background of constantly rising prices for residential real estate, information about cities and regions with affordable offers that adequately combine the cost and the quality provided for it is becoming increasingly important. This information was recently shared by the Idealista portal, calling the city of Almeria the cheapest of the major cities of Andalusia for buying real estate. As of December 2022, the average price per square meter of residential real estate in Andalusia has increased by 5.7% over the past year....

The Portfolio business publication interviewed Martin Monson, CEO of the Colombian real estate company FincaRaiz, which conducts its business in several markets, including Spain and the United States. Monson spoke in detail about the plans of their platform for growth this year, described the context of the current macroeconomic situation, technologies and how this will affect the real estate markets. In an interview, the CEO of FincaRaiz also highlighted the growing popularity of the Colombian real estate market. ...

At the moment, the purchase of housing in Spain is becoming a real test for buyers. In the last couple of years, after the grip in which COVID-19 has held the global economy since 2020 loosened, the Spanish real estate market has experienced a significant recovery. In 2022, it managed to reach the peak figures recorded in the market before the economic crisis of 2008. It is possible to note many positive features from such a recovery, but everything has a downside. The growth process has led to an extraordinary rise in the price of...

The Costa Dorada is gradually recovering from the pandemic and withstands the blows of the emerging economic crisis, relying on the tourist segment and the ever-growing popularity among wealthy buyers, both of Spanish origin and foreigners. In this region of the country, it is possible to find many elite objects created specifically to meet the needs of the wealthiest buyers. Below are two examples of premium homes that can be found on the Costa Dorada. You can pay attention to a villa in the small resort town of Koma-Ruga....

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 prospect for the market, one of the key factors of which is rising mortgage lending rates. What should ordinary customers do in this situation? Lending rates will not stop their growth until at...

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. According to the Bank of Spain, already in the third quarter of 2022, the country's public debt has already reached 116% of its GDP. And this is without taking into account the recent...

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, concerns the impact of the armed conflict in Ukraine. The main innovation of the latest package of measures embodied in the new Royal Decree will be a mandatory six-month extension of the...

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 cities. An example of such a local market, whose prices have fallen markedly in the past year, is Samara. In this city, the cost has fallen, including on the ground. ...

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 to the overall movement of markets. However, according to experts at S&P Global Ratings, a collapse in the market should not be expected. The weakest countries in terms of prices, those...

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 aimed at attracting international interest in equestrian sports and golf and inspired by such popular destinations as Sotogrande and Valderrama. The plot in Manilva is picturesque — it offers a...