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Vigo has been chosen as the city with the best quality of life in Spain, but now the city of Pamplona has topped the rankings compiled by MWCC. We tell you everything we know. Last May we told you that, according to a study conducted by the Organisation of Consumers and Users (OCU), the Spanish city with the best quality of life is Vigo in terms of mobility, public safety, health services, educational services, cultural, sports and leisure activities, pollution, labour market, cost of living, real estate market and cleanliness of the...

The housing shortage in Spain has become one of the biggest social and political problems for the country. The persistent lack of residential real estate on the market is forcing many political and public figures, as well as the real estate sector itself, to look for new ways to help and support the population. One of these ways is converting vacant office spaces into rental apartments. The rental segment of the market is now one of the most rapidly growing, and above all, it needs new offers. Madrid and Barcelona are likely to...

Mexico City, (EFE) — Latin American investment in Spain is growing year after year. Spain is one of the main entry routes for transatlantic investment in Europe. The Iberian Peninsula has gained the greatest popularity among the citizens of Mexico and Argentina. Investors from these countries generously invest in the country’s technology and financial sectors, as well as in the local real estate market. In the current situation, private investors and businesses from Latin American countries are seeking to diversify their asset...

M&G, an investment manager, recently published a report on the risks to the global real estate market and their sources. The conclusions of the company’s research were unequivocal: the market is rebalancing, but the storm has not passed yet. Among the main market impediments and risk factors, M&G cites tighter lending conditions in addition to higher interest rates, instability in the banking system as a whole, a number of structural changes in the construction sector, including the need to bet heavily on ESG standards, and the...

The recovery of the real estate sector after the pandemic in Alicante has passed with lightning speed. Sales turned out to be so good that the province became the leader among the provinces of Spain in sales of residential real estate in 2022. About 60,000 transactions were concluded, which was the highest figure since 2007. The main buyers were foreigners, by and large Europeans. The focus is on the secondary residential market. Prices have increased both in the capital Alicante and in the tourist areas of the province. Among the...

The Bank of Spain today pays special attention to ensuring that new mortgage loans issued by the country's financial institutions are not provided at too low interest rates, trying to return the demand for credit resources. The central bank is concerned about the potential unprofitability of such practices. The Bank of Spain found that rates on new loans, which averaged 2.91% in December and 3.54% in March, suddenly slowed their growth. They began to grow more slowly than the key rate. Because of this, the spread between them...

One of the most significant financial investments in a person's life is buying a house. It requires a lot of time, effort, knowledge and, of course, savings. The latter, even with affordable loans, will require many years of accumulation. According to a study by the InfoJobs platform and the real estate price index from the Fotocasa portal, in 2022 the average period required to accumulate money for mortgage payments was 6.7 years or 81 months. In 2021, the average term was 6.2 years or 75 months. This is even less than in...

According to the European Mortgage Federation (EMF), in the first quarter of 2023, Spain became one of the cheapest countries in Europe to open a mortgage loan, along with Portugal and France. The latter is closest to Spain, in the latter the average interest rate on a mortgage loan is at 2.67%, while in France this indicator is at 2.5%. Spain has been below the continental average for several quarters. For example, in the third quarter of 2022, the average European level was 3.48%. Spain was 42% lower than this indicator, featuring...

Experts of the Spanish analytical agency DBK note that the number of housing facilities for the elderly on the market is growing, despite the fact that this segment of the market is at the initial stage of its development. The industry of such housing received a serious blow during the pandemic, supply growth has decreased and the employment of premises has decreased, but now this market is apparently recovering. About 63% of housing for the elderly are apartments of free development, that is, private facilities that are sold at...

In recent years, the trend of real estate construction and alternative residential real estate assets has been gaining momentum in Spain. We are talking about a wide variety of projects, from general type colivings to housing for the elderly. Social housing and flexible living spaces are one of the promising areas of development for the market today. According to an analysis conducted by the consulting company Activum, up to 77% of the total supply of this type of housing in Spain is located in Madrid and Barcelona. Specifically, the...