News, page 25

The regions of the Mediterranean coast of Spain are currently the most popular real estate markets in the country among international buyers. The main buyers of housing are British citizens. They are followed by citizens of France, Germany and Switzerland. Argentines also appeared in the top ten of the rating of nationalities. All of them are attracted by the high quality of life, good infrastructure, climate, developed tourism sector and many leisure options. The Costa del Sol, in the autonomous community of Andalusia, is...

Everyone sooner or later thinks about the opportunities to make money on investments. Real estate is often the first thing that comes to mind and it's not a bad option even for beginners. But where to buy and which market to choose? UAE, USA or maybe Spain? The latter is a promising asset fund for international investors and many today consider real estate in this country as a healthy alternative to other investment assets. Against the background of the current changes in the global economy, the question arises what Spain can offer...

Millenium Hospitality Real Estate Company | SOCIMI SA (approx. then simply Millenium or MHRE) acquired the hotel «Iberostar Las Letras Gran Vía» in Madrid, located on Calle Gran Vía, 11, for an amount of almost 70 million euros. The amount does not take into account the additional costs of concluding the transaction, but everything was paid at the expense of the company's own funds. The hotel has 109 rooms, located in a fairly elite area at the intersection of Calle Gran Vía and Calle de Alcalá — the cultural and commercial center of...

Last week, the area of Ciudad Vieja (Old Town), in A Coruña, came to the attention of the media due to the fact that it became the second richest area of Spain. This became known from the statistics on IRPF, which were published by the Spanish Tax Service. Based on these data, the media were able to conclude that the largest number of the richest residents is located in Ciudad Vieja. Only the La Moraleja district was able to overtake him. Despite the fact that only a few families of Ciudad Vieja provide most of the taxes, this is...

Although Spain has long needed a total renewal of its own housing stock, the market of new buildings is still far from the indicators of sufficient production of new real estate. The big factors are: missing raw materials, inflation, rising prices for labor and building materials. The market of new buildings is scarce and plays a big role, and will continue to play, the secondary market. In general, this has a negative impact on the market, but it is also a problem for the authorities. Old housing is much less energy efficient and...

According to CBRE of Spain, the Spanish logistics real estate market recorded record levels of investment attraction and the volume of contracts concluded in September 2022 (end of the third quarter). In the first 9 months of the year, the sector received more than 2.05 billion euros, and the volume of the real estate area involved in the framework of contracts concluded on the market exceeded the mark of 2 million square meters. In both cases, this segment of the Spanish real estate market has record figures on hand. In particular,...

Representatives of the real estate market of the Balearic Islands strongly opposed the proposals of local authorities aimed at reducing the environmental burden and the problem of overpopulation in the Balearic Islands. One of such decisions was the consent of the Parliament of the autonomous community to grant the right of the government to the region to impose restrictions on the purchase of residential real estate for foreigners. We are talking primarily about those who have been living in the archipelago for less than 5 years....

Malaga is a very popular market for real estate investors due to its popularity with international tourists and expats. The city stands out among others for its stable economic situation, the degree of digitalization of services, expressive culture, good conditions for tourists and a comfortable warm climate. The demand for housing in the region is high and investors have something to earn. Thus, according to the report «IMIE Local Markets» of the real estate valuation company Tinsa, for the third quarter of 2022, prices for...

Alicante is one of the most actively growing real estate markets in Spain. In particular, the city holds the leadership in the number of sales of residential real estate for every 100 houses, both from the secondary and primary markets. According to the analysis carried out. According to the analysis of the residential market conducted by the real estate platform Tecnocasa, there are 3.12 sales transactions for every 100 residential properties on the secondary market in Alicante. This is higher than the average for the autonomous...

At the moment, the real estate market is still one of the most profitable sectors of the Spanish economy, both for large and small investors. Spain as a whole is one of the largest markets for real estate investment, especially residential. Experts point out that the Spanish market remains popular mainly for three reasons: the presence of stable passive income, high profitability of deposits and confident price movement without sharp fluctuations. Even with the current instability in global markets, including real estate...