News, page 26

The formation of the proptech ecosystem in Spain began only 6 years ago. At that time, there were only about 50 startups involved in the development of the technological equipment of the country's real estate market. Over the years, a lot has changed both in Spain itself and in the European real estate market, with which it is closely connected. According to the Mapaproptech portal, there are currently 514 proptech companies in Spain, and according to «Proptech in Europe» report published in August 2021 by Unissu, Spain was the third...

The situation with global inflation continues to affect the purchasing power of the Spanish population. Particular attention should be paid to the households of the Balearic Islands, one of the most expensive regions of the country. According to recent data, local households need to spend 31.8% of their total income to ensure that they can buy a home. Prices for the residential real estate of the archipelago itself at the end of the third quarter of 2022 were 23.5% higher than their figures a year earlier. In 2021, households were...

Economists of the European Central Bank (ECB) warn about the upcoming general fall in residential property prices in the eurozone markets. However, Spain is an exception in this case, since in its relation it is worth expecting a reverse trend. And despite the obvious problems that this development creates for the Spanish economy in the current situation, so far this is still good news for those who plan to make money on investments in the residential sector in the coming year. However, it is important to establish why this supposed...

For many international investors studying the Spanish economy, it is no secret that Madrid, the capital of the country, offers some of the best conditions for earning money on real estate investments and high profitability of such activities. However, it is in the last few years that the city has strengthened its position as a key investment destination in the market. Currently, coupled with the high economic instability of global markets and global crises, real estate in general is becoming an excellent asset for many to save money...

The unbridled growth of inflation, the international crisis related to the conflict in Ukraine, the increase in interest rates by the ECB — this and much more portend major problems for the economy of the whole of Europe. Spain, which is already suffering from systemic unemployment, falling average incomes and a number of other problems, may find itself in a rather difficult situation. The real estate market, in particular the pace of new construction, is a good indicator of the strength or weakness of a particular country's economy....

Regionally, the Spanish real estate market is heterogeneous, both in the number of offers on the market, the quality of real estate, and in prices. From autonomous community to autonomous community, from province to province — prices vary quite a lot. It is worth carefully studying the market before buying. Below is information about the cheapest regions of the country for buying real estate for those to whom price is a determining factor. However, considering that the choice of new housing is one of the key factors in a person's...

Reental and Nash21 have entered into a groundbreaking agreement to collect rent for “tokenized” real estate, i.e., accommodation whose value has been turned into a limited number of tokens stored in the blockchain system. By collecting rent from a Seville residential property, the agreement guarantees a profit. This type of agreement has become one of the next steps on the part of both companies to promote and spread blockchain technologies in the contemporary real estate market. Similar practises are already being created in...

According to Sociedad de Tasación, an independent appraisal company, by the end of the third quarter of 2022, prices for new buildings in Madrid will continue to grow with an increase of another 7.8%, reaching 3,968 euros per square metre. One of the main reasons for the price rise is the inflation crisis, which has resulted in rising prices for all goods and services, including energy and construction materials, without speaking about the cost of labour. In fact, the last point is the most deficient commodity in the modern Spanish...

Buyers most frequently turn to the secondary market for real estate for sale, choosing affordable and previously occupied properties. The search for affordable housing is more essential than ever for many Spaniards, in a situation of the country’s extraordinarily high, rapidly growing housing prices, and a lack of new developments. Such units deserve the attention of investors as well. There are currently quite a few low-cost housing options for sale in Oviedo, the capital of the autonomous community of Asturias. These homes are...

The municipal authorities of the Spanish regions are always in charge of determining the requirements for the interior design of living dwellings. As a result, the requirements and costs for converting non-residential space into residential space vary depending on the region of the country. For the quickest and most profitable development of a residential facility, this justifies the search for specific communities, provinces, and comarcas where the requirements are the least strict and the costs are the lowest. ...