News, page 28

One of the most important expenses in a person's life is buying their own house. Along with buying a car, this is one of the most demanding financial decisions that a layman can take to prepare and plan. In the last few years, a huge number of Spaniards have taken care of buying their own homes, largely due to the large savings accumulated during the pandemic and incredibly affordable credit conditions. According to the research of the real estate portal Fotocasa («Study of the housing market in 2021-22»), since the beginning...

The European Central Bank (ECB) has already raised the key lending rate twice in 2022, ending more than a decade of extremely cheap money that the general consumer could get negative rates. At the same time, the increase in the cost of lending this year was the highest in the last 22 years. While uncertainty in Europe is growing, the US is already sending signals of its intention to raise lending rates further. ECB President Christine Lagarde has admitted that there are no restrictions on raising rates now in the face of inflationary...

One of the most serious problems that a homeowner in Spain may face is squatting or self—occupation of housing. In most cases, we are talking about the behavior of vulnerable social groups deprived of any "roof over their heads", which is expressed in the search for an empty house and, in case of prolonged absence of the owners, their unauthorized seizure for the purpose of further residence. As a result, in most cases, the second homes of certain owners suffer. Over the years, the number of squatting cases in Spain has only grown...

In 2022, the City Council of Jerez (Jerez de la Frontera, Cadiz province) approved the construction of 488 residential buildings, which significantly exceeded the volume of construction in the city last year. Of the specified number of construction licenses, 162 permits were granted for the construction of residential facilities in the historical center of the city. In addition to actively attracting private investment for such construction, the municipal authorities of Jerez are confident that they will be able to launch a...

At the moment, few people have doubts about the onset of a new recession in the global economy. Many wealthy individuals, investors, and companies are actively searching for "quiet bays" for their savings. Various assets are being used, including real estate. However, what should those who want to buy real estate purely for their own use do? Is it a good time now? What things should I know about? To date, an ordinary buyer needs to keep in mind three key points of the right choice of real estate, especially in the case of buying...

In the current period of uncertainty in the world markets, some large international companies from the field of alternative investments have decided to double the volume of their assets in Spain. The American Castle lake Foundation, formerly TPG Credit, announced in the summer of 2022 that it had chosen Madrid as the location of its new office, which would work for the whole of southern Europe. New headquarters were opened in Spain by AEDAS Homes, as well as Socimi Milleniums. Representatives of the companies point out that Spain,...

According to the statistics of the real Estate Registry of the Association of Real Estate Registrars of Spain, from January to June 2022, more than 328,000 residential units were registered on the Spanish real estate market. Such a volume of transactions on the market has not been observed since the beginning of 2008. In quarterly terms, both quarters of 2022 performed well, however, it was the first one that became the leader. In the first three months of this year, about 164,300 real estate transactions were concluded on the...

The explosive growth of housing sales in Spain, together with the increase in the cost of production of new facilities, for example, due to a shortage of building materials, forced the prices of residential real estate in the country to actively grow in the last two years. If in 2019 the annual price growth barely reached 4%, then only in Q1 2022 prices increased by almost 10%. The local market has not seen such an indicator since the beginning of 1991, as detailed in the latest monthly report of the European Central Bank (ECB)....

If we summarize the opinion and recommendations of experts of the European real estate market about the current situation, then they can be expressed in the following phrase: "Hurry up if you are selling a house. Take your time if you are buying. Stay if you have taken out a loan". It is already obvious that the current tightening of monetary policy, actively implemented in the eurozone, will lead to a cooling of demand in the real estate market of the EU member states. A decrease in the inflow of investment funds to markets such as...

The worldwide real estate market started to actively recover when the pandemic crisis ended, bringing back former investors and attracting new ones. Even if there are currently enough developing and promising markets for investments on a global scale, the biggest players continue to make a big bet on the USA and Europe. So far, roughly $ 9 trillion has been invested in both directions by the 200 largest investors in the sector for the second half of 2022. Despite the fact that the European market is drawing more and more attention. ...