News, page 31

Although the Spanish real estate market has coped with many changes over the past decade, there are always enough areas offering extremely elite and expensive properties to buy. Housing is almost unaffordable for the average buyer. According to a study by the Idealista real estate portal, the most prestigious street in Spain is located on the Costa del Sol. Thus, residential real estate in La Zagaleta, Benahavis, can cost almost 10 million euros. La Zagaleta is followed by the exclusive "Calle Sant Carles", located in the...

In the rapidly changing economic and international circumstances, the European real estate market is recovering after the pandemic. In 2022, the main driving force was the trend of strong growth in sales and prices for residential real estate. Interest in villas, condominiums and apartments in Europe has grown significantly, and Spain has become one of the most popular destinations. The Spanish market attracts not only an ordinary buyer, but also a wealthy one. This year, about 41% of home buyers were looking for a property for 2.5...

The secondary housing market in Spain is thriving after the end of the acute phase of the COVID-19 pandemic. The activity of the domestic buyer, the return of foreigners, the investors' attempts to find a safe haven — there are plenty of reasons for growth. Today, in the third quarter of 2022, this segment of the Spanish residential real estate market accounts for 13% of all sales, and this is the highest figure since 2017. Thus, since the beginning of the pandemic, the demand for buying a second home has increased by 44%, according...

You can often hear that summer in Spain can be a good time for many things, but definitely not for the real estate market. It is a time of heat, holidays and vacations. It seems that the entire market freezes, focusing its attention on several regions and major market segments. According to José María Basañez, President of Tecnitasa real estate appraisal agency, [compared to other seasons], there are fewer residential real estate sales on the market in summer, as those who have houses either rent them out or enjoy them themselves,...

Although summer is a time of rest and vacations, there are enough reasons and people who choose August as a period for large real estate purchases. Armando Lasauca, CEO of the real estate agency aProperties, is one of those people who popularize real estate purchases during this period. He believes that, based on the data available to his company on the dynamics of the Spanish market, it is in the summer that most families decide to buy a new house. This observation is true for the coastal regions of the countries. ...

Housing security is one of the most important factors for a place of residence. The Spanish Insurance Business Association (UNESPA) conducted a study of the number of thefts in insured Spanish homes, identifying 3 leaders among the country's major cities in the number of such incidents. These are Granada, Pontevedra and Ciudad Real. The number of burglaries is significantly higher than the national average. Ceuta, Aviles and Lorca have the lowest theft rate. The analysis of the UNESPA was based on the data of the real estate company...

Although Gipuzkoa tops the ranking of the most expensive regions of the Basque Country, there are several cities on its territory where you can buy a house for less than €1,600 per square meter. With an average indicator for the province in May 2022, the price of housing was above €3,200 per sq.m. The Basque residential real estate market has remained and continues to be one of the most expensive in Spain. Only Madrid and the Balearic Islands bypass this region in the high cost of housing. In the first case, the buyer will have to...

Investments in the residential real estate sector in Spain continue to grow, and the co-living and co-ownership sectors are becoming increasingly popular. During the first half of 2022, there were about 3,900 transactions in the sector, and total investment exceeded €433 million, accounting for 18% of total investment in the country’s real estate sector, according to CBRE in Spain. This volume of investments means a 12-fold increase from the indicators of the first quarter of this year, when the sector received €35 million, and a...

The economic recovery after the COVID-19 pandemic has reduced the price bubble in the market, as developers can again build new real estate and expand supply to meet new demand in the capital of Spain — Madrid. In addition, Leon has recorded excellent rates of new housing on the market. The number of new buildings in this region without buyers reaches 8,060 units. This is 32 more properties than it was at the end of 2020. Leon demonstrates the Spanish market’s attempts to combat the rising prices and the shortage of housing supply...

In recent months, Lugo has been attracting more and more foreign nationals to buy local housing. Lugo's market is lively, with wide and varied offers and affordable prices, lower than in other areas of Galicia. Prices in Lugo are also lower than in the countries of most foreign buyers, allowing them to save over €150,000. Additionally, they often save up to €200,000 for housing repairs. Mark Atkinson and Rosy Costoya, founders and owners of founders and owners of Galician Country Home, a service company operating in the real estate...