News, page 33

The global financial crisis of 2007-08 provoked a whole cascade of crisis phenomena in the economies of many European countries. For Spain, the Great Recession led to the brick manufacturing crisis of 2008, which lasted almost a decade. By the end of the 2010s, it was finally overcome, the construction sector and the country's real estate market are now approaching pre-crisis levels, but new issues come. However, for now, the real estate market, which has recovered from the pandemic, remains the engine of the Spanish economy. Even...

Spending days on vacation in the coastal cities of Spain, many people often ask themselves: “What if I invest money here and buy a house?”, “Maybe a penthouse with a sea view?”, How much does such property cost in general and how much should a buyer pay?”. These are the questions that Idealista, a real estate portal, receives. And, having performed a market research, the portal got interesting information. According to Idealista, there are about 8,000 penthouses offered for sale on the national market today. All of them are located...

Bridge lending is an upward trend around the world and is growing in popularity in the Spanish real estate market in particular. Bridge mortgages, essentially a form of micro-lending, are part of a large private finance market, a growing alternative to the traditional banking sector. This private form of lending is firmly established in both developed and developing countries. The British company Preqin, which collects and sells financial data in the alternative investment market, published information in January 2021 that in...

There has been an extremely active market movement in the autonomous community of Andalusia in recent months,. As in the case of Granada, AEDAS was one of the main drivers of this growth. Today, however, 2 notable new players are entering the market: Cajamar, an online banking Company, and Haya Real Estate, a real estate agency. The joint project of the companies offers discounts of up to 35% on more than 5,800 properties, 1,900 of which are located in Andalusia. The offer will be valid until August 31st. ...

Premium areas of the hospitality sector have recently received great interest from investors. In the 1st half of 2022, 5 “prime” destinations took a confident lead in demand among depositors: Madrid, Barcelona, the Balearic Islands, the Costa del Sol, and the Canary Islands. The Colliers report indicates that together these areas have attracted €1.3 billion, representing 86% of Spain's total hospitality investment of €1.5 billion. Among the cities in the country, Madrid is the leader, accounting for €443,000,000, which were...

The acquisition of assets through leasing is a good alternative for both individuals and companies with insufficient liquidity. The way to buy real estate at a time of high inflation and market instability is quite important. Certain forms of leasing allow you to sell a house without a bank and an intermediary and gives you the opportunity to continue living in it. This financial transaction is known in Anglo-Saxon countries as "sale and retention". In Spain, Inverpribant Rent offers to implement this opportunity. Over the past two...

In the last two weeks, there was information about the volume of renovation of residential real estate in Spain. According to the National Association of Distributors of Ceramics and Building Materials (Andimac), by the end of 2022, the market can expect to repair and reconstruct over 1,750,000 homes, which is 55,000 more than in the previous year. In addition, the average budget for the repair of each property is projected to increase to €1,017 per square meter, which is 3.4% more than the budget in 2021. ...

The affordable luxury real estate market for co-ownership is becoming a reality in Spain. According to the Idealista real estate portal, the Spanish proptech company Vivla has closed its first sale of co-owned housing on the island of Formentera. Vivla representatives report: "We are talking about a villa in Cala Saona worth €2.5 million. The property was divided into 8 separate parts, each worth €345,000, including taxes. Co-owners are guaranteed exclusive use of the property for at least 6 weeks a year, two of which fall during the...

Azora, a real estate investment management company, has acquired 1.1 million square meters of land to build affordable housing in Valdecarros. The latter is considered the largest urban development project in Spain and one of the largest in Europe. Thanks to this acquisition, Azora has become one of the largest private owners of this Madrid city complex. Valdecarros is part of the so-called "south-eastern strategy" of Madrid. This is an ambitious urban development plan that provides for the construction of more than 51,000...

The second half of 2022 promises to be difficult for the Spanish real estate market. Over the past six months, there have been several new factors in the global economy that can fundamentally change the market. The world economy, like the Spanish economy, will have to face the consequences of rising inflation, the Russian-Ukrainian conflict, rising prices for raw materials and energy, and rising interest rates on lending. The Spanish real estate market, which is tied to macroeconomic indicators, will have to adapt. ...