News, page 41

Spain has a serious lack of residential property available for rent. During the next two decades, the local real estate market will need huge, multi-million dollar investments in order to bring supply in line with demand. Currently, every fourth family in Spain lives in a rented dwelling. It is estimated that housing rentals will only gain popularity among buyers, leaving classic property purchases far behind. This is due to factors such as rising real estate prices and difficulties in getting a mortgage loan. Socio-cultural...

Residential property sales in Andalusia, as elsewhere in Spain, continue to break records nonstop. In March of this year, the Spanish National Statistics Institute (INE) recorded 12,248 real estate transactions. This is the highest figure for any month since January 2008. The same pattern emerges in the whole country. In Andalusia, the results in March 2022 were 37% higher than in March 2021. At the same time, the increase was 25.6% in the whole Spain. The Autonomous Community also took third place in the national rating. The...

The financial sector has entered a long hallway of economic problems in Spain. In the last year, to today, the euro has lost almost 8% of its value against the dollar. This is the result of such factors as the rise in interest rates by the US Federal Reserve. Nowadays, the exchange rate is 1.07 US dollars per 1 euro. This is the lowest rate since 2017. Some investment banks, such as JP Morgan, and also analytics firms such as CMC Markets and Capital Economics, suggest that these two currencies will reach parity this summer. This will...

In 2022, demand for residential property remains almost the same as pre-pandemic levels. This will mainly happen due to the increase in demand for second-hand housing and, most importantly, due to the growing housing demand among Spanish people. As for new homes, by the end of the fourth quarter of 2022, prices for new buildings will rise by 4.4% at the national level. House prices will grow by 3.4% on the secondary market. The market data described below was gathered and analyzed by the CBRE residential research division, a leading...

Kineki is a new patented construction method that uses simple, renewable, durable, and most importantly, eco-friendly materials. This architectural style allows you to be closer to nature through the means of your home. Arquine’s specialists explain that this type of modular construction offers an incredible number of possibilities and variations. It allows you to build almost any type of premises in much less time than with traditional building methods. In fact, residential units built with the Kineki system from suitable...

Sales are in full swing in the Spanish real estate market. In the first five months from January to May, by the summer of 2021, more than 50,000 residential units were sold in the country. This was a record that the sector had not observed since early 2008. Earlier, the primary housing market was the leader in sales. Today, the main activity has shifted to the secondary market. This occurred as a result of the lack of new properties for sale and the enormous growth in housing demand. ...

According to meaningful data, in Spain, 81% of the housing stock bears the E, F, or Gram markings. It means that 4 out of 5 buildings are “bad” or “very bad” in terms of CO2 emissions in the country. And up to 84.5% of the housing stock are residential units with inefficient electricity consumption. All this has serious economic consequences. One of the findings of Colliers and Balantia's report "Energy Efficiency and its Economic Impact on Housing" states: "Neglecting investment in energy efficiency of Spanish housing means wasting...

The Russian-Ukrainian conflict has caused inflation to rise at an unpredictable pace in Spain in the last three decades. All economic sectors came under siege. Neglect is obvious even in projects under government tenders in every economic sector. Nerja City Council was forced to pay attention to the problem of social housing in the city. It becomes highly relevant in the current situation. The municipal authorities have started reviewing the basic budget for the construction of 11 social housing projects (note: subsidized...

The number of residential real estate sales in Murcia in March 2022 increased by 8% year-on-year and reached 2,369 transactions. The average price per square meter is 961 euros. This is the fourth-lowest figure in Spain, according to the country's General Council of Notaries. The growth in the number of housing sales was almost twice lower than the national average. It rose by 15.5%, and the average price reached 1,583 euros per sq. m. As for the indicators of individual types of real estate, sales of apartments (flats) in...

Changing one’s place of residence is always an extremely important decision and not something that can be taken lightly. There may be many reasons for gaining more independence, changing the environment, or perhaps making work easier. But whatever the reason for moving, before we start looking for a future home, it would be nice to decide which area deserves the most attention. Seville could be a good choice. ABC Seville decided to present the best areas for investing and buying housing in the region, according to the results...