News, page 42

Pedro Congosto, the mayor of Santa Olalla, said that his municipality was "getting closer and closer to getting rid of squatting completely." The statement was made after evaluating the work of the Mayor's Office in cooperation with the law enforcement forces and the security corps to implement a solution to this problem. Congosto explained: "Early in the week, while we were enjoying the holidays, we received the news that our struggle against illegal occupation of houses in our city had borne fruit. This time we have freed the...

An elite house in California was put up for sale for more than $2,000,000, but it cost the buyers just over a quarter of a million. As you might guess, this is about a fractional ownership of property, which allows several people to unite to share the financial burden. In this case, a group of 8 people decided to divide the high price of a large luxury house of $2.2 million, reducing the final price for each to only $275,000. With the price, the ownership of this building was also divided. Buying a share in a house makes it...

Modular (or prefabricated) houses offer options for living for every taste and budget, and they can be built quickly and simply. The demand for this property is growing gradually, but there are companies on the market that have a long history and extensive experience. Pineca is one of these companies. This family business, owned by immigrants from Lithuania, has been on the market of prefabricated wooden houses for almost 30 years. Representatives of the Idealista real estate portal had the opportunity to talk with Victoria Seijas,...

With a strong interest, the Singapore Sovereign Wealth Fund (GIC) continues to invest in the Spanish real estate market. Investments are made through P3 Spain Logistic Parks (hereinafter "P3") is a Spanish real estate investment fund or "socimi". GIC has increased the volume of its portfolio of assets in the logistics and industrial sectors of the country by 2.3 times in 2022 alone. Today, the total value of GIC assets in Spain has reached 679.4 million euros. This was reported to the CBRE real estate service and investment agency by...

The housing market continues to grow, and real estate portals record a nationwide increase in prices and sales. For example, in April, prices increased by 10% year-on-year in most provinces of Spain. Despite the state restriction on revaluation of the lease agreement at 2% until June 30 (part of the government's anti-crisis plan), market prices for the sale and rental of real estate continue to grow rapidly. According to the latest data from the Spanish National Institute of Statistics (INE), the Competitiveness Guarantee...

From January to April of this year, there was a significant increase in housing prices in Barcelona and Madrid. Although a slight slowdown is expected in the summer, from September until the end of the year, growth is expected to return to an upward trajectory again. In 2021, Spain's real estate sector is recovering from the COVID-19 pandemic. But, in total, about 674,000 residential houses were sold in Spain last year. Of these, 9% were in Madrid and Barcelona. Controlling the growth of rental rates in Barcelona has instead...

According to information provided by Idealista, the real estate company and web portal, buying residential real estate in the city of Segovia is a good investment strategy if an investor is interested in getting the highest yield. A detailed analysis of the local property market has shown that the majority of requests for apartments come mainly from current and future university students. In some cases, students are forced to share housing with other students in order to be able to pay the high fees charged by landlords. ...

Lleida is the capital of the province of Lleida and provides the cheapest residential property for sale in Spain. In April 2022, the average price per square meter in the city was 1,065 euros. This is reported by Idealista, the real estate portal, in the latest report about the residential property price index in the country. The second cheapest metropolitan city in Spain is Murcia, with an average price of 1,080 euros per square meter. Murcia is followed by Avila with a price of 1,082 euros per sq.m. ...

Purchasing a home near the Sardinero beach in Santander, Cantabria, will cost more than buying a home near the Sagrada Familia in central Barcelona, the world's largest unfinished Catholic church. According to a study by iAhorro, a mortgage consulting company, in the first case, the house price is at the level of 4,730 euros per sq.m., while housing near the temple costs about 4,470 euros per sq.m. Only a small number of people can afford living in an elite area. However, if houses in the central districts of large cities and...

The Autonomous Community of Madrid shows a stable growth rate. In 2021, it reached 6.5% and strengthened the community's position as the leading economic region in the country. Generally, the community provides about 20% of the national GDP. The region is the main destination for companies, investments, and the population. Speaking of population, since 2000, the number of residents has increased by more than 1,500,000 people, reaching approximately 6,751,000 in 2021. This represents an increase of 30% during the indicated period...