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After two years of the pandemic, Spain began to gradually return to normal life. At the same time, the local real estate market began to gradually recover. The latter was clearly evidenced by the first quarter of 2022, which was marked by a noticeable increase in the estimated value of real estate assets. A real estate consulting company, CBRE,...
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According to the statement of the Bank of Spain, the residential real estate market in Spain shows no signs of decline, so there is no need to apply macroprudential measures (approx. sector support to protect against systemic risks). There has been a «slight» increase in real estate prices, but it should not be a cause for concern. According to...
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The real estate sector in Spain completed the first quarter of 2022 with investments totaling about 4.3 billion. euro, which represents an increase of 155% in annual terms. This data is shared by the real estate consulting agency CBRE. Real estate funds, investment funds and deposits of private investors accounted for 53% of the total amount of...
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In the first quarter of 2022, the supply of residential real estate for sale in Spain decreased by 1% year-on-year. Below are the data published in the Idealista research report on the state of real estate markets in Southern Europe. With the exception of Barcelona, the capital cities of Spain record a decrease in the supply of real estate on the...
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The coastal cities of Benahavis and Marbella (both in the province of Malaga), Calvia (Balearic Islands) and Sotogrande (Cadiz) occupy the first places in the latest ranking of areas in Spain with the highest prices for buying and renting housing. In the first quarter of 2022, the average price tag for buying a home in these cities exceeded 1...
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At the moment, the real estate market is very heterogeneous. Within its framework, you can easily find areas where the price per square meter is twice as high as the prices in others. One of these areas is Lezcairo and Ensanches in Pamplona, the capital of the autonomous community of Navarre. Both are at the top of the ranking of the most...
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The real estate market is one of the main driving forces of Spain's economic recovery. In particular, it is predicted that 2022 will be an excellent year in terms of sales and investment inflows. However, there are a number of problems that have affected and continue to affect the sector, such as, for example, the problem of access to housing...
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The number of residential real estate transactions through donations and through inheritance has continued to grow in Spain for several years in a row. According to the latest data from the Institute of National Statistics of Spain (INE), it is enthusiastically recorded that the number of housing sales registered in the registers reached about...
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The average interest rate at which Spanish financial institutions issue mortgage loans in March of this year was 1.5%. Just a month earlier, in February, the percentage was at the level of 1.4 points. Curiously, in March 2021, the rate was also at 1.5%, according to Bank of Spain data collected by the Spanish Mortgage Association (AHE). Thus, the...
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The prices for housing in La Rioja went up by 4.6% in the first quarter of 2022 compared to the results for the same period in 2021. The data were published by property valuation company Gesvalt in the «Housing Report» for the first 3 months of this year. According to Gesvalt analysis, the mean price for sq. meter of residential property in the...
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