News, page 46

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 among young people. The employment situation and current real estate sales prices are the main reasons preventing young people from accessing housing. In this regard, large investors and...

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 53,600 units in February 2022. This is the best indicator for the last 14 years and an increase of 27% compared to the first two months of this year. ...

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 interest rate on a mortgage loan for a period of three years for the purchase of housing, which the borrower can get from Spanish banks, returned to the indicator of a year ago after...

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 Autonomous Community of La Rioja was €1,108 in the first quarter of 2022. For reference, the mean price for sq. meter in Spain is at the level of €1,439. ...

Just a few weeks ago, at the end of April, the real property chain ComprarCasa carried out a study as a result of which the demand for the second houses for own use is expected to grow by 50% this year. Today, Spanish proptech company Vivla offers the opportunity to own a €1.4 million home with an investment of €175,000. This opportunity has become available to potential clients due to the development of a fractional / share property ownership system, backed by a developed legal framework created by a well-known law firm...

The Tetouan district is one of the most densely populated districts of Madrid, second in population density after Chamberi. It became known for its flamboyance and strong spirit of multiculturalism. According to the «Living Loving Tetuán» report by CBRE Spain, there are more than 300 people for every hectare of living space in Tetuán. In total, there are 67,306 residential properties in the district. About 40% of the district population are people aged 30 to 50 years, that is the category of the population that has the...

The City Council of Lugo has presented the building renovation project in O Carme, the heart of the Camino Primitivo district in Santiago de Compostela, with the aim of turning it into Spain's first "creative coliving" municipal project. This project should mark Lugo as one of the best places for creative development, providing with an opportunity for coexistence for a variety of creative personalities and the development of new directions in art. In order to develop this "coexistence" of creative professionals, Lugo City...

In 2022, the Spanish logistics real property sector will maintain the good pattern of economic development set last year. In particular, experts from the real property consulting agency Knight Frank expect that the sector should receive about €2 billion of investments this year for its further development. The growing integration of Spain into the Trans European Network – Transport (TEN-T) is among the numerous factors supporting the positive outlook for the sector. So, last year it was announced that Spain intends to...

According to the analysis report "Perfil del comprador de obra nueva" (transl. "Profile of a new property buyer"), prepared by the real property portal Fotocasa, it became known that in the last 12 months, there were three buyers of a new-builts for every 10 buyers of residential property in Spain. In view of this, the question arose why interest in this type of real property suddenly increased? It follows from the report results that the main reasons to buy a new housing were: the basic desire to improve current living conditions;...

You can dream for a long time and for free, but when a person has the opportunity to realize his dream, he should not hesitate. Anyone can become the owner of one of the apartments in Asturias for a minimum price. The future buyer can renovate and redevelop 2- and 3-room apartments. The most pleasant is their prices, which range from €11,500 to €39,000. You can see the best offers below. Apartment in Aller for €11,500 The 51 m2 apartment, located on the first floor, is waiting for the future owner, who will turn it into his...