News, page 47

Housing prices continue to rise, and Euribor’s 12-month rate increase, which was positive for the first time since February 2016, does not help those who are going to apply for a mortgage. According to the latest research by Tinsa IMIE General and Large Markets, the value of real estate increased by 0.4%, bringing the figure to 6.4%. Due to this situation, people who want to buy a house as soon as possible and not suffer from price increases should choose a property owned by a bank. This is one of the easiest and most economical ways...

The influx of international companies investing in Spain continues. Last month, Iroko Zen invested €14 million to buy two logistics assets in Madrid and Bilbao, but now Inovalis is betting on the country to replenish its real estate portfolio. The company has closed a deal to purchase an office building in the Madrid municipality of Alcobendas from Merlin Properties for €31 million. The building is located at 9 Calle Francisca Delgado, in the Arroyo de la Vega Business Park. The area is 10,890 m2 and includes 250 parking spaces. The...

The Spanish real estate market continues to recover after a long stagnation caused by the COVID-19 pandemic, and to reach heights not seen since the 2008 crisis. Last year, 655,460 residential properties were sold, which is 39% more than in 2020. This is the highest figure since 2007, when the national real estate fever came to an end and almost 790,000 houses were sold, according to the records of the General Council of Notaries. The increase in purchases by foreign buyers plays an important role in the revival of the sector. Last...

In the first quarter of 2022, the number of office spaces in Madrid and Barcelona grew rapidly. The size of the combined area of these properties is approximately 225,000 m2. In the Madrid market, the area of these offices is 130,000 m2, which is 30% more than in the same quarter of 2021. The Barcelona market has reached 95,000 m2, which is 25% more than in the same quarter of 2021. The consulting organization Cushman & Wakefield announced contracts for 125,000 m2 in Madrid and 92,000 m2 in Barcelona. In addition, the...

The dynamics of rental prices for Spanish real estate remains uncertain, as the government has introduced measures to limit monthly growth to 2%. If the purpose of this innovation is to establish a level that prevents the rapid growth of rents, it will not be easy. In the first quarter of 2022, the average rental price in Spain reached 10.14 euros per m2. It grew by 1.6% over the quarter and by more than 5% over the year. The most expensive cities for rental housing were Barcelona with 17.75 euros per m2, Madrid with 15.59 euros per m2, and...

Cadiz is an important location for the luxury real estate market in Spain. It is ranked among the 10 provinces with the largest number of premium homes in the country. 73% of them are located in Malaga, Madrid, Barcelona, and the Balearic Islands. In August 2021, there were 774 housing deals in the province, the cost of which exceeds 1 million euros. 90 of them were "ultra-luxury", that is, their price was over 3 million euros. The purchase of luxury real estate is not limited to the residential market. Large hunting and...

The Spanish real estate market is experiencing one of the best times since the 2008 crisis. The end of the COVID-19 pandemic has brought with it a lack of supply, which is making itself felt. According to experts, it has decreased by 17% over the past year due to rapidly growing demand. Amid this situation, houses in Spain are sold for a few hours, and they are expensive and cost a lot of money. They will not decrease in prices for a long time (buyers no longer bargain, because they know that someone else can get the offer). Due to...

After two years of uncertainty in the dominant sector, investors have turned their attention back to various real estate sectors. Encouraged by the recovery of the tourism sector and low interest rates, investors are looking for ways to turn their savings into profits. The pandemic is gradually disappearing, and the real estate market is emerging victorious from the crisis. However, there are new reasons for uncertainty, driven by the conflict between Russia and Ukraine. Anyway, after the pandemic, hotels have become one of...

Spain is suffering from an "investment fever" in the residential real estate sector, and new housing is in the greatest demand on the market. There is a shortage of real estate to meet the demand, especially given the large savings accumulated by investors during the pandemic. The desire to find a safe haven for cash under rapidly growing inflation also plays an important role. In his introduction to the annual report on the housing market of Engel & Völkers, Gonzalo Bernardos, Professor of Economics at the University of...

Housing prices keep rising faster than the salaries of residents of most countries of the Organization for Economic Cooperation and Development (OECD). Although Spain is not in danger of a "financial bubble" in the real estate sector, the imbalance of rising housing prices to salary growth in September 2021 was almost 20% higher than in 2015 (the base year for statistics). At the same time, the Netherlands, New Zealand, Portugal, and Luxembourg have values 40% higher than those of seven years ago. ...