News, page 5

In the first half of 2023, we are witnessing the consolidation of the protech sector in Spain. The industry of technological solutions for real estate was born in 2000 and has not stopped growing since then. Relying on the latest edition of the "Proptech Map" from the Association of Real Estate Agents of Catalonia (AIC), it can be argued that there are currently 553 proptech companies in the country. "Proptech Map" is a tool designed to search and catalog technology companies in the sector, which will allow market professionals to...

Despite the fact that the Spanish real estate market still has every chance to survive the global crisis unfolding at the moment quite easily and show growth above the average for the eurozone, it is impossible to deny that future events will affect it. Analysts from ING Group indicate that at least by the end of 2023, we should expect a pronounced slowdown in price growth and declining demand. ING experts expect that the Spanish real estate market, as well as the world in general, is extremely likely to face a recession in some form...

Msi, a company specializing in real estate asset management, and ColivINN, a company engaged in the management of colivings, have concluded a long-term cooperation agreement and the development of a residential coliving project in Madrid. The construction site together with the old unused building is located on Atocha Street, its area will be about 8,000 square meters. It is already in the process of development and renovation. ColivINN is responsible for the process of renovation and conversion of the building to a new use....

As unexpected as it may sound, some data indicate that about 16% of Spaniards own cryptocurrencies in one way or another. And this indicator is the result of an increase of 4% over the past year. Of course, in comparison with some other countries of the world, this share may seem quite small, and Spain is quite far from international leadership, nevertheless, the country is leading in another direction. We are talking about the introduction of cryptocurrencies into the real estate market and the increase in the number of...

The current situation with the availability of housing for an ordinary Spaniard, both for purchase and for rent, is an extremely serious problem. The factors influencing its formation are extremely diverse, from rising Euribor rates and a shortage of land for construction to inefficiently distributes the efforts of developers to produce new real estate. An example is the overgrown segment of tourist housing, which developers produce in huge quantities, trying to keep up with the money of foreign buyers and tenants, neglecting to work...

Foreigners are increasingly buying up real estate in the Canary Islands. In 2022, international buyers accounted for 28.6% of all purchases made in the region, every fourth transaction was connected with foreign money. Analysts have observed a stable and almost continuous growth in foreign demand over the past ten years and it shows no signs of slowing down. The only region of Spain showing even large numbers of demand is the Balearic Islands, where foreigners accounted for 34% of all transactions. ...

The real estate market of Granada and its province continues to grow steadily. And it does not seem to have reached its peak yet, which plays into the hands of sellers in the short term, but does not bode well for buyers in the long term. Opportunities to find a property at a satisfactory price are becoming less and less perceptible. Prices have become elusive in the luxury real estate segment, which is especially favored by foreign buyers. This sector is extremely specific, it is poorly exposed to the situation with the availability...

In 2022, the province of Ourense had the lowest sales per capita in Spain. There were only 6.2 residential properties sold per thousand people. At the same time, 79.6% of the total volume of sold housing accounted for the offers of the secondary market, "second-hand" housing. We are talking about 1,508 houses and apartments per year. According to information from the Association of Real Estate Inspectors of Spain, it was the secondary market that became the most successful for Ourense, showing sales growth of 15.6% year-on-year, that...

Having finished 2022 with an income of 247 million euros, which is an increase of 30.5% year-on-year, the developer Acciona intends to increase the pace and volume of construction in the next five years, it is planned to build more than 7,000 new homes. The successes last year were due to the already significantly increased number of residential properties put on the market. The company handed over the keys to 617 objects. For comparison, 443 houses were put on the market a year earlier. In addition, for the current and next year,...

Ada Colau, the mayor of Barcelona, has given final consent to the implementation of the project to transform the former Mercedes-Benz plant located in the Sant Andreu area into the first LaMercedes eco-district for Spain. It will be designed from scratch and created in accordance with all the criteria for the construction of modern energy-efficient and environmentally friendly real estate. The area will be of mixed use, accessible for living, working and studying. Houses and residential complexes, shops and places for recreation,...