News
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The Government of the Canary Islands has announced the allocation of an additional 30,000 euros to help people who lost their main home as a result of a volcanic eruption in Palma. At the same time, an additional 10,000 euros will be allocated as a direct payment from the cabildo («municipal council») in Palma. All this is in addition to the...
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The data show that the needs of Spanish market are numerous, but most of all it lacks housing for the rental market. An acute disadvantage. By 2030, the country needs to create 1.2 million new residential properties to close the supply deficit. The consulting agency Savills points out that in most cases the housing offered for rent is old housing,...
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Since the start of the pandemic, Spain has quickly entered the list of European countries with the most stringent «anti-COVID» measures for both inter-national and internal displacement. Many citizens of the country found themselves, almost literally, locked in their homes and apartments. Visiting public places was strictly prohibited, travel...
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In Spain, the share of social housing is only 2.5%. This is noticeably lower than the European average of 9.3% and much lower than the indicators of the most developed countries. The Department «Housing and the Future» (Vivienda y Futuro), created with the cooperation of the Pompeu Fabra University (UPF) and the Association of Promoters of the...
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The amount of money needed to buy a second housing in Spain increased by 16% between 2016 and 2021. For the period from 2020 to 2021, the increase reached 2%. Such data are provided by the Fotocasa real estate web portal in the reaserch «Budget for the purchase of housing in Spain 2021». So, in 2016, Spaniards had to save up to an average of...
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The recovery of the real estate sector last year and the projected price growth of 6% in 2022 corresponds to the observed dynamics of supply and demand. Funcas, analytical center, claims that there is no reason to say that a price bubble has formed in the local market or «tthe market is disconnected from the real sector of the economy and the...
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About 2% of the real estate purchased by foreigners in Spain last year was bought by Europeans. Thus, Europeans bought more than 1,280 properties. The share of Europeans among foreigners and the number of purchased properties are two indicators that have been declining in the country since 2012. They are expected to fall even more as a result of...
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In 2022 the real estate market in Spain maintains the dynamics of the previous year. 2021 ended with record sales in a decade. But in 2022 the growth will be slightly lower than in 2021, around 4.5%. Prices will increase by 4%. This is stated in the report of the Servihabitat real estate portal. The latest study of the real estate market in Spain...
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According to the report of the Institute for Real Estate Analysis (Instai) of Euroval, the growth of housing prices in the province of Toledo in the next three years should be the highest in Spain. The same report identifies several other contenders for significant price increases: Albacete, Ciudad Real, Cuenca and Guadalajara. This is reported by...
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The rise and fall in prices of housing does not happen by magic. The main condition for price movement is the balance between supply and demand. When the number of people who want to find real estate in a certain area increases and the district does not increase its real estate stock, there is an imbalance of supply and demand. The first exceeds...
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