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Last year in Spain about 2% of residential real estate purchased by foreigners was bought by Russian citizens. They purchased more than 1,280 housing units In total. However, both indicators began to decline steadily in 2012. They are likely to continue declining even more after the beginning of the Russian-Ukrainian conflict. The Spanish news...
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Spain is in the top-15 countries in terms of the number of citizens with ultra-high income in the world. The report "The Wealth Report 2022" of the international consulting agency Knight Frank provided this information. Particularly Spain took the 11th place in the rating in 2021. 11,685 people with ultra-high capital began to live in the country....
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David Lucas, the Secretary-General for Urban Agenda and Housing at the Spanish Ministry of Transport, Mobility and Urban Agenda (traditionally known as the Ministry of Development), admitted that the draft of the Government House Right Law was "controversial", but he was prepared to defend its necessity for solving urgent social problems. “The...
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It became clear that the real estate market recovered noticeably from the COVID-19 pandemic in the end of 2021. The market and real estate prices in particular got better and strengthened. According to experts, prices continue to grow at least until the end of 2023. The real estate portal Yaencontre.com approached real estate agencies analytics,...
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While Russian citizens are not the large category of buyers in the Spanish real estate market, Spain itself is the favorite place for wealthy Russians. Russian citizens take about 4% of the total foreigners number in Spain. These people are mostly either rich Russians or the wealthy middle class. Both categories choose Spain to purchase the...
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In February, the price of secondary market housing decreased by 0.6% to 1,814 euros per square meter. Thus, prices in Spain have been declining for the third month in a row, according to the real estate price index of Idealista, the leading real estate sales company in Southern Europe. The February 2022 figure is 2.4% higher than in February last...
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Last year, 6 out of 10 families considered making changes to their property or repairing it. Whether it is self-isolation or the transition to remote employment, Spaniards began to spend much more time in the walls of their home than before, which became a motivation to think about improving the comfort and quality of living. These sentiments...
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The manufacturer of modular (prefabricated) houses continues to rely on e-commerce giants such as Amazon and Aliexpress for the distribution of its products. Usually, the offered product is quite typical and traditional in its execution, but recently the catalogues of manufacturers have begun to be replenished with more extravagant offers. Take...
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EL PAÍS and the international auditing and consulting company KPMG have agreed to organize a conference for experts in the field of real estate and construction. The purpose of the event should be to discuss problems, as well as new opportunities in the rental market. Nowadays, the real estate market is experiencing some crisis. After two years...
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According to a survey by Vía Célere 65% of Spaniards rate the sustainability of their homes as the top choice. The respondents states that they are ready to pay more if this money is converted into a healthier and more eco-friendly place of living. Overall 41% of the respondents prioritize sustainability in the process of housing construction. 53%...
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