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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 sanctions imposed by the West on European business and the financial sector after the outbreak of the conflict between Russia and Ukraine. ...

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 by Servihabitat Trends, the company's research platform, showed that the volume of new housing exceeded 100,000 units last year. The same level is expected in 2022. ...

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 Efe news agency. Most real estate appraisers, real estate agencies and consultants believe that housing prices will remain generally stable, but with a slight upward trend, at least...

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 the second, which leads to an increase in prices. Similarly, the opposite is true. When the stock of available supply is relatively large compared to the number of interested buyers,...

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 agency Efe reviewed the information from the Department of Cadastre under the Spanish Ministry of Justice and concluded that Russian citizens bought 3.5 houses on average per day during...

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. As a result the number of these people increased by 12%. during the year. The City Wealth Index (CWI) is one of the main metrics of The Wealth Report. The metric tracks the...

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 first version of the new law caused active debate in the society. This is certainly not the law that can suit everyone, but we move towards the first law that will regulate the rights of...

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, consultants and appraisers. Specialists expect moderate growth in general, involving an increase in real estate prices by 6% on average. ...

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 "second home" and for direct investments. Russians made 350 real estate transactions in 2021. The information above is reflected in reports of the Spanish Institute for Foreign...

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 year, but 11.6% lower than the historical maximum. Autonomous Communities (AC) AC is the largest form of territorial division in Spain. There are 17 autonomous communities...