News, page 53

In 2021, Europeans accounted for 2% of real estate purchases

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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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Spanish housing sales increase by 4.5% and housing prices increase by 4% in 2022

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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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In the next three years, the growth of housing prices in the province of Toledo will be the highest 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 biggest housing shortage in Spain

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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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Russian citizens bought more than 1,280 houses in Spain in 2021

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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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In Spain the number of the super-rich increased by 12% in the middle of the Covid-19 crisis

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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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Authorities admit “The Real Estate Law” is controversial, but insist on its social necessity

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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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What will happen to residential real estate prices in 2022?

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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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Elite houses in Spain become havens for super-rich Russians

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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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Prices on the secondary residential real estate market in Spain fall for the three month

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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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