News, page 55

According to the real estate price index from the Madrid company Idealista, the secondary residential real estate market in Spain experienced a 0.3% drop in prices in January 2022. On average, the price per square meter of real estate decreased to 1,824 euros. In annual terms, in major cities such as Barcelona and Madrid, secondary-market property prices have declined by 1.3% and 1.6%, respectively. However, in general, the annual price growth in the country amounted to 2.1%. The situation in autonomous communitie...

Thanks to the development of housing reconstruction funds and urban renovation in 2022, a new type of player appeared on the real estate market — reconstruction agencies. "Reconstruction agencies are responsible for managing the reconstruction process. Organizations work on the principle of "one window", so both individuals and large companies can do business with one contractor from start to finish," explains Eva Cuesta, Managing Director of Acerta. She notes: "Despite subsidizing the activities of agencies by funds, clients...

Madrid is the region that creates 60% of social housing in Spain. This applies to the most economically and socially vulnerable segments of the population. It is worth noting such a project as “Proyecto Vive”. This is a plan to create 5,400 homes for rent at 40% below the market price. Paloma Martin, the Minister of Environment, Housing, and Agriculture of Madrid, said that over 900 residential properties for low-income people had been commissioned since June 2019. One of the social housing projects in Vallecas, a...

Madrid, Barcelona and San Sebastián are on top of the most expensive cities to buy residential property in Spain. Prices in these cities range from 7,750 to 11,000 euros on average per square meter. Tecnitasa, the real estate appraisal company, provides this information. The cost of residential real estate in Madrid increased by 6% and exceeded 11,000 euros per square meter. The most expensive real estate in Spain is located on the Calle de Serrano street in the center of Madrid. ...

The same real estate budget can give you various options in different regions of Spain. They will differ not only in prices but also in quality. 3,990 euros per square meter in Madrid is not the same as a square meter in Barcelona, though at a more expensive price of 4,200 euros. With 200,000 euros, you have many opportunities. It may be a small apartment in a busy area of Madrid or an expensive villa in remote areas of Seville. So what can a person with 200,000 euros in an account in the Spanish real estate market...

After two years of negotiations and disputes, the Council of Ministers finally approved the new housing law of Spain. The adoption of the law took place on February 1, 2022. After that, the bill will be sent to the Spanish Parliament. Now, for final approval, the text must be coordinated with the government's parliamentary partners, who have already announced the availability of amendments. It should be remembered that this is the first law that is being introduced into the rental market on an international scale. With its help, the...

In Spain, the demand for buying real estate to preserve investments is growing again. In 2021, 23% of secondary real estate transactions were carried out by individuals for investment purposes: they were made by buyers seeking to make a profit from their savings. This indicator is four points higher than in 2020 (19%), and corresponds to the data recorded before the pandemic. This is reported in the latest report on the housing market prepared by the Tecnocasa group and the Pompeu Fabra University (UPF). ...

Reducing energy consumption with the help of energy-efficient appliances and low-energy lighting can halve the energy consumption of real estate. Now this issue is one of the main ones on the world agenda. Various studies show that 40% of CO2 emissions come from buildings. In the conditions of economic recovery, funds coming from the EU «Next Generation» funds are directed to decarbonize the Spanish residential sector, which will contribute to energy efficiency. In this regard, the Government decided to allocate 6.82 billion...

Reducing energy consumption with the help of energy-efficient appliances and low-energy lighting can halve the energy consumption of real estate. Now this issue is one of the main ones on the world agenda. Various studies show that 40% of CO2 emissions come from buildings. In the conditions of economic recovery, funds coming from the EU «Next Generation» funds are directed to decarbonize the Spanish residential sector, which will contribute to energy efficiency. In this regard, the Government decided to allocate 6.82 billion...

Picasso, a leading real estate platform that implements the concept of co-ownership of luxury real estate, has launched an international expansion plan. For these purposes, the company has chosen Spain, namely the Costa del Sol, where it will sell luxury villas. In September, the Silicon Valley company announced $125 million in funding from SoftBank and plans to expand operations in Spain. After that, the corporation began to rapidly select a highly qualified global team to organize operations in other European countries. After...