News, page 55

The secondary residential real estate market starts the year with a drop of 0.3% in January

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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...

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Renovation of housing increases its cost by 35%

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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...

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Almost two-thirds of Spain's subsidized housing is built in Madrid

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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...

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The most expensive cities to purchase housing in Spain

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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...

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A penthouse of 100 square meters in Valencia or a small apartment in Madrid? Real estate for 200,000 euros in Spain

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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...

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Spain has adopted the first real estate law

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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...

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The demand for investment property is growing again in Spain

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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...

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Energy-efficient homes will provide a profit of 20%

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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...

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Energy efficient homes will provide a profit of 20%

3804

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...

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Spain meets Pacaso, an American real estate platform

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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...

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