News, page 57

The latest data of real estate market issued by Eurostat illustrate the faster growth of sale and purchase prices rather than rental payments. Backward, starting 2010 to Q3 2021 rental payments in the European Union have grown at 16%, while sale and purchase prices soared at 39%. Similar is the situation in Spain. Sale and purchase prices declined at 0,5% while rental prices increased by 5%. Since the economic crisis in 2008 when the real estate soap bubble burst out, housing prices in various European countries stated showing...

At the moment, the government is planning to admit the draft law on housing ownership rights stipulating possible price intervention in the real estate market. The real estate sector declares the problems of Spain and increase in prices to come from the lack of offer. Limits on rental payments lead to the shortage of offer in a way it happened in Barcelona. The capital returned to breaking record increase of rental prices in 2021, despite the Catalonian law establishing limits of rental prices acting since September 2020 года, while...

Director General of Sociedad de Tasación Juan Fernández Aceituno has introduced the new trends in real estate market in 2022 at the press conference for media representatives: The Spanish economy is to recover in 2022 should at least four factors are to be confirmed: improving the situation at a labor market, increase of consumption, release in supply chains, slowing of hospitalization cases and reduce of deaths caused by pandemic. The overall ups and downs of these indicators will drive the economy and define the progress at...

Insular real estate market finished 2021 demonstrating apparent signs of recovery. Prior to November, 8,200 sale and purchase deals were stricken, reaching 9,000 transactions in December, exceeding the results of the previous year by 30%. According to the data of Notary General Counsel, the figure sends us back to the indicators of the year of 2008. “The market is very dynamic”, Rafael Bello, the broker of Remax Arcoiris, is quoted as saying. As Mr Bello comments, such dynamics is explained by easy access to funding by banks, coupled...

The outbreak of the pandemic in Spain has slowed down online activity in the real estate sector, which reached a very high figure in the first quarter of 2020. Last year's economic recovery once again contributed to the growth of e-commerce in the real estate sector, which grew by 60.4% year-on-year from April to June, exceeding the figures before the pandemic for the first time. The growth of the real estate sector in the second quarter of 2021 increased by 13.7%, to 13,661 million euros, compared to the same period in 2020. The...

Consulting company, Knight Frank, presented a rating of cities, where it is clear that the leaders in the growth of real estate prices in Spain are the following: Malaga (7.6%) Seville (3.9%) Valencia (3.4%). It occupies positions 83, 115 and 119 in relation to the highest growth in the world. In two other Spanish cities (Madrid and Barcelona), the growth was 2.9% and 1.3%, which allowed them to take 121 and 136 places in the ranking. «What happens next will depend on the speed at...

The cost per square meter in Seville was 1,776 euros, which is 7.7% more than last year in the third quarter, and 24.4% more since the minimum indicator, according to IMIE Local Markets statistics. As for rent, the gross yield was 4.5%, the highest in Cerro Amate. A preliminary third-quarter report by Tinsa, one of Spain’s leading valuation companies, shows that the sale price of new and second homes increased in the province more than in the capital by 9.3% compared to 7.7%. Seville is the third capital of Andalusia with the...

The Minister of Transport, Mobility and Urban Agenda of Spain (Mitma), Raquel Sánchez, reported that the Government planned to adopt a law on the right to housing on January 18. The law will allow autonomous communities to limit rental costs. Sánchez said that they would soon receive the report of the General Council of the Judiciary (CGPJ), considered that everything was ready to transmit the bill to the Council of Ministers, and noted that they were not concerned about the content of the report. ...

Forecasts for the real estate sector in 2022 are very favorable. According to Maria Matos, Research Head and spokeswoman for one of the real estate portals, real estate investments broke records in the second half of 2021, «and everything indicates that they can continue to accelerate». As Matos notes, «real estate investments have become a haven from the uncertainty caused by the pandemic. Many individuals have decided to invest because they perceive this market as safe after a positive evolution and recovery after the pandemic»...

The real estate market in Spain is experiencing a «Golden age», which has not been observed since 2008. Taking into account all the precautions caused by the pandemic and economic uncertainty, analysts predict a price increase of about 4%, as well as, once again, very good sales figures. These figures contrast with the performance of the rental market, which could fall by 4% in 2022, according to Maria Matos, especially in major capitals such as Madrid and Barcelona. In fact, the rental price of housing ended 2021 with a drop...