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The study by Idealista Internet portal shows that the price for secondary housing in Galicia at the end of December this year averaged EUR 1,345 per square meter, which is about EUR 500 lower than the average for Spain, which is EUR 1,829. The increase in the cost of real estate in Spain as a whole amounted to 0.9%. Contrary to the forecasts of...
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The average time to sell a house in Spain is almost 32 weeks, according to Barometer on the current situation on the real estate market in Spain, prepared by Housell. The data of this Barometer also show that buyers paid 8.67% more for housing than a year ago, while the price per square meter was EUR 1,859. The average house price in Spain was EUR...
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Housing prices, which in the third quarter of the year, according to INE, increased by 4.2% year–on-year, are recovering mainly due to the cities of Madrid and Barcelona - the two main real estate markets in the country. In particular, by the end of September, the cost of real estate in these two megacities increased by 5% and 3.9%. Carlos Gomez,...
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Real estate prices increased by 4.2% in the third quarter of this year compared to the same period in 2020, according to National Institute of Statistics (INE). The Ministry of Transport, Mobility and Urban Agenda notes that the average cost per square meter is EUR 1,661, which is the highest since 2011. The sale and purchase of real estate...
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The residential sector is leading the real estate market in 2021 with investments of EUR 2,800,000 over the past 12 months. It is followed by the industry and logistics sector with EUR 2,453,000. As for the type of housing experiencing the greatest investment boom, the sector of apartment buildings (built for rental, private rental and student...
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Spain is characterized by a great ability to attract new investors. Although, there was a slight lull in the first and most difficult months of the pandemic, since then there has been a revival in Spanish real estate market. «With the gradual return to normal life, foreigners are showing increasing interest in real estate located in Spain, which...
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Spanish real estate market has gained momentum and continues its upward trend. According to the consulting company JLL, the total volume of investments in this sector (including offices, retail, logistics, apartment buildings, nursing houses, student dormitories and hotels) will amount to about EUR 12,000,000, which is 33% more than in the previous...
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The Ministry of Industry is preparing a new decree on foreign investment, which will soften the control mechanisms. New rules mean changes in energy issues. The decree facilitates the sale of renewable energy projects to foreign funds. The resolution explains that investors who are not associated with regulated activities (such as the operation...
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The inflation in Spain is 5.5%. According to Ferran Font, Head of Research and Press Secretary in housing will become a reliable protection against inflation: «If the annual volume of investments increases by at least 6% in December. CPI (consumer price index) growth is expected to be very close to this figure». Due to the low interest rate, real...
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Inbisa sold Butron Castle, located in the municipality of Gatica, 19 kilometers from Bilbao, for EUR 4,000,000. The attempts to sell the castle for EUR 3,500,000 were already at auction in 2014. However, after 7 years, it managed to conclude a deal 14% higher than the figure set earlier. As it became known, the future owner will carry out the...
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