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The consequences of the pandemic caused a correction in the real estate market around the world. The growth of investments in Spain in 2021 amounted to 30% compared to 2020: in July, real estate sales and purchases increased by 53.5%, which is the highest figure in the last 13 years, and in September mortgage loans increased by 57.7%. Experts of Cassava say that to understand the current situation, it is necessary to understand the evolution of the real estate market in recent years. On the one hand, we see that in 2018 and 2019,...

Houses will continue to rise in price in 2022 in line with the growth of the economy and prices. There is no need to talk about a «bubble» in the real estate market. This is the most common opinion among analysts and scientists. According to Ignacio de la Torre, Chief Economist at Arcano Partners, the probability of the «bubble» is related to real estate affordability. «The problem is that properties are growing and if it rises in price by 9%, as in Germany, or by 20%, as in the USA, it may lead to the formation of the «bubble»...

In December of this year, the Balearic Islands reached a historic maximum of prices for secondary housing is EUR 3,355 per square meter, according to the latest price index of the Idealista, which was published on Wednesday. In Spain, the prices for secondary real estate increased by 2.8% during 202, and the price per square meter was fixed for a year at around EUR 1,829. Lots of autonomous communities experienced growth during 2021, with the exception of Asturias, where the price for housing fell by 1.1%, Aragon with an adjustment...

Since the beginning of the summer of 2021, more apartments have been sold in Spain than during the «boom» in the real estate market: 53,410 purchase and sale transactions were concluded in September, compared with 45,453 in September 2008, according to the latest data from National Institute of Statistics (INE). As we have repeatedly reported, the demand for housing increased sharply in 2020, and lots of transactions that could not be concluded in the year of the pandemic have now taken place. ...

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 many experts, prices have not fallen everywhere, but have maintained a stable growth, which eliminates the possible ghost of any «bubble» in the real estate market. ...

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 239,835 in 2021. The average buyer in Spain corresponds to the age of about 46 years, who in 45.89% has a secondary education. Among the respondents, 16.12% had a higher education,...

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, Head of Gloval Analytics, explains that the capital «is already registering positive indicators compared to the same period last year». On the other hand, a slight stabilization remains in...

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 increased in September 2021 by 40.6% compared to September 2020, a total of 53,410 transactions were made. In the period from January to June of the same year, 103,116 cases of inheritance of real...

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 dormitories) in Spain is the most dynamic this year, accounting for 24% of the total investment in the country. This is stated in a new report by the real estate consulting company CBRE. ...

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 means an increase in the number of national investors. They view the real estate sector as a safe haven for investment», General Council of COAPI in Spain recognizes. ...