News, page 6

Galicians have to tighten their belts tighter when it comes to buying housing in the region. The situation in the residential market of Galicia is one of the most difficult in the country. The price growth in the region in the first quarter of 2023 remained several tenths of a percent higher than the average growth in the country. The average figure is 6.3% growth in annual terms. The problem of rising prices is much more serious in such regions as Cantabria (12.1%), Aragon (10%), La Rioja (8%) and Extremadura (7.5%). The situation...

The IdenCity consulting company recently published the second edition of the "Smart Cities Index of Spain" (ISCE), which indicated that Barcelona, Madrid, as well as Valencia, are the most promising contenders for the title of "smart city". According to a study tracking the level of digitalization and technological development of Spanish cities at the national level, all three cities exceeded the 50% mark on the way to becoming a "smart city" in the measurement of 138 separate indicators, one way or another indicating the ability of...

The Canary Islands is an autonomous community of Spain with the highest sales volumes of mini-houses and mini-mansions, although the main share of sales is occupied by small apartments from this category. We are talking about apartments that are more like a studio — these are objects with an area of less than 30 square meters, more like a room with a bathroom and a kitchen attached to it than an apartment itself. The popularity of this market segment is due to the high tourist attractiveness of the region. Small and cheap housing...

Despite the fact that Cadiz is often called one of the best places to move in Spain, not everyone can afford it. Thus, data from the Global Group, which provides consulting and real estate valuation services, indicate that Cadiz became the most expensive provincial capital of Andalusia in 2022. The data was collected by Global Analytics based on Global Valuation data on houses and residential complexes. At the end of last year, the price per square meter of living space in the city exceeded 2,250 euros. This, according to the...

High housing prices are an obstacle for many buyers in the modern Spanish market. For example, according to the real estate portal Fotocasa, the average price per square meter of living space put up for sale in February of this year was 2,086 euros. This is 9.9% more expensive than a year earlier. At this price, a typical apartment for the market with an area of 80 square meters will cost the buyer about 166,880 euros. A year earlier, it was about 150,400 euros. Even when applying for a mortgage loan to buy such an expensive object,...

The price of a square meter of warehouse space in the Balearic Islands is already more expensive than housing prices, five times the cost of housing in five autonomous communities of Spain. It pales before the prices of residential real estate in the archipelago in comparison with other regions of the country. Housing or commercial real estate, garages or warehouses. In the last few years, all this has been growing in price throughout the country, but especially in the largest cities and popular tourist regions of the country. For...

Housing affordability is a problem that everyone is talking about today, they talk about it in different countries and, of course, they discuss it abundantly in Spain. But while many are tearing their hair out, trying to figure out where and how to find at least something that will cost, even a mortgage, some people have the means to continue buying housing like the last time. Although, given the current situation in the global economy, this may indeed be their last chance to save their savings. ...

Imagine that you can buy a luxury mansion in a corner of paradise, paying only a small part of its cost? Such a business concept has already become a reality in Spain thanks to a number of companies engaged in the sale of shared-ownership housing. Companies that are supported by investors such as Pau Gasol. The former basketball player, now building his entrepreneurial career, invested heavily in the startup Vivla. One of the first and main players in the market of joint ownership of residential real estate in Spain. Riding the fresh...

Selling a house can be a stressful and exhausting process. But thanks to innovations in real estate, there are different alternatives to the traditional entry into the market today. They allow you to sell houses and apartments quickly and efficiently, minimizing inconveniences. An excellent example of new solutions on the market are online agencies like buyers. What is their essence? Experts of the real estate comparator portal "HelpMyCash" point out that the key feature of online agencies is the use of new technologies, especially...

According to the quarterly report on sales and prices of residential real estate in Denia from the portal "Pisos.com", March 2023 strengthens a twofold trend in the local market. Secondary market housing increased in price by 2.9% over the quarter and by 22.2% over the year. A square meter of secondary housing at the beginning of April costs almost 2,700 euros. Sales are growing and Denia, the capital of the Marina Alta comarca, is attracting more and more foreign buyers and investors. The housing stock also remains quite rich and...