News, page 60

Seville City Council has expanded its public fund for affordable rental real estate by acquiring two more properties with a total investment of EUR 135,000. The first property is a house of 60 square meters with two bedrooms and a courtyard, which is located in Torreblanca. The owners inherited it and sold it to Emvisesa for EUR 35,000 as part of SevilleLlena program. Emvisesa has already acquired a total of 62 houses that have been added to the state rental fund. The second property, which is located in the eastern...

After the recession that was observed during the pandemic, 2021 showed an increase in real estate construction, as well as an improvement in the performance of the secondary housing sector, according to Colliers International, a new report by the consulting company. The data provided reflect the same trend at the national level. Seville turned out to be one of the provinces with the highest demand for real estate in Spain. Seville ended 2020 with a decrease in the number of transactions by 22.1% compared to 2019. While the purchase...

The real estate industry predicts an increase in the cost of construction by 8% next year and not only due to an increase in the price of building materials caused by a shortage of raw materials, but also due to an increase in the cost of labor. This is the opinion of the majority of respondents in «Diagnostic report on construction in the third quarter of 2021», prepared by General Council of Technical Architecture of Spain (CGATE) and Royal Institute of Chartered Appraisers (RICS). The lack of workers is the main brake on activity...

The official magazine Generalitat of Catalonia published an announcement of a public auction for the sale of real estate for EUR 19,000,000 (excluding taxes and expenses) owned by UB, which Colegio Mayor Saint Jordi is located. Experts consulted by El Confidencial believe that the university can even double this figure. The auction for the sale of this student dormitory will take place on February 4, 2022, and the deadline for submitting applications is January 14, 2022. The building with an area of just over 8,100 square meters,...

Spaniards continue to direct most of their savings to real estate and not only to buy one house, but also to enjoy a second home or buy real estate in order to generate income from renting. The data provided by the Bank of Spain indicate that in the second half of 2021 in Spain, the growth of real estate prices and rental yields reached 7% year-on-year. In recent months, the inflation has come into play, which according to preliminary data for November is 5.6% and it will be an important variable for the final extraction of...

Thirty years ago, reconstruction was a secondary activity in the construction sector and accounted for only 5% of the total number of projects being implemented. Despite the gradual growth (in the period from 2017 to 2019, the number of renovated buildings increased by 10%), the figures recorded in the Spanish housing stock are still lower than in neighboring countries. Government's National Integrated Energy and Climate Plan (PN IEC) for 2021-2030 has set the task of restoring a total of 1,200,000 residential premises. ...

According to the latest data from the Association of Registrars on real estate purchase and sale transactions for the period from July to September, secondary housing became the leader – 124,722 registrations, which represents a quarterly increase of 12.5%, while in the case of new housing, only 29,433 transactions were registered. According to the Association of Registrars, transactions with new housing hardly make up two out of every ten transactions and sometimes include purchase and sale agreements for an average of two years in...

Foreign investment in the Madrid Community increased by 3% in the second quarter of 2021, while in the rest of Spain it decreased by 13.9%. According to Madrid President Isabel Diaz Oso, Madrid is currently the third most attractive European city for foreign investment. In 2021, it attracted 60% of foreign investments, the total amount of which amounted to EUR 4,000,000,000. This figure is three times the volume of foreign investment in Catalonia and ten times in the Valencian Community. According to the President, the main...

Last year's stagnation caused by the pandemic in the real estate market is over. Compared to September 2020, the number of mortgages signed for the purchase of real estate has reached more than 5,000 transactions in the Valencian community. This shows an increase of almost 75%. EUR 528,000,000 were mobilized to activate these mortgage loans, which demonstrates that the average amount of this type of loan is also growing. INE data clarifies that they amount to EUR 143,831,000. This is an indicator that has not been observed in the...

The real estate market is strengthening its recovery after the effects of the pandemic. According to National Institute of Statistics (INE), in September of this year, 53,410 purchase and sale transactions were registered, which is the highest figure since April 2008. In the first nine months of the year, these transactions are 8.5% higher than in 2019. High demand for housing, combined with a limited supply of new construction due to the freezing of the construction sector during the pandemic, led to an increase in real estate...