News, page 61

Real estate consulting company CBRE has presented its New Real Estate Horizon report, which highlights that the logistics and residential sectors have become leaders in 2021. Logistics With asset valuations rising by more than 23.21% in Madrid and 18.87% in Barcelona compared to 2019, this sector has performed the best. For its part, the value of assets in cities such as Valencia and Zaragoza reflected more moderate growth – 5% and 8.37%, respectively. Nevertheless, the profitability in the country continues to decline, and...

Royal Spanish Academy defines innovation as «changing or remaking something, introducing innovations». In relation to the real estate sector, this innovation manifests itself in different ways. From the impulse to the design and construction of architectural typologies to the integration of technologies into all processes. Jonathan Rose, an urban planning guru and developer, notes that the main challenges cities face are resource scarcity, population growth, climate change, social cohesion and immigration. Innovation is becoming the...

Applying for a mortgage loan to buy a property is a difficult task for young Spaniards. Temporary work, low wages and instability lead to the fact that the moment of moving to their own housing is postponed. As iAhorro explains, this moment comes at the age of 35, when citizens reach a sufficiently high level of wages. No research is needed to understand that rent, mortgage, bills or expenses are much more affordable when they are shared between two people. It is not easy to take a step towards independence alone: «Gaining...

«Proptech completes the revolution, i.e. digitalization of all processes in the real estate sector», says Gustavo Lopez, Director of Operations at AIC (Association of Real Estate Agents of Catalonia). The sector is making progress in areas such as augmented reality (AR), artificial intelligence (AI), proactive home automation, blockchain and tokenization, which is used to protect sensitive data. «For instance, it is now possible to tokenize real estate, buy, and sell tokens, however, as discussed at the Third Blockchain...

Analysts' forecasts for the housing market for 2022 indicate a moderate increase in prices, contrary to the trend currently observed in the Principality of Asturias. Prices here have fallen the most compared to 2021. In September, Astoria became the second region of Spain where the largest drop in the average real estate price was recorded, -2.27%, it was surpassed only by La Rioja, -4.23%, according to the quarterly report on sales prices from pisos.com. These indicators contrast with the indicators of most autonomous communities,...

In recent years, Google Home, Alexa and Siri have helped make Spanish homes more manageable. According to a study by Aedas Homes, the level of digitalization of houses in Catalonia is 3.8 points out of 10, which is the highest in the country and exceeds the national average by two tenths. Catalans rate the use of voice assistants such as Alexa, Siri or Google Home by 3.4 points, they rate the use of robot vacuum cleaners by 4.5 points. 10.9% say they have a smart lock at home, and 26.6% are in WhatsApp groups with neighbors. ...

A new report on the real estate market in Spain notes that investments in student dormitories are growing. In 2021, investments amounted to more than EUR 400,000,000, which is 21% higher than the total investment in 2020. Foreign investors are mainly interested in investments, although the creation of joint ventures with international capital is becoming more and more frequent. It is expected that 20 projects with 5,100 new beds will enter the market in 2022, as a result of which the total number of beds will exceed...

The inflation in Spain is 5.5%, according to the latest data from National Institute of Statistics. According to Bankinter analytical group, residential real estate prices will continue to rise in the coming years. «The real estate market is surprisingly positive and prices will continue to rise, at least at the rate of inflation», analyst Juan Moreno said. The Bank of Spain expects price increases of 2% and 1% in 2022 and 2023. It means that those who want to save money by investing in real estate still have a good...

In 2021, 486 companies were involved in the process of mergers and acquisitions for a total of EUR 9,556,000, according to Transactional Track Record. Transactions in the real estate sector are leading, ahead of the technological, financial and insurance sectors and the solar energy sector. In November 2021, a total of 43 transactions worth EUR 534,000,000 were registered in the Spanish real estate sector. The study emphasizes that July became the month with the largest number of transactions - 64 transactions, and May - the month...

What types of real estate funds invest in Spain? Is Spain still an interesting destination for funds investing in the real estate market? «Undoubtedly, Spain is still interesting for institutional funds, and especially the residential segment, which has become a priority for investors. The rules that are being announced in connection with the new real estate law do not help and harm the growth and increase of fund investments», says Jorge Benjumeda, partner at Elix investment company. ...