News, page 62

According to INE, a total of 53,410 purchase and sale transactions were made in September, which is 40.6% more compared to the same period in 2020. It seems that the growth in the number of such transactions has not stopped since May, which foreshadows a positive end to the year with an increase in the number of contracts for the purchase and sale of real estate. How will 2021 end and what is forecast for 2022? The agents of the sector assess all this positively, as the recovery in the sector may occur as early as next year. ...

Secondary housing is going through a favorable period. Lots of buyers are increasingly choosing it as an alternative to new construction. High prices and delays in construction are some of the disadvantages that force users to make a choice in favor of secondary housing. This is evidenced by the data of the National Institute of Statistics, which registered a historic increase in the number of real estate sales and purchases in this sector. In fact, 79.5% of properties in respect of which purchase and sale transactions were executed...

The luxury real estate sector was among those areas that suffered the least during the crisis caused by the pandemic. The latest update of Knight Frank's Prime Global Cities index reflects the good performance of the luxury residential real estate sector worldwide: for the period from January to September, an average growth of 9.5% was demonstrated compared to the same period last year. In this ranking, Madrid is ahead of other well-known cities such as London and New York, and stands out as a city with one of the best indicators both in...

The new real estate law approved by the government has a significant impact on the rental market in Spain. According to Agencia Negociadora del Alquiler (ANA), the uncertainty of this bill makes many owners think about the need to sell their real estate, as soon as the current contracts signed by them with renters expire. According to Jose Ramon Zurdo, managing director of ANA, from 15 to 20% of the company's clients are already thinking about selling their real estate. He also warns that this new law causes great fear in the real...

The real estate sector is obviously experiencing a second renaissance in Spain and in Burgos in particular. This is evidenced by the data provided monthly by INE. The information reflects a clear upward trend, which not only has not changed as a result of the health crisis, but, as it can be seen, has also firmly entrenched. In fact, in September last year, 549 housing sales were registered in Burgos, which has not been observed since the real estate bubble burst. Even in September 2007 there were no such indicators as in September...

In 2021, the purchase and sale of real estate will be completed with one of the most positive indicators in recent years. Thus, according to INE, 53,410 units were sold in September 2021, which is the highest figure since 2008. This indicator is mainly due to the recovery of the real estate sector after several months of restrictions, a rush in demand for housing, changing habits after the COVID-19 pandemic, interest rates at historically low levels and a high level of mortgage lending. ...

The growth of real estate investment in recent months cannot be ignored, both directly (buying real estate) and indirectly (investing through companies in this sector). But is it something cyclical or structural? Hernan San Pedro, Director of Investor Relations and Communications at LA España Socimi, spoke out clearly. "If we look at the global figures, in the third quarter of this year, world real estate transactions amounted to almost $300 billion, 70% more than in 2020, and 4% more than in 2019, before the pandemic," he explains,...

Every month, Spain’s real estate sector is becoming more confident and investment-oriented. According to the German bank Deutsche Hypo, specializing in real estate investment, the domestic market has been recovering for five consecutive quarters. And last summer, the British market registered the highest growth in Europe. It is reflected in the REECOX index, which summarizes the dynamics of the real estate markets in Germany, France, Great Britain, Poland, Spain, and the Netherlands quarterly, calculating values for each of these six...

Prologis acquired a total of 81,000 m2 of logistics space in Madrid, Spain, with the help of CBRE, which advised the process. We should remember that since February 2017, both firms have joined an alliance for development in Europe, starting with the UK. «The goal of this alliance is to offer the best logistics solutions to a wide range of customers», the companies report. It will also serve to strengthen the strong and long-standing relations between Prologis and CBRE in Spain. ...

Revolution in the Spanish real estate market. Basque developer, Neinor Homes, is in talks to acquire Vía Célere, a real estate company owned by Värde foundation, which recently failed in its plans to enter the stock market and was put up for sale. If this operation is successful, the company will become the largest developer in the country, even larger than Metrovacesa and Aedas, with a portfolio of 37,000 development projects. According to various reports, the two companies have been negotiating the deal on an exclusive basis for...