News, page 63

In its latest economic report, the European Central Bank (ECB) has dedicated a special section to the housing market. The supreme monetary authority of the eurozone, based on its research on consumer expectations (CES), confirmed that in the coming months, demand for housing would remain at a reasonably high level. According to the ECB, an average of 4.5% of citizens in the six main economic zones of the single currency (including Spain) announced plans to buy a house in the next 12 months in the third quarter of 2021, which...

MVGM, a European property management company, has announced the addition of five new projects to its portfolio of assets: four in Barcelona and one in Madrid. All are part of the real estate portfolio of AEW, one of the world’s largest real estate asset managers. This operation will enable MVGM, led in Spain by Eliza Navarro, to add 35,400 m2 to its management. With the management of the Hidira building in the Mas Blau area of El Prat de Llobregat, the company is strengthening its position as a park manager. ...

Taylor Wimpey is the third-largest construction company in the UK. It shows the highest investment activity in the Spanish real estate market. Contrary to gloomy forecasts, Taylor Wimpey released data for October and announced that UK property bookings in Spain had reached their highest level since 2015. What is more, demand from the UK last month surpassed the number of transactions in any other country for the first time since February 2020, when the pandemic began, confirming the trend. In August, September and October,...

The Covid-19 pandemic has changed the real estate market, affecting the preferences of consumers and investors. Spacious houses with a large living area came to the fore, pushing back apartments and studios. According to the Idealista portal, the upward trend in purchasing villas will continue in the future, including thanks to the popularization of remote work. This portal contains offers of villas located throughout Spain, the price of which does not exceed 260,000 euros. In total, there are over 850 properties throughout...

The luxury real estate sector in Spain is on a solid recovery path. The pandemic has seriously slowed down markets across the board, including freezing deals. However, prices have stuck or increased in most neighbourhoods, major capitals, and coastal areas regarding premium housing. The latest price report from the source Idealista reports that October’s average Spanish house price rose 3.7% year on year. Currently, the average cost of luxury housing per square meter is 4,000 euros. ...

Neinor Homes’ confirmation of negotiations to buy Vía Célere came as a surprise to the sector. Many analysts have long believed that consolidation is the only possible way forward. Land shortages and the rising construction costs that the industry has been suffering from recently have highlighted the importance of increasing size to approach the development process from a better strategic and economic position. Several of these factors influenced Neinor’s takeover of Quabit earlier in the year. The main reasons were the location of...

Apartments sale in the province of Cadiz is not just within the norm; it is out of the norm, as it reaches the levels of business activity observed only before the financial crisis of 2008 when the real estate bubble finally burst. If 2021 started with a good pace of sales, which was knocked down at the beginning of the summer, now September is reaching record levels according to the latest data released by INE. Sales remain ahead of 2020 and 2019 when the pre-pandemic economic recovery was strong. ...

Every fourth resident of the Valencia region between the ages of 25 and 65 wants to change their place of residence. This desire is most pronounced among young people aged 25 to 35 years: 40% would like to move within two years, 33% - from two to five years, and 17% - after five or more years. According to the latest research by the Aedas Homes Observatory, which analyzes trends and assessments regarding the real estate market throughout Spain, only 10% of young people do not want to change their homes. ...

The real estate market appears to have overcome the effects of the pandemic and is showing clear signs of a robust recovery. According to the National Institute of Statistics (INE), the ratio of sales transactions in September set a record in September, which was last recorded in the market during the brick crisis, when the collapse of the economy caused a fall of more than 50% in both constructions and real estate sales. The figures increased by 40.6% in Spain, but most of all in the Basque Country (55.8%), where Biscay stands out:...

The Spanish property market remains strong. Malaga demonstrates exceptionally high sales rates. According to the National Institute of Statistics (INE), the number of transactions in September was 3,218, the highest figure this month since 2007 and one of the highest in the entire historical period. On the other hand, compared to August 2018, the number of sales and purchases decreased slightly (3,246), the first decline monthly since April this year. The growth in transactions was the deferred demand that arose in 2020 due to strict...