News, page 66

One of the alternative options for purchasing a house at a below-market price is buying through a cooperative. It is an option that offers tax breaks and saves nearly 20%. Therefore, this method is of interest to most young people when buying their first house. According to the LACOOOP platform, two out of every three young buyers are currently choosing this method as an alternative to traditional buying, making it possible to purchase new houses at a more affordable price. The Confederation of Spanish Housing Cooperatives (CONCOVI)...

The Bank of Spain reports that there are currently no alarm signals in the real estate market or signs of housing revaluation. At the same time, the central bank informs: prices have already started to rise and may rise even more due to increased labour and building materials costs. The supervisor believes that, in contrast to what is happening in some other European countries, the situation on the real estate market does not show any cause for concern in Spain. Moreover, although there is a significant increase in new mortgage...

Grupo Lar launches its first co-living project to be located in the Malaga Technopark (PTA). The company intends to invest 17.8 million euros in this project, according to the Idealista / news portal. The company is committed to this innovative concept of living, and this is the first time that a complex will be built in Spain, dedicated from the outset to this burgeoning segment. Construction is expected to begin this year. The house will be designed to accommodate 186 people, mostly employees of this technology park. ...

Reality? Yes. And this is what the Asturian real estate market has to offer to buyers. An apartment for 15,000 euros is cheaper than the cost of a car. It is evidenced by real deals and current market offers, which get rid of the thought that buying an apartment in our time is a costly investment. Oviedo is one of the areas of the principality that offers the most significant number of real estate offers. And here you can also find an offer for the sale of housing for less than 15,000 euros. It should not surprise you that such...

The housing market in Malaga is booming: sales have already reached the pre-pandemic level - and this is 20,600 transactions through August. The number of the signing of mortgage agreements has reached its maximum in a long time: in the first two quarters of this year, 13,154 mortgages were concluded in the province, which is 17.4% higher than last year, which is the highest figure since 2010. Moreover, the average amount provided to bank clients to finance home purchases is also the highest since the famous real estate bubble, which burst...

Investors’ appetite for luxury housing in Spain is growing. The improved socio-health situation after the pandemic has led to the fact that large investment portfolios have increased their presence in this market by 20% in 2021. “In Madrid, the sale and purchase of luxury real estate have always been concentrated in the aristocratic quarters, especially in Salamanca and Chamberi. However, Madrid also appealed to Latin American investors from Mexico, Colombia and Venezuela. In these cases, the most sought after areas have always been...

The developer Gestilar has a portfolio of nearly 2,000 rental homes. The main activity regions are Madrid, Catalonia, and the Balearic Islands, with the first deliveries to be made in 2022. The company’s main business remains focused on construction for sale, but Gestilar is already implementing other “build-to-rent” (BTR) projects. In early 2021, the developer signed the most significant rental agreement in Spain with the management company DWS. We are talking about a block sale of more than 1,000 homes, which will be located in the...

According to a study by Lucas Fox, Spain has seen a robust rebound in sales, prices, and mortgage lending this year, returning to pre-pandemic growth. “Part of the significant recovery this year was due to last year’s ‘hangover’ when many people were unable to buy a home, a factor that is expected to become less significant over time. Despite this, the recovery is progressing more aggressively than anyone could have predicted in the darkest months of the first half of 2020,” explains Lucas Fox. ...

The Belgian company Gold Estates, which specializes in coastal housing for foreign investors, has teamed up with Alicante-based real estate consultancy M & M&D Management, led by Héctor Domenech, to build tourist homes on the Costa Blanca. M&D Management will now act as the local “representative” of the Belgian developer with a delegated development agreement and will also be responsible for managing the post-construction assets for profit. Gold Estates, Sun Investments Spain has been present in the Spanish real estate...

The Spanish government plans to allocate an additional € 100 million to mitigate the impact of rising electricity prices, which will help 1.2 million vulnerable Spanish households before winter. Meanwhile, the prime minister acknowledged that his proposal for a Community response to the energy crisis met with resistance from Brussels but insisted that the European Council begin to consider addressing the energy price problem. “It is obvious that we have to do something at the European level, that we will have to revise this...