News, page 67

Avila is one of the Spanish capitals with the “youngest” housing stock, while more than half of the housing stock in Spain is over 40 years old, according to Idealista. There are 34,243 registered houses in the capital Avila, 61.5% of which are less than 40 years old, and the rest, 38.5%, are over 40 years old. These figures put the city in fifth place in the ranking of cities with the youngest real estate fund, which contrasts with the situation in many country’s provincial capitals. ...

According to data from pisos.com, the average rental price in Spain was 9.81 euros per sq. m in September, representing a 1.87% quarterly increase and an annualized adjustment of -1.38%. In the same period, the price of one square meter of rented space in San Sebastian reached 16.69 euros. Which cities are the most expensive to rent real estate? San Sebastian is in the first place. The rental price rose by about 7% quarterly in Basque city, while the year-on-year difference was a 0.22% drop. ...

After more than 12 years of downtime and another two years of preliminary procedures, work on the construction of public housing in San Fernando has finally begun again. Moreover, although we are talking only about the construction of 15 rental houses, this is already an event. The mayor of the island, Patricia Cavada, announced during her visit to the start-up site on Calle Alcedo about the start of public housing projects for the city, which will be accompanied not only by the construction of new housing but also by other...

After years of internal squabbles in the coalition government, the Spanish Socialist Workers’ Party (PSOE) has agreed with its partner, Unite in Our Power, to approve a housing bill. He is represented by civil society organizations, through which the government of Pedro Sánchez plans to fulfil one of the commitments made before he took office. Tenant unions presented the bill on 30 September, Nadie Sin Hogar (Nobody Homeless) and Plataforma de Afectados por la Hipoteca (Mortgage Affected People’s Platform). Nine political parties...

The Spanish economy is undergoing significant changes against the background of the situation in recent years. After the considerable stagnation caused by the pandemic outbreak, companies now face an opportunity to manage an unprecedented amount of aid aimed at reviving the economy and modernizing key sectors. These include manufacturing, tourism, e-commerce, education and housing. On 13 July, the Council of Ministers of Economic and Finance (EcoFin) finally approved the Recovery Plan, which the Spanish government presented before summer...

The Spanish government recently announced plans to raise taxes on personal income, wealth and inheritance in a so-called “fiscal synchronization”. Julio Prieto, a tax and private client specialist, writes for attorney Del Conte Chambers that Spain will allow $ 5.59 billion in subsidies from the European Union in an attempt to kickstart the economy following the devastating effects of the Covid-19 pandemic. Changes affecting Spanish residents include income tax, wealth tax, VAT and IHT (inheritance tax). Income tax introduced...

According to the company Idealista, at the close of the third quarter of this year, the price of secondary real estate in Spain increased by 4%, which amounted to 1,813 euros per square meter. Compared to the previous quarter, secondary home prices in the third quarter decreased by 0.2%. Why are prices now higher than a year ago? According to Idealista spokesman Fernando Iñareta, this is mainly due to the growth in demand, which has reached record levels in recent months, and the savings of the population, which are at a historically...

In the first three months of this year, real estate purchases through e-commerce totalled € 28.8 million, compared to € 40.9 million. According to the National Commission for Markets and Competition (NCMC), a total of 67,300 transactions were registered, which is 29.6% less than in the same period last year. On the other hand, the total volume of e-commerce from January to March increased by 27.7%, amounting to 289.2 million transactions. As a result, the average price tag for real estate services contracted over the Internet was 428...

Recruitment company Randstad has published a report on remote work in Spain. It analyzes the current situation, predicts prospects. In the study, a sufficient amount of free space was selected as the leading indicator of comfort, making it possible to allocate a separate office or room for work that will not function as a bedroom. The report predicts that remote work will continue to grow after the pandemic, allowing 30.6% of working Spaniards to work this way in the coming years. According to this study, space availability is a...

Technology and innovation have brought a transformation in the real estate sector, providing many real estate companies with the opportunity to adopt technological tools to take the lead in the sector. The developers’ goal is to digitize the entire process to achieve the greatest savings in time and money and improve the quality of work with the client and investor. In short, create a new business model. Many have already taken the first step to implement the BIM (Building Information Modeling) methodology for creating digital...