News, page 68

The gross margin on buying a house to rent it out has dropped to 7% over the past year. In the third quarter of 2020, the proposed rate of return was 7.9%. According to an analysis by Idealista, the leading real estate specialist in Southern Europe, the profit made even, in this case, is 15 times higher than the rates offered by 10-year government bonds (0.4%). According to this study, which correlates the value of sales and leases of various properties to calculate their gross profitability, office space remains the most profitable...

Brexit and the UK’s exit from the European Union has affected the Spanish property market. According to the British newspaper Mirror, retirees from the UK who have chosen Spain as their second home leave the Costa del Sol in droves due to stricter immigration rules imposed in connection with Brexit and higher medical costs. This information differs from the data provided by various sources in the Spanish real estate sector. Some of them point to a downward trend in house sales, but not universally. There is also clear evidence of...

According to the Proptech Map, compiled by API Catalonia real estate agents, 501 startups in Spain use technology to improve or reimagine services in the real estate sector. This year the sector has grown by 8%. Two hundred seventy-eight people of these, more than 55%, work with real estate professionals. 58% of these offer solutions for products in the construction sector, 22% for agencies and the remaining 20% for real estate clients. According to Anna Puigdevalle, CEO of the National Association of Real Estate Agents...

The Community of Madrid will build nearly 4,000 social housing units in Valdecarros, the most significant urban development in Spain. Regional Minister for Environment, Housing and Rural Affairs Paloma Martin attended the groundbreaking ceremony for the initial construction phase. The urban area of Valdecarros is 19 million square meters. More than 51,000 houses will be built here, with a total investment of over 7,600 million euros. It will also create 480,000 jobs, both direct and indirect. ...

Spain is strengthening its position as a critical destination for real estate investment. According to forecasts of Knight Frank experts, in 2022, the country will enter the top five in terms of capital invested in Europe, with a volume of about 7.5 billion euros. Jorge Sena, Partner and Head of Commercial Department at Knight Frank Spain, said: “Spain is a beautiful country for real estate investments, in particular thanks to the lucrative luxury residential sector, where sales outperform other countries. After the pandemic, the...

Barcelona became the fourth city in the world to see the highest growth in US real estate investments in the first half of 2021, according to the CBRE consultancy. Xavier Güell, director of CBRE’s Barcelona division, noted that the average investment has been around 110 million euros over the past five years, and this year it has grown by 250 million. The most significant increases in US investment have occurred in Copenhagen, Sydney, and Hong Kong, apart from Barcelona. ...

Ferrand Font, Real Estate Research Specialist, stresses: “Positive growth will continue through new measures to combat COVID-19, the introduction of a vaccination plan, including through the implementation of the new Housing Act, which will be implemented by the end of the year, and support from Next Foundations Generation”. A new statistics report on housing, published by the National Institute of Statistics (INE), provided national data on the dynamics of house sales and purchases recorded in July. ...

The average price per square meter of housing in the Balearic Islands in July this year was 3,132 euros. It is the highest value for real estate in Spain at the moment. The increase in prices compared to last year was 11.9%. It follows from data released on Thursday by the Spanish Association of Notaries. This increase is primarily due to the growth in the cost of single-family houses, which increased by 33.9%. On the contrary, apartment prices fell by 10.3%. In July, 1,459 housing purchase and sale transactions were registered, 18%...

A bank loan accompanies a large number of transactions. The most popular are lending institutions with a large number of clients and a respectable reputation. In Spain, banks such as BBVA, Banco Santander, CaixaBank and Banco Sabadell have the most clients, so many potential buyers want to know about their mortgages and benefits. The answers to these questions are offered by the experts of the banking comparator HelpMyCash.com. They collected relevant offers and analyzed the market to find the most attractive mortgage loans possible. ...

Seventy-eight-year-old Paloma Rodriguez suffered from covid-19 and was discharged from the hospital on April 1, 2020. She responded with a sharp refusal to her daughter’s offer to return to her home, choosing Trabenzene for recovery. It is a residential complex built-in 2013 in Torremocha del Jarama (province of Madrid). The authorities have provided self-managed housing for the elderly to make it easier to look after them during the pandemic. “Being here when I got infected and getting the opportunity to recover is a real gift of...