News, page 69

Prices increased 13% due to active participation in sales of millennials

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According to Sotheby’s, millennials are now leading the demand for luxury houses worldwide, and this group already accounts for more than a third of luxury goods sales. At the same time, transactions are concluded both on a call-out basis and remotely. This trend is actively felt in Spain, where the value of the transactions has grown by 13.3%...

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Pablo Casado appealed to help citizens who lost their houses due to volcanic eruption

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On Wednesday, Pablo Casado, President of the People’s Party, called on all administrative divisions to act jointly and quickly to provide “immediate relief” and provide houses to the residents of La Palma. They lost their houses in the eruption of the Cumbre Vieja volcano. The opposition leader visited the island of La Palma, where, together with...

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First year of rental intervention in Catalonia: offers decreased by 40%, number of contracts – by 16%

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Today - exactly one year since the Catalan law entry into force, limiting rental housing prices in the so-called “stressful” areas. The reality is that the result is far from the goal the Generalitat pursued in taking this measure. According to sector experts, due to this interference in the market, there has been a sharp decline by 40% in the...

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In a new location: Grupo Lar leases a new office for the headquarters

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The headquarters of the group of real estate companies Grupo Lar changes its address. Headed by Miguel Pereda, the company has left the old office located in Madrid at 14 Rosario Pino Street. According to idealista / news, the new address is st. Maria de Molina, 39. The move will affect about 120 employees of the company. “This decision is very...

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Aster District smart city: 5,000 houses near Madrid

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We are now witnessing a trend set by the post-covid era - the emergence of entirely new places to live, a prime example of which is the emergence of “smart cities”. Aster District is just such an area, located close to Madrid - in San Rafael, in the province of Segovia. According to the plans, 5,000 houses, a shopping centre and a medical centre...

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Expectation vs reality: why most houses are selling for less than advertised

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The high starting price, the urgency of the sale, the lack of knowledge about the actual property prices of a particular area, the upcoming renovation work in the residential area are just some reasons why most properties end up selling for a lower price. Skilful negotiation can reduce the starting price by up to 20%, which often happens when...

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Nidom Homes and Unlatch to digitize Spanish real estate sales

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Proptech Unlatch has signed a digital services agreement with Nidom Homes, a developer specializing in the construction of luxury homes in prime locations in Madrid. Unlatch is a B2B software solution designed for residential real estate professionals involved in the construction of new buildings. Through the joint efforts of the alliance, home...

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Jerez is one of the cheapest cities in Spain to buy real estate

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According to a study published by a bank, an expert on deposits and savings accounts, Jerez is one of the five cheapest cities in Spain to buy a new house. Jerez is in third place after Almeria and Cartagena. Raisin analysts have calculated that it will take the average working resident of Jerez five years and eight months to collect 20% of the...

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The government will allocate 5.52 billion for housing repairs

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Under the royal decree, a wave of housing reconstruction will be launched, which Spain will carry out with the help of European reconstruction funds. The plan presented to Brussels indicates an amount of 6.82 billion, 5.52 billion of which fall on the Ministry of Public Works and Transport. Raquel Sanchez, the head of the department, spoke to...

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La Nogalera is the first large luxury residential complex in Spain

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Torremolinos is a town and municipality in Malaga, with a traditional local flavor and peaceful life of southern Spain. Speaking of these places, lively beaches, Malaga's famous grilled fish, and vibrant nightclubs come to mind. However, it is not all about Torremolinos. Torremolinos is a unique place due to its incredible architecture and...

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