News, page 69

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% this year. The number of transactions is already significantly higher than the indicators of 2020 and is approaching the indicators of 2019. The rise in prices was particularly noticeable in...

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 the President of the Canary Islands and the President of the Cabildo of La Palma, he visited the areas of El Fuerte and Tahuya. He also intends to visit the forward command post and areas...

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 number of apartments offered. It is the opinion of the Spanish Association of Private Property Buyers (Aepsi), noting that “the restrictions of the rent law forced many owners to sell their...

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 significant for us. With our business model overhauled over the past year, various initiatives have been taken to foster innovation and the evolution of work practices,” Cristina Rodríguez...

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 will be built here. Each house will be designed for two apartments and will be built on a plot ranging from 200 to 500 square meters. The plots’ size and location make the block potentially...

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 selling a Spanish house. As a rule, both sellers and buyers realize in advance that they cannot do without bargaining during negotiations. As a result, the former deliberately inflate the price,...

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 sales will soon go digital, and the time for all stages of the transaction will be reduced thanks to the introduction of an electronic signature. ...

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 down payment required to buy a house in this city. “If you live and work in Jerez, you will be able to save up for a down payment on your dream house in an average of five years and...

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 Congress with a promise that this amount will begin to be allocated “in the coming weeks.” As the minister explained in the parliamentary committee, the bulk of the funds - 2.97 billion...

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 attractions, among which there are places of modern heritage. And among them, there is one that stands out from the rest due to its innovative nature. This is about La Nogalera. ...