News, page 7

The term of home ownership in Spain is growing. The average resident of Spain has owned his real estate for almost 17 years, if you rely on the data of the Association of Real Estate Inspectors of Spain. This indicator is evidence of both negative and positive features of the Spanish real estate market. The positive thing is that not so many people are losing their homes, despite all the instability of the country's economy in recent decades. The population has enough money to live under its own roof. The term of ownership has been...

One day Elena Gutierrez had a thought: "When issuing loans today, banks behave as if they are doing you a favor. What if we turn everything upside down and force the banks themselves to fight for the customer's attention?" It is this idea that underlies the startup Colibid, co-founded by a young entrepreneur from Burgos. Colibid is a fintech company that tries to make mortgage loans easier and cheaper for ordinary people by forcing banks to enter into blind competition among themselves for the opportunity to sign a person to their...

Difficulties with the acquisition of real estate in the country, which many residents of Spain are experiencing today, do not scare off investors. Both foreigners and Spaniards themselves who have moved abroad still prefer to make a profit by investing in the local economy. Including the housing market. At the same time, we also observe a significant number of Spaniards living abroad who still want to have a place to live, a second home, at home. Their interest extends to a fairly diverse list of regions of the country, but they pay...

Mini-apartments with an area of less than 30 square meters account for only 0.3% of the total real estate market in Murcia, which is more than twice lower than the national average. In addition, only 11.8% of residential properties in the region have an area of 30 to 60 square meters. The largest market share is occupied by large-sized offers from 60 to 100 square meters. They account for 50.8% of the market. Up to 31.7% of the market accounts for housing from 100 to 150 squares. Super-large objects, from 150 square meters, occupy 5...

The Balearic Islands have completed 2022 as the region with the highest land prices in the urban area. A square meter of land here cost 341 euros at the end of the year, which was the result of a 10.5% increase in price during the previous 12 months. At the same time, the land market in the urban area, on average in Spain, ended last year on a downward trajectory. According to the data of the Ministry of Transport, Mobility and Urban Development of Spain (MITMA), the drop in sales was about 26%, the area of the territory transferred...

The Spanish real estate market again showed interesting figures at the end of the first quarter of this year. The first thing that catches your eye is that prices continue to rise, primarily in large cities, although at a more moderate pace than in 2022. Malaga is once again in the spotlight. The secondary housing market of the country is growing in prices. For the first quarter at the national level, prices increased by about 2.9% by the fourth quarter of 2022, according to the real estate portal Idealista. The square meter has...

The real estate market in Spain is constantly changing and you will always face challenges and difficulties when trying to sell your home. There are, of course, strategies for how to do this most effectively, as well as quickly. Below we will indicate the main points that you should know when entering the market today. The right choice of market price This is what any sales event should start with. Setting the right price is very important not just to find buyers, but it is banal to collect the first views of your offer....

Although it may not seem very obvious, real estate is a fairly liquid commodity and allows you to quickly get your hands on money. In fact, within the framework of the Spanish market, it is possible to find a buyer for a newly put up for sale object literally within a couple of weeks. Add to this a month for the sale procedure and the money is already in your bank account. Old or new real estate, renovated or in need of renovation, purchased or inherited. Almost any product sells out like hot cakes, for which you can largely thank...

The demand for housing in Spain is growing, despite the increase in interest rates on mortgage lending. Despite the fact that for any citizen of Spain, the current price level is almost beyond the threshold, if not already beyond it, for wealthy foreign buyers and investors, housing prices in the country are still very attractive. Among European countries, Spain is generally one of the most profitable countries for purchases, including in terms of return on investment for investors. At the same time, the country has another important...

In the latest issue of the "Corner of Real Estate", organized by the publication Estrategias de Inversión, the topic of affordable housing and affordable rental real estate in Spain was raised. Affordable, or social, housing is a painful topic for the country. For many regions of the country, the presence of an extensive market for such real estate seems to be something impossible. Ricardo Sousa (CEO of Century 21 Agency), Gloria Folch (Director of the Social Fund Advero Properties), Jaume Borras (Business Director at Culmia), as...