News, page 70

Young Spaniards are often in no hurry to buy housing. The reason for this, as it may seem, is not infantilism, but financial insolvency. Buying an apartment is an economically difficult task for most young Spaniards. Since the question of the average age of Spaniards buying a house for the first time reflects the problems of the country's young population, in this article the editors of Uppers analyzed the market situation and tried to answer the question reliably. According to a report by the Colliers consulting company for...

Catella AM led the purchase of 148 units of subsidized turnkey real estate by the Sarasin Sustainable Properties Fund in Madrid for 22 million euros. The residential complex in Ensanche de Vallecas (Princesa de Capurtala, 25) is under construction. The project will consist of 148 1- and 2-room subsidized residential units with energy rating A and BREEAM certification. When the construction is completed, there will be 152 parking spaces and 148 storage rooms. On an area of 10,080 sq. m., 1 commercial premises, public areas, and a...

The pandemic caused a sharp rise in housing prices. According to the Global Price Index of the analytical publication Knight Frank, the average increase in real estate prices in 55 countries was 9.2%. Only two countries managed to stand out from the general statistics: India and Spain. Spanish housing is on the lowest position in the rating of the consulting company – on the 55th place. At the end of June 2021, Spain recorded a 0.9% decrease in prices compared to the same period last year, while in India the drop was 0.5%. ...

Renting a house for private use, especially if it concerns young tenants, is rare in Spain. And this is not surprising. According to the Youth Council of Spain, renting a house in Spain means spending about 91.6% of income on rent. This situation leads to the fact that many people rent an apartment together with friends or acquaintances. This method allows you to reduce the cost of renting housing up to 27.8%. Below you will find more detailed information about the cost of rent and prices in different cities of Spain. ...

Ernst&Young's analysis revealed 118 expensive transactions made in the Spanish market of office, hotel, commercial, and logistics real estate. According to a detailed E&Y analysis, there are 118 pending transactions worth 8.128 billion euros in the Spanish real estate market. This figure includes office, logistics, hotel, and retail facilities. By asset value, the sector with the largest volume of real estate for sale is the hotel sector for 2.487 billion euros, which is 30.6% of the total amount. ...

Delays in the issuance of construction licenses and permits create a shortage in the Malaga housing market. In recent years, Malaga has demonstrated an unprecedented increase in the birth rate. But due to stagnation in construction, which hinders investment and real estate development, the housing stock cannot adapt to the current situation in the Andalusian region. The analytical center Foro Regulación Inteligente reports more about this problem. The publication points out a decrease in approvals for houses by 91.14%. It takes more...

"138,000 euros for a parking space?" This question is asked by clients who come to any real estate agency in Cadiz looking for parking for their car and see this dizzying ad. The garage costs 138 000 euros. Despite the astronomical price, the ad is actual, and this figure is how much the owner has been asking for it for several months. However, some customers are interested in the property characteristics. It means that it is something more than just a parking lot. It is not just a parking space, but a garage in the historic...

KKH presents a new project. It is located at the intersection of Diagonal Avenue and Paseo de Gracia in Barcelona. Moreover, it is erecting a new 75-meter residential tower under the commercial name Mandarin Oriental Residences. The project will have 20 floors. The first apartments in the tower were sold at a price of EUR 30,000 per sq. m., which is a record for Spain, where until now the cost of luxury housing barely exceeded EUR 20,000 per sq. m. There are only a few weeks left before the building officially goes on sale. ...

Cube Two is a development project, which is launched by Nestron. It is a company specializing in the design and marketing of houses, the main feature of which is the ease of installation. Ready-made prefabricated houses can be installed on any residential plot, which significantly reduces the time from the moment of purchase to settlement. According to the website, Cube Two houses have an average size and are adapted for a comfortable stay of a family of three or four people. They have two bedrooms, which is ideal for families with...

Warren Buffett, one of the five richest people in the world, has put up for sale 1,230 luxury houses in the Malaga and Cadiz districts in Spain. He did this through his real estate company Berkshire Hathaway Home Services Latvia (Bhhslarvia), which specializes in the sale of luxury residences in Spain. The houses and plots are located in the popular tourist area of the Costa del Sol, known for its beautiful beaches. The price of these houses starts from EUR 1,000,000. The pricing policy of the region varies. There are...