News, page 72

This summer, the hotel sector showed the best occupancy and booking data indicators compared to 2020. The real estate sector is also optimistic about the fourth quarter of the year. It is expected that investments in the sale and purchase of hotels in Spain in 2021 will exceed 2.5 billion euros. This will be equal to the amount recorded in 2019, a year before the outbreak of the pandemic, according to a report prepared by the real estate consulting company Catella. This year, investments in the hotel business have already amounted to...

Cadiz is a province that is difficult to resist. There you can find cute villages, delicious food, sunny days, a pleasant climate and a high quality of life, and these are just some of its advantages. According to the latest monthly sales price report prepared by the real estate portal Pisos.com, the cost of housing for sale in the province of Cadiz last month reached 1,483 euros per sq. m., which ranks second among the most expensive properties in Andalusia. The average sale price of secondary housing in the community was 1,388...

Luxury housing market in Majorca is now more popular than ever. “I just sold two big projects in Son Vida: one was bought by a Czech, the other – by an Austrian. And they ordered five more villas from me. This is crazy”, says Carlos Segui, a real estate developer in Mallorca. He is not the only one baffled (and delighted with) the post-pandemic sales numbers. Experts agree: the real estate market is completely revolutionized. Other reasons for the “boom” in premium housing are: good weather on the island, safety and gastronomy. ...

Housing prices in Spain rose by 3.3% in the second quarter of 2021 compared to the same period last year, with growth seen in all autonomous communities, especially tourism destinations, and especially noticeable in new properties. A 3.3% increase in the period from April to June was the highest since late 2019, according to the House Price Index for Spain from National Institute of Statistics (INE). The rise in home prices in the second quarter was driven by new developments, which rose by 6% year-on-year to the highest level since...

In recent months, single-family homes have been the hottest selling properties in most of Spain. Restrictions on mobility, remote work and a new perception by people of their homes have led to increased demand for spacious properties with gardens and which are in most cases located away from the hustle and bustle of large cities. Needs have changed and space is now a priority for most buyers. The strong demand for this type of property has led to a reduction in housing inventory in the Valencia region. Meanwhile, the supply...

The luxury real estate market in Marbella, one of the most sought-after areas in Spain, witnesses a period of vigorous growth. Even though the pandemic-related restrictions are still in place, local agents say the sector is more active than ever and an uptrend is expected to continue. According to Christopher Clover’s Panorama Properties, one of the leading real estate agencies, the demand for the luxury segment of the real estate market (i.e. properties worth over 1 million euros) is steadily growing to unprecedented levels in 2021....

How much money do you need to buy a home? The average amount spent on the purchase of existing housing in Madrid and Barcelona this year decreased by 15% and 22%, respectively. Meanwhile, the average transaction price in the municipalities of Madrid and in the province of Barcelona increased by 12.8% and 4%, respectively. The figures are based on the average price of real estate transactions in the municipalities of the province of Madrid and Barcelona over the past three years. “The increase in the amount spent on a home purchase in...

According to Brains Real Estate portal, the average price of an apartment or villa in the Asturias region in late March 2021 increased by 14.2% compared to the same month of 2020. Meanwhile, prices rose by 2.9% from the previous quarter. New homes saw the highest demand. Thus, prices for newly built properties increased by 9.1% in late June compared to the same period in 2020. Existing home prices rose by only 0.8% from the previous year. “We noticed a change between the pre- and post-pandemic period. Isolation shifted...

According to Savills Aguirre Newman, the city of Malaga has become a real estate hotspot, only beaten by Madrid and Barcelona in levels of interest from investors. It has the largest share in the Andalusian housing market, and is twice as large as Seville in terms of property sales. The average square meter price of a home in the province was 1,703 euros in the second quarter, an increase of 5.4% from a year ago. In fact, properties were up 11.5% in value from the end of the previous year, according to Tinsa. ...

Home sales increased by 7.7% in the Murcia region in the second quarter of 2021, according to the Spanish Association of Registrars. Out of 4,834 transactions completed during this period, 3,929 were for existing homes. However, there was also a substantial increase in sales of new properties, up by 15.9% sequentially. Murcia was the only region in Spain to see new home sales increase. In addition, the number of transactions for the purchase of small-sized homes increased in the period from April to June: ...