News, page 74

Buying a home can be a real challenge due to high property prices. Today, only 13 municipalities in Spain have prices below 450 euros per square meter. Idealista.com property portal has compiled a list of municipalities with the cheapest properties. Eight of the ten most affordable areas are located in Castile La Mancha, the rest are in Castile and León and Andalusia: El Carpio de Tajo (Toledo): a square meter costs an average of 304 euros. Barruelo de Santullán (Palencia): a square meter costs an average of...

By the end of 2021, over 30% of the demand for luxury properties in Madrid is expected to come from large investment portfolios and international executives. Madrid is a leading vacation destination among people from the United States, Latin America and Asia. Investment properties or second homes are especially popular among foreign investors. According to the 2021 BARNES Global Property Handbook, 89% of luxury homebuyers said they plan to spend more time during the year in their second homes, while 72% said they plan to live in...

Many employers plan to return their staff back to the office in September. Meanwhile, working from home will also remain in place, although this will not be the norm for most companies. With the onset of the pandemic, most firms in Spain were forced to switch to teleworking, leaving their offices empty. Against this background, some companies kept lease agreements for their headquarters, while others shuttered offices forever to cut costs. The trend is now to create work spaces that fit the new model, mostly with open floor...

There is an unprecedented boom in the self-built homes segment in the Spanish property market. Prefabricated homes are growing in popularity, especially because of the many advantages over traditional houses, besides the low cost. The concept of a prefab house is often associated with heavy costs, but this is far from the truth. This list presents the top three prefabricated houses for sale in Spain with a price tag under €30,000. Of course, in some cases, production and assembly is carried out by Spanish companies with an...

In recent years, the property market in Valencia has been in an uptrend. Being among the regions with the highest real estate activity, the province was hit hard by the 2008 crisis, when new home prices reached historic lows. A decade later, prices for newly built homes in the province of Valencia are showing signs of recovery, according to Brains Real Estate. In the first quarter of 2021, there was a 4.2% drop in prices compared to the same period last year. However, in April-June period, the square meter price leaped to 1,706 euros...

Grosvenor Real Estate, the Spanish branch of the Westminster family's real estate investment unit, reported losses of €619,702 and negative equity of €173,487 at the end of last year. Working capital is also negative – €339,963. This forced the parent company to invest almost €4 million in the Spanish branch through cash contributions and debt cancellation. In addition, a capital was increased by €250,200 euros. Grosvenor Real Estate earned €2.2 million in 2020, compared to €1.16 million in 2019. In the same year, the company...

Engel & Völkers is selling one of the most exclusive properties in Spain, the €65 million Solitaire Villa, located in the upper part of the residential area of Mallorca, Son Vida, overlooking the city of Palma and its bay. The villa is the work of the Italian architect Matteo Thun. In cooperation with the international developer Jens Liebhauser, the house was built on a plot of 4,250 sq. m. The building area is 2,300 sq. m. The villa has seven bedrooms, six bathrooms, two swimming pools and almost 2,000 sq. m. of outdoor terraces...

The most expensive house in the Canary Islands is located in the city of Adeje and costs €2.8 million. However, experts in this sector claim that it is in the south of Gran Canaria that the majority of elite houses are located. Idealista has compiled a list of the most expensive properties in Spain in Benahavis in Malaga and Calvia in the Balearic Islands. Their cost exceeds €7 million. However, there is no real estate on the islands that would be included in the top 10 most expensive. ...

In Spain, the culture of renting housing is gradually being formed. Currently, more than a third of Spaniards are considering renting rather than buying as a permanent residence, the Aedas Homes observatory found in July 2021. This study is aimed at better understanding the demand for housing, and almost 4,000 people were interviewed in the country. For the first time, there were the questions about happiness, digitalization and sustainable development to assess their impact on the decision to buy a house. ...

According to a study by Idealista.com, the leading Spanish real estate portal, there is a growing increase in the number of hotels on sale in Spain. Overall, 639 hotels have been listed for sale, up by 30% compared to 2020, when the figure was 490. Meanwhile, in coastal areas, there is a 44% increase. Despite an improvement in tourism activity in Spain compared to summer 2020, the ripple effect of the Covid-19 has far-ranging economic consequences. The country's most popular tourist destinations still have low occupancy...