News
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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...
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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...
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Malaga has become one of the most attractive real estate investment destinations, and its historic center is now one of the most rapidly growing areas. According to the National Statistics Institute (INE), the average annual household income in this area is 37,333 euros. The old town has one of the highest square meter...
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CaixaBank has strengthened its position as a reference institution for companies in the real estate market thanks to a specialized model that has a network of more than 150 CaixaBank Empresas centers in the autonomous communities of Spain. Over 1,500 highly qualified specialists with a solid reputation in the field of business consulting work there...
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In recent years, garages have become a good alternative to traditional financial products, such as bank deposits or government bonds. In Spain, the average yield of garages is 8.7%, and in Andalusia – 9.3%, according to the real estate portal Fotocasa. Seville also stands out as a highly profitable province in June 2021 with 12.1%. In the capital...
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Pryconsa has purchased two plots of land in the north of Madrid, on which it plans to build up about 200 homes. Both land plots are located on the Island of Chamartín, between the Madrid Chamartín railway station and the new Madrid Nuevo Norte development, which had been put up for sale at an auction by the Madrid Court of First Instance No. 92 in...
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The real estate sector in Spain is showing signs of recovery after a lull caused by the pandemic. According to the General Council of Notaries, sales of apartments reached 64,877 in June, the best monthly performance in a decade. The number of transactions soared by 70% compared to June 2020, when the Covid-19 outbreak sparked a deep recession....
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The real estate sector is still an attractive foreign investment option. According to the Spanish Association of Registrars, foreign buyers accounted for 9.72% of the Spanish property market in the first quarter of 2021. The Covid-19-related restrictions on mobility weighed on other sectors, such as Spain’s international tourism industry, while not...
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According to Fotocasa, one of Spain’s leading property portals, real estate prices in Spain have plunged by 36% compared to the same period in 2007, prior to the housing bubble burst in 2008. “For the apartment with an asking price of €225,000 in 2007, you will pay €150,600 now,” analysts at Fotocasa said. Spain’s property market is now extremely...
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Barcelona will be one of the cities where there will be a debate about what cities should be like in the future. This is the main goal of turning the city into the world capital of architecture. "This will not be a discussion exclusively for architects, there is already a UIA congress for this, which is professional. We must open it to all...
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