News, page 75

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 prices of housing in Malaga. By the end of 2020, it reached 4,000 euros. The monthly rent of over 11 euros per square meter is also one of the highest in the municipality. In...

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 of Andalusia, parking rental prices range from 80 to 150 € per month, and garage sales prices range from 35,000 to 70,000 € in areas such as Nervión, Los Remedios and Centro. Prices are reduced to...

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. In the international arena, CaixaBank supports its business clients with a range of operational solutions with effective territorial access to 127 markets in different countries, in...

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. Meanwhile, it also represents a significant 41% increase from June 2019. According to experts, the upside is likely to continue in the coming months. ...

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 late July. The major real estate developer in Madrid will pay roughly €30 million, up 18% from the starting price of just over €25.5 million. ...

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 affecting much overseas real estate demand. The figure reveals that the pandemic has not dragged down interest from non-residents, with the number of real estate transactions increased by...

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 volatile, with property prices down 14% from 2010, but up 16% from 2016. However, we are not likely to see big swing in prices over the course of 2021, María Matos, director of...

It is planned that at the end of this year or in the first quarter of 2022 — 1050 houses in Montegancedo, the future green area of Posuelo de Alarcón, will begin to go on sale. The district is located on 688,470 square meters, more than half of which will be allocated for green areas, with a Forest park of 200,000 square meters. It will be located in the south of the municipality with the highest per capita income in Spain, closing the gap between the university campus of the Polytechnic University of Madrid (UPM) and the district of...

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 disciplines and to citizens. We must involve the entire network of associations, FAD, CCCB, the Mies van der Rohe Foundation, the Miro Foundation, all architectural schools and new groups such as...

Summer is a time of opportunity to buy or rent luxury houses, especially if they are located in coastal areas such as Costa Brava. The area is characterized by great national and international attractiveness. Exclusivity of this region has led to a significant increase in demand for real estate in the area among the French. According to the luxury real estate agency Barnes, the French currently account for 50% of luxury real estate purchases in Costa Brava. Despite the fact that the health situation and travel restrictions...