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Introduction of covid passport and the speed of vaccinations have given the green light for recovery in various sectors, including real estate. In the current environment, it is expected that by the end of 2021, more than 30% of buyers of luxury real estate in Madrid will have large investment portfolios and be international entrepreneurs. The...
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The city of Marbella is considered one of the main luxury destinations in Europe, with a diverse offer that has not decreased due to the pandemic. Despite the effects of restrictions on the tourism industry, dignitaries continue to bet on the municipality. Laura de Arce, the general director of tourism of the City Hall of Marbella, said that "the...
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"I've never had so much work. In June, we sold more mortgages than ever before," says an employee of the mortgage department of a financial institution. The available evidence suggests that he is right. June was the month when more homes were sold in the last decade, with the exception of December 2012, an atypical period due to the Sareb creation...
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The price of housing in Navarre remains high, according to the Valuation Society, and is €1,916 per square meter, closely behind the Autonomous Community of the Basques, where it increased by 0.3% to €2,762 per square meter in June this year. The Basque country is still the most expensive autonomous community on the coast of Cantabria, ahead of...
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Copa del Rey de Vela was held in Palma until this weekend. One of its sponsors was Sotheby's International Realty, the British real estate agency. A company that sells luxury real estate has just opened an office on Formentera to find an active international client. But this is not the only step, the company has plans for future growth and...
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The real estate sector has left behind the coronavirus crisis. Sales and purchases of real estate in June increased by 23% compared to the same period in 2019. The numbers suggest that performance was even more active than before the pandemic. Data compiled by the Association of Property and Mercantile Registrars of Spain show that 94,330 sales...
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After the pandemic, the drop in sales and purchases of real estate by foreigners became an obvious fact, nevertheless, the sector is recovering, but is foreign investment recovering? According to data for 2021, investments in Spain from foreigners are growing. This group is betting on housing contracts with mortgages from banks, with hidden costs...
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Over the past year, real estate investment has experienced great ups and downs. With the onset of the pandemic, many predicted a “bursting bubble”, but the reality that 2021 brought is completely different: in the second quarter of this year, investments increased 258% more than in the previous quarter, according to real estate consultancy CBRE...
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The Hyatt Group moves its luxury apartment business to Spain. In particular, to the city of Madrid, where it arrives with 22 premium tourist apartments from 300 euros per night, which will be managed by Hesperia and whose marketing will begin on 4 October. Hyatt Regency Residences Madrid, located on Paseo de la Castellana 62 in a building owned by...
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Despite national and international restrictions on mobility caused by the health crisis, the luxury property market in Marbella area is more active than ever. Over the past year, starting on June 21, 2020, when restrictions were lifted in Spain, there has been an unexpected, even exceptional volume of property sales and purchases. In 2021, the...
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