News, page 76

Buying an apartment is a decision that has many variables to consider. Square footage, location and budget are some of the most important factors before buying. Covid emergence has shown that additional capabilities are now more important and take precedence over values ​​such as location in large cities. Location According to the COAPI General Council of Spain, the pandemic has led to the fact that demand has shifted a significant proportion of apartments to single-family houses located in peripheral...

Such a seemingly insignificant factor, like the time of year when an application for a mortgage loan is submitted, can affect both the bank's decision-making and its conditions. In this sense, summer is the least suitable time of the year to apply for a mortgage from a financial institution. In 2019, compared to 48,337 properties transferred in Spain in July and 43,356 in October, in August and September (when purchases confirmed in previous months were made), the number of houses transferred was 35,723 and 38,279, respectively...

The impacts of the coronavirus pandemic over the past year around the world have not made the Murcia region, or rather its coastal zone, less attractive to foreigners, who continue to look at the 11,313 square kilometers of the region when it comes to buying a house. A good example of this is that Murcia is the fourth community at the national level with the highest proportion of foreigners buying and selling housing. One in five out of 18.1% of transactions is made by foreigners. The region is second only to such tourist giants as...

A notable recovery in the coastal holiday property market has been observed from Eau Val Minor to A Guarda. This is the stretch of the Galician coastline where the market for apartments and rentals is experiencing the greatest buoyancy, according to Tinsa real estate market report annually. The document states that holiday property market is recovering on 66% of the country's territory in a “moderate” mode, but noticeable recovery is present only on 3.4% of the coast, including the area from Nigran to the mouth of the Miño...

Increasingly popular type of remote work in Spain has led to changes in property demand, sparking a growing interest in houses outside the major capitals, as well as in cities around large cities, whose residents, in most cases, live between working in a big city and living in their own locality. In this case, we will leave aside large urban areas (GAU) to focus on the next stage - small urban areas (PAU). This division of the country's territory was developed by the Ministry of Transport, Mobility and Urban Agenda in the latest...

The consequences that the pandemic had on the Spanish property market during 2020 and the first half of 2021 are well known to everyone, experts and non-specialists alike. Countless articles have been written about famous rebus sic stantibus clause, renegotiation of commercial leases, exponential growth in demand for logistics assets, job optimization through teleworking and smart work, and great opportunity to acquire distressed hotel assets. It can be assumed that discussions about the applicability of the “rebus sic stantibus”...

In June, 291 houses were sold in Salamanca. In May 2019, 313 houses were sold, more than two years have passed since the sale of such a number of houses in one month. 291 houses sold in June consisted of 256 secondary ones and only 35 were newly built. The option of acquiring a secondary apartment and “preparing” for moving in is gaining popularity among residents of Salamanca. Comparing June 2021 to June 2020 wouldn't be too fair because everyone knew about the travel restrictions at the time. The pandemic paralyzed everything,...

Corridors in shabby burgundy velvet, dark, cracked walls, nostalgic discos with broken glass mirrors, terraces with charred canopies, and wedding and communion halls with white lace. These are remnants of what was once the cream of the Galician hotel sector. A print reminiscent of the “happy 90s” and brick Spain. There was no crisis, no pandemic, no Airbnb. But everything has changed. According to the Galician Federation of Real Estate Companies (Fegein), in the first quarter of the year, Galicia broke a historic record for the...

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 capital is ranked first as a favorite tourist destination in Spain for buyers from America, Latin America and Asia. Investment or secondary housing are the main preferences of international...

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 pandemic was not helping too much and had paralyzed everything," although she noted that luxury "has suffered the least." She recalled the wide range of luxury opportunities...