News, page 77

"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...

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...

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...

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...

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...

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...

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...

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...

Mazabi is expanding its portfolio. A property management company has acquired a hotel in Cordoba. The facility, located in the Jewish quarter, consists of 20 rooms, a Cordoba courtyard and a 200 square meter roof terrace. The family office, led by Juan Antonio Gutierrez, has bought the property from Hospedería Atalia and plans to turn it into a...

Cryptocurrency is gaining momentum in the real estate sector. And although a significant part of the population still does not know how they work, when viewing some of the main real estate portals, there are more and more ads in which cryptocurrency is accepted as a form of payment. The use of cryptocurrency has become a widespread phenomenon....