News, page 79

The optimistic signs for Cordoba economy are inspired by two recent studies. On the one hand, a study of economic prospects by the analytical service Unicaja, and on the other, a study on new housing prices by the Sociedad de Tasación in the Spanish Mediterranean strip, which includes eight provinces of Andalusia. With regard to economy performance of Cordoba province for the rest of the year and in general, the Unicaja research department forecasts growth from 4.9% to 6%, depending on more or less favorable scenario that Analistas...

The pandemic has caused a crisis and confusion in many industries, including real estate, which has suffered from the “paralysis” of work in Spain and houses maintenance. However, more than a year has passed since the beginning of Covid-19 and the real estate market is gradually recovering. This is evidenced by data on the purchase and sale and issuance of mortgage loans, which, despite the ups and downs, are developing positively in accordance with the state of society and the epidemiological situation. ...

In contrast to what is happening in the Spanish economy, after several difficult months caused by the COVID-19 pandemic, many banks are advertising and encouraging real estate loans by lowering interest rates. Mortgages in Spain have never been as cheap as they are in this year  of 2021. Financial companies are also encouraging and offering lower interest rates than ever within 20-30 years, because it is obvious that not only individuals and many companies have made minor transactions with money, but also the real estate market...

The decision to buy a house should not be taken lightly in terms of personal finances. It should always be considered and approached with prior planning and budgeting. Recently, interest in buying a house has increased dramatically, as well as the interest in renovations, either full or partial, in areas such as the kitchen or bathroom, or in modifications such as installing laminate or cutting parquet. The savings caused by the pandemic have boosted consumer demand. The best month to buy a house ...

Iin its report, Bank of Spain warns of the impact that the pandemic may have on the development of the commercial real estate market. The Spanish Covid-19 crisis has negatively impacted the valuation of tertiary real estate (which includes commercial assets, offices, hotels and logistics). Moreover, it warns that this could have a negative impact on banks capital “as a result of a possible increase in non-performing loans for these activities.” The supervisor also notes that the coronavirus has caused a significant...

Covid-19 has taken a huge tall to the global economy, painting a grim picture in sectors such as hospitality, commerce and tourism. The economic blow in 2020 will give way to a period of prosperity and growth in 2021 and 2022 in the Spanish economy with an expected GDP growth of more than 6%. Several points characterize the current economic situation: Strong growth after a period of intense decline in GDP. Funding at historic lows. Price inflation. ...

In 2021, property prices were different when it comes to selling or renting. Secondary property sales prices increased by 10.1% in June on a year-to-year basis, although with declines in some major capitals, rental prices in Spain fell an average of 5.6%, with more significant declines in major real estate markets. A new format is now provided for the quarterly data ranking the municipalities with the highest selling prices and rents, as well as the most demanded according to the relative demand analyzed by Idealista / data. For the...

Building your own house is an alternative that is slowly gaining momentum. On the one hand, there are many areas in Spain where real estate market is very tense, with high prices and difficulties in finding property. On the other hand, prefab house format is becoming more and more affordable, which allows you to get a house quickly, more economically and even more energy and environmentally efficient. This growth is partially supported by the existence of specialized financing - self-construction mortgages. ...

Profitability starts when the difference in price before and after renovation exceeds 25%, in Salamanca it is only 15%, so the margin is low. Before the economic crisis over ten years ago, when the real estate market was one of the main engines of the Spanish economy, buying an apartment in Salamanca for renovation and subsequent sale was a common practice and, in many cases, even very good business. However, due to the passage of time and the development of property prices in Salamanca, it becomes more difficult to make...

Real estate market is recovering at a good pace after a sharp drop caused by the consequences of the pandemic. After months of "paralysis" caused by restrictions, the desire to buy property has spurred deals. In May this year, the number of transactions increased by a historic 107% over last year, and demand is expected to remain very strong. How to invest profitably in the midst of property construction recovery? Let us take a look at some tips. 1. Planning and identifying opportunities ...