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The Council of Ministers of the Spanish Government has authorized the allocation of € 1.631 billion to the Autonomous Communities and the cities of Ceuta and Melilla to rehabilitate property and public buildings as part of the Urban Recovery and Revitalization Plan. Castilla y León will receive a total of 86.851 million euros: 62.625 million euros from the program for the economic and social rehabilitation of residential areas out of more than 1 billion euros, which the government allocates...

The luxury real estate sector was no immune to pandemic. In the middle of last year, Barnes estimated the fall in prices in Spain to 20%. However, it can be said that the real estate market as a whole has coped with the pandemic quite well. And this applies more to luxury real estate, in particular. “Luxury property has experienced a less pronounced fall in prices than real estate in general,” says Emiliano Bermúdez, Deputy Director General of DonPiso. As a result of the current situation, the market...

Luxury real estate developer Sierra Blanca Estates will develop the first residential project for Karl Lagerfeld's fashion and design brand in Spain. Five luxury villas will be built on an area of ​​over 9,000 square meters between the Penibetica Mountains and the Mediterranean coast of Marbella, in the heart of Marbella's Golden Mile. Villas area will be from 500 to 900 square meters, and the sale price is still unknown, since the property, built with sustainable materials, will go on sale only in a few months. In addition, each...

Despite the pandemic, Urbanite, real estate crowdfunding platform, doubles the volume of investments achieved in the period of 2019-2020. In the next 12 months, the company expects to triple the number of projects and attract more than 50 million euros in funding. Urbanitae funded 13 real estate projects worth € 12.5 million in the first half of the year, positioning itself as the largest Spanish crowdfunding company in the real estate segment. During this period, Urbanitae attracted a total of 4,170 investments, with an...

After almost a year of stagnation in the tourism sector on the islands and in Spain in general, investment funds are studying the market and making very tempting offers to businessmen. There are more than 1,200 hotels for sale throughout Spain, more than a hundred are in the archipelago. The latest high-profile deal is the sale of the famous Mare Nostrum resort in Tenerife. According to EjePrime, Canada's Brookfield is completing the purchase of Selenta hotel chain, owned by the Mestre family, for 430 million euros. According to the...

Property sales prices overcame the first year of the pandemic, increasing by 10% in June over last year, according to the latest report from Idealista prices, the main real estate market in Spain, Italy and Portugal, but this increase has not been uniform across all types or across all geographic areas of the country. The largest increase in prices was observed for two-room apartments, which rose by 21.1% over the year. They are followed by one-room (12.2%) and three-room (11.5%) apartments. Villas have increased in price by 9.3%,...

Investments in the hotel sector in the first six months of this year reached 1.094 billion euro, which exceeded the level of the entire previous year – 955 million euros. It is also one of the best semi-annual records in the last 15 years. "Investments have intensified with extraordinary force," say Colliers experts, who predict "very positive" prospects for the second half of the year, with current operations worth about 2 billion euros, of which about half are already agreed or very advanced transactions.

After 2020, when the real estate market saw lows for more than a decade in property sales and purchases, and prices continued to rise, in 2021 the tone changed in terms of the number of transactions, with a recovery in demand, while prices continued to resist falling. This is, in general terms, the “diagnosis” of the main experts and real estate portals, which Business Insider Spain consulted to find out their opinion on the behavior of property buying and selling in the first half of the year and their predictions for the second...

Prices for both new and secondary property have increased by 3.6% year-on-year in June, with the largest increase occurring on the Mediterranean coast with 6.5% growth, according to data released by Tinsa. In addition to coastal property, there was a 4.8% increase in property prices for real estate located in small towns grouped in the rest of the municipalities. In megacities, in its turn, property prices increased by 4.2%, in capitals and large cities - by 2.3%, and on the islands - by 1.4% compared to July 2020, which was...

Real estate registrars confirmed that the housing market is close to restoring its normal state before the pandemic, publishing data for May. Home sales doubled compared to May 2020, but are still 3.8% lower compared to the same month in 2019. Mortgage lending in May increased by 33.3% year-on-year, but still decreased by 1.4% compared to two years earlier. The comparative data for May were fully formed by the pandemic, as well as measures to limit the spread of coronavirus infection, which were still in effect in May 2020. According...