News
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The pandemic caused a significant decline in almost all sectors of the economy, and real estate was no exception. In the key quarter of the pandemic, investment fell by 86%, and this figure has not yet recovered. Over time, each type of economic activity has improved to a greater or lesser extent, and now questions begin to revolve around the final...
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The real estate market in Aragon is close to recovering from the previous year. In fact, buying a new home in the region today costs 9.7% more than a year ago, reaching 1,919 euros per sq. m. Secondary real estate also rose 0.7%, according to statistics published on Tuesday by the Association of Registrars. One of the most striking figures in the...
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The COVID-19 crisis has shaken the Spanish real estate market, changing the housing construction paradigm and re-evaluating neighborhoods and houses, such as those located on the outskirts of urban centers and on second lines, that until now have not been particularly attractive or seen as vacation opportunities. In this context of change, the real...
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Millenium HotelsReal Estate plans to open its luxury hotel in the historic center of Cordoba by the end of 2023. It is a five-star property that the company will acquire after buying three stately houses located on Calle Cabezas and Calle Caldereros streets for 3.1 million euros. According to Socimi's own program, which specializes in hotel...
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Out of every three purchases of housing in Spain by foreigners, two are made by citizens already living in Spain, respectively, they pay on average lower prices than foreigners who do not have the right to live in Spain. Foreign buyers have always been one of the driving forces of the real estate market, accounting for a significant share of all...
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Over the past decade, the real estate sector has become one of the most attractive for foreign investors in Spain, becoming one of the key elements for the growth of the Spanish economy after the 2008 recession. In fact, according to CBRE, more than 70% of real estate investments came from foreign capital. The weight of investments falls on...
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The extension of the ERTE (temporary layoff procedure) will preserve the estimated household income for a significant part of the year. In addition, the cost of financing remains at a historically low level. All of this will support house prices in 2021, which are estimated to fall by just -1% by the end of the year and delay the price drop until...
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The luxury housing business continues to move forward after the COVID-19 pandemic. The Basque group Amenabar has just launched the project El Jardín de La Moraleja, consisting of 262 premium houses in the residential complex La Moraleja in the Madrid municipality of Alcobendas. The houses will have between four and five bedrooms and will cost...
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Spain's National Housing Stock is getting old, and the average age has increased in recent years as a result of the real estate crisis that began in 2008. However, Almería is currently the Spanish province with the youngest average age of housing stock, according to a study by the real estate portal Idealista, which is the most active in the real...
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Real estate agencies in the city of Cadiz agree that the reactivation of summer rental housing in the province's coastal cities began in April last year. The pandemic is still latent, but this is no longer a reason not to go on vacation. This is demonstrated by the data, as it is very difficult to find an apartment in the bay where you can spend...
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