News, page 86

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 2022 (-5%). Most of the fall in 2021 will be in prime neighborhoods in major cities, where the revaluation exceeds 10% and rents fall sharply from -10% to -15% in Q1...

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 around 900,000 euros. The area of the apartments varies from 250 sq. m. to 330 sq. m. on the first floor. In addition, the houses will have parking spaces...

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 estate sector.Average age The report was compiled based on the information provided by the real...

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 two weeks in August. The high demand for holiday apartments has led to a sharp increase in prices. You will have to pay up to 2000 euros for a 3-room...

Dalt Vila still has the highest price for secondary housing in the Balearic Islands at 5,000 euros per sq. m. However, it is also the municipality in the entire autonomous community that recorded the biggest price drop in the last year – 7.6%.These figures from the Fotocasa real estate portal also show that there are five municipalities in the archipelago where the barrier of 4,000 euros per sq. m. is exceeded, and the first three of them are in Ibiza. In addition to Dalt Vila, there is Santa...

House prices in Spain continue to increase after the impact of the pandemic. In May, the average price of ready-made housing (new and secondary) rose 1.3% year-on-year, after rising 0.5% in April, according to IMIE Local Markets statistics from Tinsa. The largest year-on-year growth was observed in the islands - by 4.6%, and on the Mediterranean coast - by 3.2%. Meanwhile, in the capitals and major cities, there was a stabilization, with a slight increase of 0.1% per month, resulting in an increase of...

The lifting of restrictions and the advanced schedule of vaccination against coronavirus in Spain create encouraging prospects for the real estate market. This is what the evaluation company Instituto de Valoraciones believes. In its latest study, the company summarizes trends that may set the pace of the sector in the coming months, and lists foreigners, tourist houses and second homes as the main drivers of the real estate market in the summer, with favorable financing conditions offered by banks to...

The offer submitted by both companies has bypassed that of Visoren's, and they have been selected as a private partner by Habitatge Metròpolis Barcelona to build 4,500 rental houses. Habitatge Metròpolis Barcelona (HMB) is an organization through which the City Council of the Catalan capital and its metropolitan region intends to create a fund of 4,500 affordable rental houses within ten years. To develop this fund, the City Council announced a tender to find a private partner and after several...

According to notaries, the housing market continues to move on the path of recovery after the worst period of the coronavirus crisis has passed. The prices for houses sold in the eight autonomous communities have already marked higher values in March 2021, according to the latest published data, compared to prices recorded in February 2020, the last full month of the pre-COVID period. Aragón (11.5%), the Balearic Islands (5.5%) and the Canary Islands (5%) showed the largest increases, while Navarre (-22...

Culmia, one of the leading developers in Spain, is launching the Culmia Arbeyal Gijón project, located on the beach of the same name between the neighborhoods of La Calzada and Natahoyo.- The project consists of 48 apartment buildings with 2, 3 and 4 bedrooms, all of which have terraces with sea views.- The complex, adapted to the environment, is characterized by high energy efficiency and has an energy rating.- Culmia