News, page 89

According to the monthly sales price report from Pisos.com, the average price for secondary housing was 2,792 euros per square meter in Madrid in April 2021. This figure increased by 1.15% compared to March, which is the second highest figure in Spain. Year-on-year growth was 5.84%, the highest in the country. Madrid was the second most expensive autonomous region, behind only the Balearic Islands (3,065 €/m2). In addition, Madrid was the third most expensive province. As...

The average Spaniard has to devote the entire salary for 6 years to paying off the mortgage loan for their house bought in 2020. This is 2.5 months less than in 2019 (6 years and 2.5 months), according to the study "The relationship between salary and purchase of housing in 2020". It is based on the average prices for secondary housing from the Fotocasa real estate index and data on average salaries from job offers on the InfoJobs platform. In 2020, the prices for the sale of housing in Spain closed with an...

According to Engel & Völkers Mallorca, online requests for luxury real estate in Mallorca in the first quarter reached a record-breaking level, with an increase of 66% compared to the same period last year. The company's manager in the Balearic Islands, Florian Hofer, notes that this historical record of requests from potential buyers "is a reflection of the great interest that Mallorca arouses from customers, even in such difficult times as these." ...

New construction projects show better results than secondary real estate. This trend may continue at least in the first half of the year. In the first quarter of 2021, property sales and purchase prices have increased by about 1% year-on-year. In the rental market, there is an opportunity to adjust the price, which in the previous quarter decreased by more than 2% compared to the same period last year. The pace of transactions has recovered rapidly after...

A square meter costs 8,683 euros in the most expensive area of Spain. "The city of San Sebastian has held the top position for many years as the most expensive city to buy a house, although in some cases this position is taken over by the city of Ibiza. Currently, San Sebastian has an average price of 5,576 euros per sq. m. And taking into account that the average price in Spain is 1,883 euros per sq. m., the price in San Sebastian is 196% higher than the average in Spain," explains Maria Matos,...

Eleven years ago, a user of the Bitcointalk forum decided to order two family-sized pizzas and pay for them with cryptocurrency, which was not widespread at that time. The price of 10,000 units of bitcoin was about $41 in 2010. Today, the same amount of bitcoin costs $400 million, and we could buy almost twenty million of the same family-sized pizzas. 2020 has been the year of the cryptocurrency boom, and 2021 seems to follow the growth path of this popular virtual currency. And although the idea of...

Zamora has become the province of Castilla y León with the lowest rental prices, according to data by the consulting company Gesvalt in its report for the first quarter of 2021. In this sense, renting a house of 100 square meters costs an average of 671 euros per month in this community, with a difference between 838 euros in the city of Segovia and 562 euros in the capital of Zamora. Thus, there is also a price gap in Castilla y León. ...

The province of Leon is one of the cheapest in Spain with an average price of 1,132 euros per sq. m. after Ciudad Real with 1,113 euros per sq. m. In April, the price of secondary housing for sale was 1,731 euros per sq. m. According to the real estate portal Hogaria.net, this price has increased by 0.8%. ...

The coronavirus pandemic has revived the prefabricated housing sector, which has been growing in recent years thanks to industrial construction. Over the past year, new real estate development projects with several houses have been designed and built. Mighty Buildings, a California-based company specializing in 3D prefabricated houses, has witnessed this increased interest in the real estate sector. This year, it has introduced a new 3D-printed community with developer Palari. It will be built on...

The cost of hotels with 80 rooms or more ranges from 15 to 50 million euros. How has the local and hotel tourism sector changed in real estate interest? The pandemic has created rent-limiting laws, new tax paradigms, and changing trends. At a time of uncertainty caused by the COVID-19 crisis, the confidence offered by the market is fundamental to investing in one of the few sectors that ensures profitability today: real estate investment. In this regard, the law firm CIM Tax & Legal and the real...