News, page 89

Madrid is the region with the highest increase in house prices compared to last year

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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...

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After a year of the pandemic, Spaniards earn more, and the time required for paying off their housing debt is reduced to six years

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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...

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Luxury house purchase requests rise by 66% in Mallorca

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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...

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New construction rises, buying and selling prices are stable, and rental prices fall in cities such as Ceuta, Caceres and Gipuzkoa

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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...

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Spain’s most expensive and luxurious areas

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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...

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Can you buy a house with bitcoin in Spain?

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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...

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Zamora is the province of Castilla y León with the lowest price for rental housing

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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...

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Leon is the second province where it is cheaper to buy secondary housing

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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%. In terms of price, the Balearic...

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From Coruña to Madrid: prefabricated housing development grows in Spain

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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...

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Interest in buying hotels remains high in Spain

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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...

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