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Richard D K Turner
A significant decline in tourism in areas such as the Balearic Islands and Malaga, together with a generalised tightening of credit, will lead smaller companies to sell assets.
The Spanish real estate sector underwent 256 mergers and acquisitions, including announced and finalised deals, in the year to July, down 36%. Th...
Occupancy at non-hotel tourist accommodations exceeded 9.9 million in July, down 49.9%, compared with a 73% drop for hotels.
Investment in commercial assets rose to 970 million euros during the first half of the year, an increase of 75%. However, the total between April and June only reached €200 million.
The coronavirus crisis is causing house price decreases of up to 70% in some municipalities in Castilla La-Mancha, the Community of Valencia and Andalucía.
Between April and August, work began on 996 developments in Spain with the ten largest comprising 1,691 homes. Of those ten, which are located in Madrid, the Basque Country, the Community of Valencia and Andalucía, four are being built by Amenabar.
Fearless Despite the Crisis: Property Developers Start Work on More than 27,000 New Homes Since April
Between April and August, work began on a total of 996 developments and 27,882 homes in Spain, according to data from the real estate big data platform Brains RE, with Amenabar, Habitat and Aedas the most active players.
Moncloa and Chamberí overtake the neighbourhood of Salamanca as the districts with the most expensive new build homes in the capital, whilst in Moratalaz there are no new build homes on the market.
Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.
The entity has created the company Deva Capital as a vehicle to explore the purchase of damaged assets from financial institutions around the world, according to various financial sources consulted by the newspaper Expansión. Investment banking sources stress that Santander's subsidiary in Brazil already acquires these types of assets from the banks through its real estate servicer.
Population Density is Not an Enemy in the Fight Against Coronavirus: Here is the Evidence from China and Spain
In regions such as Soria, Segovia, La Rioja and Albacete, the number of people infected by coronavirus per 100,000 inhabitants exceeds one thousand, which is higher than the rates in other areas where the population density is higher such as Madrid and Valencia.