Sunday, September 20, 2020
Home Retail Barcelona App...

Barcelona Approves the Change of Use for the ‘El Corte Inglés’ Building on Plaza Francesc Macià

The municipal government has approved the change of use to "office" for all of the property's floors, with the exception of four that may still be used for commercial purposes.

Source: Google Maps.

Barcelona City Council’s Government Committee has given the green light to the special plan for the change of use of a building that is still home to El Corte Inglés on Plaza Francesc Macià.

The modification has been promoted by the current owner of the property, the company Mersan Assets Management, which acquired the building last year from the department store chain for 151.5 million euros, according to La Vanguardia.

Read the full article in Spanish.

B-Exclusives

How Covid is Affecting House Prices: Map of the Decreases by District

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.

Property Developers Launch Large Urbanisations Post-Pandemic

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.

Madrid Backs Luxury Housing to Curb the “Suburb Effect” of the Pandemic

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.

Latest news

The Bank of Spain Warns of an “Incomplete” Recovery in the Real Estate Market

The entity forecasts an increase in investment in housing during the second half of the year associated with the progressive normalisation of the figures for house sales and new build starts.

Urban Land Prices Fall by 15% to Historical Lows

In the second quarter of the year, the average land price stood at 139.6 euros per square metre, down by 15.2% compared to 2019. In this way, it has fallen to the lowest level in the historical series.

Quabit Records Losses of €50 Million to June

The property developer recorded losses amounting to 37 million euros on the value of some land, which exacerbated its losses, despite delivering 410 homes during the first six months of 2020.

Room Mate Opens its First Apartment Building in Málaga

The property comprises nine exclusively-designed standard, superior and duplex apartments in the Be Mate division, including an impressive 114 square metre penthouse.