Thursday, July 16, 2020

Residential

Spaniards Go From Spending 28% of Their Salaries on Rent to 40% in 5 Years

According to the study entitled 'Ratio of wages and rental costs in 2019' by Fotocasa and Infojobs, the average Spaniard spent 40% of their income on rent last year, up by six points compared to 2018 (34%).

Sareb Grants 1,300 Homes for Social Purposes in Cataluña

The company that manages assets proceeding from the rescued banks has closed a new agreement with the Catalan Administration to increase the number of social homes granted by the region to 1,299.

House Prices Will Fall by 5% Until 2022

We will have to wait until at least 2023 to see prices return to their 2019 levels, according to the forecasts made by Euroval and the Institute of Real Estate Analysis (INSTAI).

Aedas Returns to its Pre-Covid Level of Activity with 106 House Sales in June

The property developer owned by Castlelake has now closed the sale of almost 3,000 units, which will be delivered over the next two years and which will generate revenues of €1 billion.
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B-Exclusives

Rental Prices Fell by 10% in Madrid and Barcelona During the State of Emergency

During the lockdown, residential rental prices in Spain decreased by 4.9% on average, with the large cities recording the greatest falls.

House Prices in Madrid Rise by More Than 45% in Five Years

The average home cost 295,927 euros in the Spanish capital at the end of March, compared to 165,280 euros on average in Spain.

How Much Does it Cost to Rent a Home in Your Area According to the Government’s Statistics?

The map prepared by Brains RE using data from the Ministry of Development's index reveals the rental prices in each municipality in Spain; and they vary quite a lot compared to other indicators.

Where are the Most Expensive Homes in Spain?

25 Spanish towns registered house sales costing more than 3,300 euros per square metre during the first quarter, including eight municipalities in the Balearic Islands.

Top News

Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy

Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.

Brainsre.news: What Happened in April 2020?

The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.

Santander Explores How to Securitise NPLs Through Deva Capital

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.

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by the editor

Brainsre.news: What Happened in April 2020?

The impact of coronavirus defined the real estate market in April, although operations were actually closed in the commercial and logistics markets and new projects were announced in Madrid and Málaga.

Hotelbeds Receives a €430M Injection from 3 Funds to Head Off the Risk of Bankruptcy

Cinven, EQT and Canada Pension Plan Investment (CPPI) have decided to contribute €430 million to the Spanish company, which they acquired in 2016.

Santander Explores How to Securitise NPLs Through Deva Capital

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.