Wednesday, November 25, 2020
Home Residential House Purchas...

House Purchases by Foreigners Fell by 37.4% to June, According to the Notaries

Foreigners bought 32,395 homes in Spain during the first half of this year, which represented 17.3% of all sales and a 37.4% decline in interannual terms.

The purchase of private homes by foreigners has returned to negative territory, after the slight increase recorded during the second half of 2019. During the first half of this year, which was inevitably characterised by the onset of the Covid crisis, 32,395 operations were registered, down by 37.4% compared to the same period a year earlier, according to data published by the General Council of Notaries.

We have to go back to the first half of 2014 to find a lower figure than that registered between January and June of this year, according to the statistical series from the notaries. Transactions carried out by foreign buyers represented 17.3% of all home purchases carried out in Spain during that period.

Read the full article in Spanish.

B-Exclusives

Madrid’s Salamanca Neighbourhood Resists Covid With No Price Decreases

The prices of commercial premises and homes for sale in the prestigious Madrid neighbourhood have remained stable; whilst the price of residential rental properties fell by 5% in the third quarter.

The Prices of New Homes Resist Covid and Continue to Rise

New build apartments in the Balearic Islands cost more than 580,000 euros on average; meanwhile, in Madrid, they cost 412,000 euros and in Castilla La-Mancha you can buy one for 122,147 euros.

The 22@ District, the Epicentre of Barcelona’s Real Estate Market

22@ is one of the most sought-after areas in Barcelona: large developers are building new residential projects and the district has the second highest prices for leasing office space in the city.

The Rental Market in Spain: the Stock Increases and Prices Fall

The average residential rental price in Spain reached 10.2 euros per square metre per month in the third quarter of 2020 and so prices remain at record highs despite the Covid-19 crisis.

Latest news

The Government Considers Extending the Veto Over Evictions Beyond January 2021

Evictions are currently prohibited until 31 January and the Executive is considering changing the rules to prolong the extraordinary measures.

Who Are the Logistics Kings in Spain?

Large international funds and property developers are taking advantage of the e-commerce boom to close 'safe-haven' operations in the Spanish property market.

Hotels Start Competing in the Rental Market with Attractive Monthly Offers

Hotels have been forced to adapt to new ways of using their facilities to withstand the crisis; examples include renting rooms for longer stays and offering coworking spaces.

The Property Developer Sierra Blanca to Invest €500 Million in Luxury Housing By 2025

In an interview with Brainsre.news, the CEO of Sierra Blanca Estates, Carlos Rodríguez, explains that his company is building the EPIC Marbella development and one of the Málaga Towers, on which it will spend 250 million euros.