Home Market Housing Sales...

Housing Sales Above 44,000 Transactions in February With a Boost in New Builds

A total of 44,833 homes were bought and sold in February, up 1.1% year-on-year, while 24,623 new mortgage loans were granted, up 10.3%.

According to data from the General Council of Notaries, there were 44,833 residential real estate transactions in February, equivalent to a year-on-year increase of 1.1%, which falls to 0.6% in the seasonally adjusted series.

The data once again show generalised, albeit small, rises following falls in January. Housing sales began 2021 with a year-on-year fall of 12.2%, to 34,886 operations, while mortgage loans had a milder decrease of 3.8% compared to January 2020, according to the notaries’ data.

In February, the sale of flats Meanwhile, that of free-priced apartments fell by 3.0%. This fall in the sale of flats stemmed exclusively from a contraction in the sale of second-hand flats (-4.7%), while the sale of new apartments rose by 14.1%. Meanwhile, sales of single-family homes increased by 14.6% year-on-year, reaffirming Spaniards’ interest in gaining space and fresh air after the coronavirus pandemic outbreak.

Read the full article in Spanish

B-Exclusives

The Largest Players in Housing Sales and Rentals in Madrid

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

The Leaders of Spain’s Rental Housing Market

Engel & Volkers, aProperties and Spotahome lead Spain’s rental housing market by volume, according to Brainsre data.

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Latest news

El Corte Inglés Puts €400-Million in Logistics Centres Up for Sale

El Corte Inglés has commissioned BNP Paribas to find an investor to buy its portfolio of logistics centres where it has the goods it sells in its shops. The retail group will begin its disinvestment plan to reduce debt through the sale of logistics assets.

Pryconsa Bets on BTR with a 700-Home Portfolio in Madrid

The Colomer family owned the real estate company has told Brains.news that they are aiming to occupy an important position in the rental business, “just as we lead the market for new home sales.”

2021’s Leaders in Real Estate Investment in 2021, According to the Big Consultancy Firms

Experts from the consultancy firms EY, Knight Frank, JLL and KPMG have told Brainsre.news that there is plenty of liquidity in the real estate sector, but investors are waiting for further adjustments in many cases to asset prices.

Grupo Puma Acquires 30,000-m2 Plot of Land in the Dos Hermanas Business Park

The factory will eventually cover approximately 13,500 square metres, in a total investment of five million euros.