Monday, May 25, 2020
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More Expenses & a Greater Impact in Madrid than Barcelona: the Office Market in 2020

After falling by 27% in the first quarter, investment in offices will recover after the summer, according to Savills Aguirre Newman.

The measures that will need to be adopted in offices to avoid contagions and the spread of the coronavirus when the de-escalation begins will increase the expenses of tenants by €0.50 per square meter per month, according to the consulting firm Savills Aguirre Newman.

These measures include the installation of thermal imaging cameras, signage in common areas to avoid crowding, and more thorough cleaning and maintenance processes, said the Head of the Offices division at Savills offices during the presentation of the consultancy firm’s market report.

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B-Exclusives

What was Happening in the Housing Market in Spain Before Covid-19?

House prices in Spain grew slightly during the first quarter of 2020, whereby maintaining the upward trend registered over the last five years, although they were showing signs of peaking.

The Rental Home Market in Spain Continues to Rise

The gross yield on rental housing stood at 6.81% for multi-family properties and 5.61% for single-family units in Q1 2020, according to data collected by BrainsRe.

The Retail Crisis of 2008 Lasted 5 Years and the Price of Premises Fell by 33%: How Much Will They Fall by during this New Crisis?

The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.

The 2008 Crash Lasted 7 Years and Industrial Property Prices Fell by 40%: What will Happen in this Crisis?

By last year, industrial assets had recovered only 17.5% of the value that they lost during the 2008 real estate crash, after dipping to minimum levels in 2014. According to the College of Registrars, the average transaction price was €527/m2 at the end of 2019.

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The Real Estate Sector Post-Crisis

Real estate experts are in no doubt about the footprint that coronavirus is going to leave on the sector. Highlights include greater digitialisation, new investment opportunities and higher productivity.

Aedas Finalises the Refinancing of a Syndicated Loan for €150 Million

The property developer is negotiating the financing for €150 million with Citi, Goldman Sachs, Deutsche Bank, EBN and Liberbank.

Investment by Spaniards in Housing has Risen by 50% Since 2014, Exceeding that of any Other Asset

'Weak' population growth and the high stock of unsold homes will limit the growth of the supply of real estate, warns the Bank of Spain.

Vivenio Asks to Carry Out a €7.2 Million Capital Increase

The Socimi will take the proposal for two capital increases amounting to €3.3 million and €3.9 million to its General Shareholders' Meeting, which is scheduled for June.