Monday, July 13, 2020
Home Residential New Home Perm...

New Home Permits Fell by 36.6% in March

Requests for permits to build new homes fell to 5,956 in March - when the health crisis first started - down by 36.6%. The first quarter of the year closed down 15%.

Amenabar homes under construction in Valdebebas (Madrid).

Applications for permits to build new homes fell by 36.6% in March, at the start of the crisis, with 5,956 applications registered, according to official data from the Ministry of Transport.

In this way, requests for authorisation to build homes fell from 9,086 the previous month and from 9,405 in March 2019.

B-Exclusives

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.

House Sales Reach their Highest Prices in 8 Years

Homes sold during the first quarter of 2020 registered the highest prices seen in the last eight years, with an average of 1,747 euros per square metre; four autonomous regions accounted for 70% of the total sales volume.

Latest news

Real Estate Companies Breathe a Sigh of Relief as the Impact of Covid is Less Severe than Expected

The boom in working from home and the closure of large retail stores caused the Socimis and developers to worry about how the pandemic would affect their businesses. However, the start of the new normal is proving to be better than expected.

Spain Becomes the European Leader in Sustainable Offices

Spain tops the list of European countries with the most LEED and BREEAM certified buildings, boosted by the offices of the large Socimis such as Merlin, Colonial and GMP.

Nuñez i Navarro Invests €14 Million in a Luxury Development on Paseo de Gracia

The Núñez i Navarro Group has invested 14 million euros in the refurbishment of two buildings on Paseo de Gracia to develop 20 luxury apartments for rent.

Colonial Sells All of its Logistics Assets to Prologis for €164 Million

The Socimi has sold the rest of the logistics assets included in the agreement signed in 2019 with the US firm. Prologis will disburse 164 million for the seven developments, which together span 159,000 square metres.