Tuesday, August 11, 2020
Home Companies Realia Earns ...

Realia Earns 95% Less and Reduces the Value of its Rental Assets by €20 Million

The half-year results of the real estate company controlled by Carlos Slim reflected a negative impact of €19.02 million due to the forecast decrease in rents and yields, leading to a sharp drop in profits.

Realia, the Spanish real estate company controlled by Carlos Slim, generated a profit of 1.5 million euros during the first six months of 2020 compared to 32.08 million euros in the same period a year earlier.

This significant decrease was driven by the company’s decision to increase its provisions and reduce the value of its asset portfolio due to the economic crisis caused by Covid-19.

Read the full article in Spanish.


Madrid Backs Luxury Housing to Curb the “Suburb Effect” of the Pandemic

Moncloa and Chamberí overtake the neighbourhood of Salamanca as the districts with the most expensive new build homes in the capital, whilst in Moratalaz there are no new build homes on the market.

The Supreme Court Annuls the Requirement to Notify the Treasury about the Transfer of Housing for Tourist Use

The High Court has annulled the article that regulated the obligation to inform the Treasury about the transfer of housing for tourist use by applying a ruling from the European Court of Justice regarding Airbnb.

In Which Municipalities Do Britons in Spain Choose to Live?

More than 250,000 Britons reside in Spain, mainly in towns along the Mediterranean Coast where, in some cases, they outnumber the Spanish population.

A Dozen Property Developers Lead the Construction of Luxury New Homes on the Costa del Sol

High profile property developers, such as Aedas and ASG Homes, are sharing a leading role with local companies in an area where homes can cost more than one million euros.

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