The fall in tourism in Spain has caused the owners of the Hotel Único in Madrid and the Fairmont Rey Juan Carlos in Barcelona to put those properties up for sale.
The bank chaired by Ana Botín has launched a non-performing asset management platform (for NPLs and foreclosed homes) that will also render services to third parties.
The company controlled by the Enacom group has completed a capital increase worth 673,990 euros, after closing 2019 with negative equity.
Hotel Owners in Ibiza Put 30 of Their Properties Up For Sale, Including Several 5-Star Establishments
Around thirty aparthotels, hostels and hotels with three- to five-star ratings located on the Balearic Island are currently up for sale on various real estate portals.
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Tetuán has become one of the most sought-after neighbourhoods in Madrid capital, thanks to its competitive prices and the emergence of new projects. However, coronavirus is weighing down on the market, especially when it comes to rental properties.
In the three remaining months of the year, property developers expect to finish 20,551 homes in Spain, distributed across 1,061 developments, several of which will comprise hundreds of units.
By 2050, 31.4% of the population in Spain will be aged over 64 years due to aging and a longer life expectancy. The supply of nursing homes for the elderly will need to double its capacity to keep pace.
According to data from INE, over the next 15 years, Spain will gain 954,497 inhabitants, which will represent a population increase of 2%, with decreases in 9 autonomous regions and increases in 8 and a significant impact in terms of the foreign population in Spain.
The Qatari group, which owns the Alicante-based construction company Ecisa, has given up half of its stake in exchange for shares in the listed real estate company.
The sale of the first two portfolios post-Covid in Spain reflects the fears of the international funds, which are making offers with average discounts of 20%.
International investment firms such as Fortress, Bain Capital and Bayview are opting to look for potential investments in southern European markets outside of Spain, putting operations such as the sale of NPL's in Santander and Sabadell on hold.