Thursday, August 13, 2020

Edición:actualidad-foto-en

Germans Still Look Fondly Towards Spain’s Islands

Almost 112,000 Germans see Spain, and the islands in particular, as their favourite destination for holidays and having a second home. Of those, 25,700 have chosen to live in the Canary Islands.

The Catalan TC Advises that the Rental Law Infringes Upon the State

The Consell de Garanties Estatutàries (CGE), along with the Constitutional Court in regional matters, has advised that the rule under consideration by Parliament to freeze any increase in rents, would infringe up the powers of the State.

Footfall in Spain’s Shopping Centres Fell by 25.2% in July

The drop of 25.2% is, in reality, the smallest year-on-year drop since the beginning of the declaration of the state of alarm. Footfall had decreased by 89% in April and by 82.5% in May.

Major Real Estate Firms Post Their Worst Semester Since Stock Market Debuts

In the first half of the year, the companies Metrovacesa, Lar España, Colonial and Aedas Homes recorded total joint losses of 134.7 million euros due to the devaluation of their assets.
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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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Santander Plans to Invest €1 Billion in NPLs

The bank is planning to enter the market for non-performing loans as a buyer and is looking to invest €1 billion in the doubtful credit market.

Chenavari Puts its Entire Property Portfolio in Spain Up For Sale

The British investment manager is looking for a buyer for its real estate portfolio in Spain, which is valued at 700 million euros.

Sabadell and Chenavari Receive Offers For Their Portfolios With Discounts of Up To 50%

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%.

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.