In 2020, the price of housing increased by 1.9% in Spain and this year, growth of 0.5% is forecast. Meanwhile, sales, which fell by 26.8% last year, are expected to increase by 12.8% in 2021.
The property developer controlled by the Pumar family increased its turnover by 8.2% to 132.8 million euros in 2020 and achieved a profit of 21.1 million euros.
The Socimi is considering selling four of its fifteen shopping centres because it believes that store vacancies may increase this year.
The large property developers and listed Socimis registered joint losses of more than 200 million euros in 2020, compared to gains of 1.633 billion euros in 2019, mainly due to a fall in the value of their real estate assets.
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The average ticket for new build homes continues to exceed and stand out compared to that for second-hand homes, something that has not happened since Q319, according to data from the Brains Re platform.
Ten of the major real estate companies, including Taylor Wimpey, Metrovacesa, Aedas and Vía Célere, are going to deliver nearly half of the almost 2,500 homes that are scheduled for completion on the islands this year, according to Brainsre.
The price of rental homes in Madrid has decreased for the third consecutive quarter, although the average asking price still exceeds 1,200 euros per month, according to Brainsre.
Five property developers lead the new-build residential market in Barcelona and neighbouring towns, according to the big data platform Brainsre.
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.