Friday, August 14, 2020

Edición:coronavirus

Sales of Second Homes Increase by 29% in July

The demand for second homes grew by 29% in July. Prices, however, have fallen by between 5% and 10%, and experts predict that this decline will continue in the coming months.

Spain’s Six Largest Developers Face the ‘New Normal’ with Enough Land for 93,000 Homes

Metrovacesa is the largest holder of developable land in Spain, with a portfolio of 6 million m2, followed by Via Celere, Aedas Homes, Neinor Homes, Quabit and Insur.

Housing Rents Rise by 2.74% Y-o-Y in July, but Fall by 1.52% Since June

In July 2020, rental housing in Spain had an average cost of 975 euros/month, a fall of 1.52% m-o-m, according to the website pisos.com.

The Price of Luxury Homes Falls by 0.9% in Madrid

Although the price of prime, or luxury, residential assets posted an average year-on-year increase of 0.9% worldwide, that is the lowest rate since the fourth quarter of 2009, during the height of the global financial crisis, according to a study by Knight Frank.
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Latest News

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.

Most Read

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.