The company has received the green light for the construction of the luxury residential skyscraper project that it is developing together with Metrovacesa on the seafront in Málaga.
Mazabi Acquires a Hotel in Málaga and Negotiates More Purchases in Madrid, Cádiz and the Balearic Islands
The company is also conducting a due diligence process for the purchase of assets located in Madrid, Cádiz and the Balearic Islands.
In the case of Spanish cities, they score well in the categories of quality of urban life and ease of settling in, but fall short with respect to job opportunities.
Málaga City Council is holding negotiations with various investment funds regarding the sale of Repsol's former land, where four residential skyscrapers and a new financial 'City' are going to be built.
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The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.
Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases
It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.
Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.
The Retail Crisis of 2008 Lasted 5 Years As Store Prices Fell by 33%: How Much Could They Fall During this New Crisis?
The Covid-19 crisis has come at a time when the prices of commercial premises have not yet recovered from the previous recession, the consequences of which lasted for five years.
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.