Edición:Palma de Mallorca
The company, which has carried out two capital increases for a combined amount of 43 million euros, has also acquired a commercial premise in Palma de Mallorca for 4.6 million euros.
New home prices have increased by 1.4% in the Balearic capital over the last year, to €2,162/m2; whilst prices in Barcelona and Madrid have risen by 1.3%.
The significant growth in residential rental prices in Spain is triggering a rise in the effort rates compared to buying, which now exceed 45% in Barcelona and reach almost 42% in Madrid.
The Socimi has bought five nursing homes for the elderly comprising 800 beds and 150 day-centre places from its insurance partner.
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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.
Rental prices are continuing to fall, with a decrease of almost 9% in the last three months alone, according to Brainsre. Nevertheless, the amount of time it takes to find a tenant has increased by 40% since the Covid crisis began.
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.