Monday, March 1, 2021

Edición:Palma de Mallorca

The Socimi Tander Expands its Share Capital by €43 Million and Buys a Commercial Premise in Palma

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.

Madrid, Barcelona and Palma, the Provincial Capitals Where New Home Prices Are Rising by the Most

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%.

Most-Read B-Exclusives: The Gap Between Buying and Renting a Home Doubles to 5 Years

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.

Mapfre Sells Five Nursing Homes to Healthcare for €50 Million

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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Latest News

Who Are the Construction Kings in the Balearic Islands?

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 Lowdown on the Decrease in Rental Prices in Madrid Post-Covid

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.

Ranking of Property Developers in Barcelona By Number of New Homes They Plan to Complete

Five property developers lead the new-build residential market in Barcelona and neighbouring towns, according to the big data platform Brainsre.

The Rental Market a Year After the Outbreak of the Pandemic

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.

Most Read

The Qatarí Group Al Alfia Acquires Shares in Urbas in Exchange for a 51% Stake in Ecisa

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.

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.

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%.

Major Investment Funds Slow Down Their Investments in Spain, Halting Ongoing Transactions

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.