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The Government Will Give €7 Billion in Direct Aid to Companies

In the aid package approved by the Government on Friday, a specific amount was earmarked for the Canary Islands and the Balearic Islands, due to the impact of Covid on tourism.

The Government will give 7 billion euros to viable companies in trouble due to the pandemic to cover some of their fixed costs, through a fund that will distribute the aid to the autonomous regions.

Direct aid formed the most significant part of the 11 billion support plan for companies that the Council of Ministers approved on Friday in an extraordinary meeting, which will be distributed through the autonomous regions.

Read the full article in Spanish.

B-Exclusives

Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Where are the Highest Housing Yields in Madrid and Barcelona?

According to Brainsre, buying a property to let is currently yielding a gross profit of 4.6% in Madrid and 4.1% in Barcelona, the lowest value in the last five years.

A Snapshot of the Spanish Residential Market

Between March and December, the supply of single-family homes fell by 12%, falling twice as quickly as that for flats, due to a sharp increase in demand, according to Brainsre.

A Snapshot of the Housing Market in Barcelona

San Martín and Sants Montjuic saw the most significant declines in housing prices, though prices are still over €4,200 and €3,500 per square metre, respectively, according to Brainsre.

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