Home Residential The Price of ...

The Price of Parking Spaces in Spain Falls by 29% in Five Years, According to Fotocasa

In 2020, buyers paid 8.4% less for a parking space in Spain than they did in 2019, according to the real estate portal.

The real estate portal Fotocasa has prepared a report entitled “Cumulative variation of parking spaces in Spain in 2020“, based on the prices of parking spaces for sale in the month of December for the last 5 years. The conclusions reveal a national drop in prices of 29% since 2015 and of 8.4% since 2019.

In this way, the average price of a parking space in Spain in 2015 was 13,762 euros but by 2020 that figure had fallen to 9,817 euros. The most expensive areas in Spain are currently the Basque Country (€ 17,828), Cantabria (€ 13,800) and Asturias (€ 11,754).

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.

Latest news

Crisis Fails to Halt Sales of Commercial Assets: €1.9 billion on the Market

The Covid-19 pandemic led to a decline in investment in retail assets, with a total volume of €2.3 billion, a figure similar to that expected in 2021, according to EY.

Value Retail Invests €50 Million to Renovate Outlet in Barcelona

The remodelling of the Village involved direct investments of €50 million and indirect investments of €7 million, generating up to 170 new jobs.

Aedas Invested €132 Million in Land Last Year

Over the last fiscal year, Aedas, a developer controlled by Castlelake, invested 132 million euros in acquiring land, where it will be able to build up to 1,945 homes.

RLH Opens Rosewood Villa Magna This Year, Invests $110 Million in its Portfolio

The company has set aside 110 million euros to renovate three hotels in its portfolio, including the one located in Madrid.