Thursday, February 25, 2021
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What Does 2021 Hold According to the Large Property Developers?

The country's main real estate companies, such as Aedas, Neinor, Realia and AQ Acentor, predict further growth in the price of new homes, due to the demand for repositioning and the reduction in supply.

The last economic crisis in Spain represented a cataclysm for the real estate sector, especially for property developers. Thousands saw their businesses come to a standstill, which, together with large debts on their balance sheets, led to the bankruptcy of many.

Barely a decade later, and with the residential sector yet to recover its pre-crisis figures, the country’s large real estate companies are facing a new challenge due to Covid. “There is no doubt that 2020 has wrought havoc on the real estate sector. Proof of this is that the homes that were sold easily at the beginning of last year, could be difficult to shift by the end of this year; and vice versa. The coronavirus has changed our lives in every way, and the real estate sector has also had to adapt to the new needs of home buyers and sellers”, explain sources at Realia.

Read the full article in Spanish.

B-Exclusives

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.

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The plan is to build 25 single-family homes, 650 high-rise apartments and a hotel on the acquired land, which spans 240,000 square metres in total.