In 2019 the Spanish real estate market behaviour is expected to be on pair with the activity registered in 2018. Investment volume will remain high, after having broken records in 2018 with more than 20.000 million euro invested, 56% more than in 2017. At least this is what can be expected based on the Real estate outlook for 2019 carried out by CBRE and presented at Tendencias Inmobiliarias, annual...
Spain is among the top 20 countries in the world in terms of real estate transparency, according to biennial survey Global Real Estate Transparency Index 2018 (GRETI) carried out by real estate consultant JLL. Spain climbs three places over the 2016 edition, being now 19th. The report also analyses real estate transparency by cities and Barcelona and Madrid are placed at number 28 and 29 respectively...
In the second quarter of 2018 160.287 houses were sold in Spain, according to the results from the statistical analysis of housing real estate transactions before a notary which are issued by the Ministry of Development. To find a quarter with more transactions, one would have to go back to the year 2007, when more than 227.562 houses were sold. The data represents an increase of 11,5% over the...
The progressive recovery in the second home market in Spain has translated in an acceleration of prices in enclaves of Costa del Sol, the Balearic and Canary Islands. A positive trend change begins in locations where national demand is predominant, such as Huelva, Granada, Tarragona, Manga del Mar Menor, Almeria or south of Pontevedra. The report Housing in Costa 2018 of Tinsa shows that the...
57% of the British who buy houses in Spain do so to acquire a second house. Thus, the second house market is confirmed as the engine of the British real estate market in Spain. 25% of purchases are due to a change of address, another 8% are carried out as an investment and the remaining 10% are due to other reasons. This is one of the main conclusions of the round table moderated by Mercedes...
The house price in Spain will continue to rise throughout 2018 until reach increases of around 6%, and in cities such as Madrid, Valencia, Malaga or the Balearic Islands the increases could be up to 10%. This is one of the conclusions of the report "Residential Market in Spain" prepared by CBRE. The study also reflects that, although at a national level the intensity of growth is still moderate...
Santander and Blackstone decided to inject a total of €300 million into Project Quasar Investment, the company co-created (49% / 51%) in March to receive 30 billion in assets transferred by Banco Popular. According to El Economista, the establishment of this company was necessary to close this sale transaction of Popular assets. In addition to the purchase of most of the Bank's assets, Blackstone...
Castellana Properties, a Spanish socimi dedicated to the acquisition, management and renewal of real estate assets in the retail sector, has closed the acquisition of Habaneras Shopping Center, located in Orihuela Costa (Alicante), for the value of €80.6 million. Previously owned by Heref Habaneras socimi, a company listed on MAB, the Habaneras Shopping Center has a commercial area for lease of...
The weak pound may have put some buyers off from buying in Spain but for others it has meant they have just taken a Spanish mortgage or a higher LTV than they were originally planning to. With house prices continuing to rise with many buyers from countries like Belgium, Sweden and Norway and investors from China and the middle east, there is no point waiting for the pound to get stronger again. With...
Las Colinas Golf & Country Club has won Spain’s Leading Villa Resort award for the second year running, at the World Travel Awards ™ ceremony held last Sunday, 4th September in Sardinia. The value and importance of this accolade is immeasurable, especially taking into account that the World Travel Awards are considered to be the Oscars of the tourist industry by top newspapers like The Wall...