Selection of relevant news about the real estate sector in Spain
This press clipping is aimed to provide a quick and complete picture of the relevant news being released by the media about the Spanish real estate market.
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Homes sale went up 5.8% in March and prices increased 2%
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The traditional homebuyer is back
Sales will grow between 10% and 12% this year and 26% increase in mortgage granting.
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Lack of new apartments and land in Madrid downtown
The recovery of the real estate market has come up against two problems: lack of land and undefined urban policies by Madrid Town Hall.
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Foreigners are buying more houses in Spain as never before
International investors purchased near 48,000 homes, which entails an increment of more than 13% and also more than 13% of all sales operations.
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The first 3-month period of the year 2016 reached the number of 99,113 property sale operations, this being the best result since 2011 and a 9.2% increment compared to the same period last year, as informed by INE.
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Real estate investment in medium-size commercial surfaces reaches its historic record
According to Savills, the investment volume at this time of the year exceeds the figures reached in the same period in 2015
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Homes exceed 4 times the profitability of the safest investment products
The real estate investment in Spain, in any of the products under analysis, still offers profitability rates four times the 10-year state bonds in the worst case scenario.
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Construction permits keep on rising strongly in February: 34.8% increase
Permits for new construction works increased 34.8% in February, compared to the previous year, reaching a total number of 5.663 authorizations, the best figure since October 2011, as informed by the Ministry of Public Works.
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Forecast 2016: demand of 440.000 apartments and over 20 billion transactions
Experts on real estate from KPMG, Deloitte, N+1 and PwC estimate that this year Spain will record about 440.000 sales of housing units which would entail an increase between 10% and 12%, as well as a volume of transactions of more than 20 billion euros, higher than the 18 billion euros reached last year.
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The four reasons to invest in the real estate market (Bolsamanía)
Rising prices, cheap credit, minimum return on deposits, increase in rental demand.
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Rental price reaches its peak in the last 9 years – Fotocasa.es Blog
The average home rental price in Spain went up 3.1% in the first 3-month period of the year and its price, as of March 2016, is set at 7.24 €/sq. m per month, according to the most recent information provided by the Real Estate Index (fotocasa).
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Sales of homes went up 15.8% in February, its peak in three years – Fotocasa.es Blog
The sales of homes increased 15.8% in February, compared to the same month in 2015, reaching a number of 34.771 operations, its highest figure in three years, according to data provided by the National Statistics Institute (INE).
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The price of apartments is no longer going down in Madrid area
Homes value is increasing in all districts of the city except for Hortaleza, where they are maintained in balance (0%).
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CBRE estimates an allocation of 1 billion to real estate in Spain this year
The real estate sector in Spain is still getting the attention of investors. The most recent example is CBRE Global Investors which estimates to multiply this year the investments made in 2015
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The prime average rent of offices in Madrid achieves its highest figure since 2011
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The real estate investment increases 20% in Spain between January and March
The real estate investment in Spain went up 20% in the first 3-month period of the year compared to the same period in 2015, closing approximately 40 operations totaling 2.4 billion euros, as informed by Cushman & Wakefield on Thursday.
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The land is on fire, sales rise 40% and prices 11%. Housing News
Until a couple of years ago, the brick was considered the most toxic asset, and now it has become again one of the products most desired by investors.
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Sareb estimates that homes construction will be more than twice this year
The Company for the Management of Assets Proceeding from the Restructuring of the Banking System believes that a number between 100,000 and 175,000 homes will be started.
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The property investment (retail sector) reaches 2.4 million and breaks its record
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