Selection of relevant news on real estate in Spain
We are pleased to give you information about news on real estate investments published in the Spanish media. We hope you find it interesting. We can help you analyze how this information can generate opportunities for your next investment.
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How will housing evolve until December? Does BBVA believe that sales and prices will go up?
The housing market will face a positive second half of the year, as informed by BBVA Research analysts. However, they warn that the demand of housing units will grow at a percentage lower than that between January and June because of the moderation in economic activities and political uncertainty. The financial entity estimates that homes prices will continue to rise.
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Investment in property is flying high and it´s on track to 1,500 daily mortgages
All indicators encourage the recovery of the sector: GDP reaches 3.2% annual growth, interest rates are maintained at historically low levels and banks have started to ease requirements for lending money.
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This is how homes prices have been evolving in Spain and in other European countries since 2005
In the first quarter of the year, home prices in Spain went up 6.3% on a year-on-year basis, which represents the highest increment since the third quarter of 2007
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Office operations in Madrid increased even in the absence of mega projects
Office operations reached a number of 130,000 sq. m. during the second semester of 2016, 27% higher than the same period in 2015.
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The demand for prime stores is increasing in high streets and shopping centers
The second quarter of the year still shows a strong demand for prime stores and shopping centers both in Madrid and Barcelona.
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Home prices in certain areas have sunk and they are more affordable, mortgage funding has been accelerated and unemployment has strongly decreased. The year-on-year increment in home sales was between 25% and 27% in 2015 and a 20% increment is expected for 2016.
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The key elements of the new real estate sector in Spain
The international interest in the Spanish real estate activity has been enhanced due to a better perception of the country in the last years, and also because of the stability in property prices, which even though they have not recovered the growth rate achieved in the bubble years, it seems that, on a general basis, they have stopped falling.
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Approvals for home construction works, at their maximum level
The approvals requested for the construction of homes reached 42% during the first 4-month period of the year, thus totaling 21,577 approvals, which also represents the highest number for this period in the last five years.
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Rental price records its highest increase since 2007
The rental price in Spain has increased 2.4% during the second 3-month period of the year, so the price in June 2016 is 7.41€/m2 per month.
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Málaga will need 10,600 new housing units until 2025 to meet the demand
Some research conducted by CBRE indicates that this province is the second zone in Spain, after Madrid, which will potentially need more housing units during that period of time, due to the evolution of households and growth in residential tourism
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The eight key elements to know how the Spanish real estate market will end the year
Price, Sale, Mortgages, Approvals, Stock, Profitability, Rental, Land. The information provided by the “Real Estate Pulse Meter” that will be released by the Instituto de Práctica Empresarial (IPE) in September, anticipates positive figures in the main indicators of the sector for the year 2016
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47% of Spaniards estimate a change of home in the mid-term
The recovery of the real estate market is being consolidated not only because of the number of sales or construction of housing units but also due to the good perspectives indicated by experts.
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The price of housing units in Spain has experienced a 6.3% increase on a year-on-year basis in the first 3-month period of the year, which represents the highest increase since the 3rd quarter of 2007
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Funds reactivate residential promotion
After several years of absence, cranes are again part of the landscape in Spain. They were brought by the largest international funds
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Increase of fixed mortgages in 2016: operations reach 115% by April
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Sales of housing units record its highest value in three years
Used houses transactions increase 26.7%, twice the amount of brand new homes (+12%). Sales of housing units went up 23.6% in May, compared to the same month in 2015.
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The price of brand new homes goes up 4% in Madrid and Barcelona due to lack of stock
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