Lighthouse/ Spanish Institute of Analysts | Rental income (€17.4 million; up 13.6% against 9M24) maintained its growth rate for two reasons: (i) organic growth of 6.5%, mainly due to price updates, and (ii) growth of 7.1% due to the impact of last year’s purchase of a 150-unit building that was not consolidated in 9M24. At the consolidated level, Cevasa recorded revenues of €19.0 million (up 12.4% against 9M24). The recurring…
Alphavalue/ Divacons | Real estate investment in Spain reached €12.9 billion in September, 44% above the figure recorded in the same period last year, making it the third best historical record, behind only 2022 and 2018. This figure is above the European average, and the sector expects an even more intense end to the year in terms of investment. On the other hand, 37% of rental properties in Spain are…
For a year now, Catalonia has been a real estate laboratory. This Sunday marks 12 months since the Generalitat decided to adopt the Housing Law and declare “stressed areas” in 140 of its municipalities, later adding another 131. It was the first community to do so – the Basque Country joined later, and so far no one else has – and today 90% of the Catalan population lives in an…
Courts across Spain registered 1,782 judicial proceedings for the occupation of homes during the first nine months of the year, according to data released by the General Council of the Judiciary (CGPJ). In just the third quarter of 2024, there were 580 judicial complaints for home occupation, a 55% increase year-on-year compared to the 373 judicial complaints from the summer of 2023, confirming that the issues of legal insecurity affecting…
After 30 years of blockage, the definitive step has just been taken for the largest urban development in Spain and Europe to become a reality. Crea Madrid Nuevo Norte (CreaMNN, the project developer, participated by BBVA, Merlin, and Sanjose) and the public railway entities (Adif, Adif Alta Velocidad, Renfe Operadora, and Renfe Ingeniería y Mantenimiento) have formalized before a notary the transfer of the lands of the railway facilities in…
The price of rents has risen by 9% and reached highs in June, up to €12.65 per square meter, according to data from Fotocasa, which has specified that a home of 80 square meters already costs €1,012 per month. “For the first time in history, the price of rent now exceeds the tacit barrier of one thousand euros per month,” explains the director of studies and spokeswoman for Fotocasa, María…
The British asset manager Cinven will buy the Spanish real estate portal, in a transaction that values the company at €2.9 billion, making it the largest acquisition in the history of an online company closed in Spain. The price at which the transaction has been finally closed implies multiplying by 2.2 the valuation of Idealista when the Swedish fund EQT took control of the company in September 2020, for €1.3…
Link Securities | According to data from the General Council of Notaries, released on Thursday by Expansión, the number of home sales and purchases fell by 13.7% in March in year-on-year terms, to 56,559 units, while the granting of mortgage loans for the purchase of housing fell by 4.5%. By type of housing, sales of flats fell by 13.9% year-on-year to 43,761 units, while single-family homes fell by 13.2% to…
Link Securities| LandCo, the land development subsidiary of Banco Santander (SAN), has reached profitability three years ahead of its business plan, according to Expansión newspaper. LandCo manages 10,000 plots of land, after selling 4,000 assets since its creation in 2020. The real estate company expects to close land sales for more than €200 million this year. The firm’s land portfolio stands at €1.7 billion, compared to €2.1 billion originally. The…
BancaMarch| The sale and purchase of housing has fallen sharply in Spain. In July, housing sales stood at 48,303 units, a fall of -10.5% compared to the same month last year and which intensifies the drop in sales and purchases in the year to date to -5.3%. By type, 17% of the dwellings transferred by sale and purchase in July were new and 83% were used, with the number of…