real estate sector

barcelona investment

Catalonia loses 26% of rental supply -40,000 apartments- and prices continue to rise in first year of application of new law limiting rent rises to CPI

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…


Barcelona housing

Judicial complaints for squatting soar by 55%

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…


MadridNuevoNorte

New Madrid neighborhood gets go-ahead: Madrid Nuevo Norte, largest urban development in Europe

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…


madrid rental market

Spain: Rents rise by 9% and exceed barrier of €1,000 per month for first time, according to Fotocasa

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…


Rising house prices is a common phenomenon in many countries

Cinven buys real estate portal Idealista for €2.9 billion

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…


property market

Home sales down 13.7% in March; average price per square metre rises by 4.2%

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…


landco santander gestion suelo

Banco Santander’s land development subsidiary LandCo reaches profitability target three years ahead of schedule

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…


Rising house prices is a common phenomenon in many countries

House sales and purchases fall sharply in Spain: transactions down by -10.5% vs. July 2022

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…


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Property prices in Spain increase by +7.9% in the first eight months of the year but fall -0.2% month-on-month

Alphavalue/DIVACONS| The price of housing increased by +7.9% in the first eight months of the year and by -0.2% between July and August, placing the price at €2,145/square metre, according to data from the Fotocasa Real Estate Index. This last monthly value (-0.2%) is the first fall detected in the last two years (since January 2022) and the price rise in the first eight months is the most moderate in…


grupo lar recurso 948

Grupo Lar’s Vivia rental platform has 1,740 units of 5,000 estimated target portfolio

Link Securities| Vivia, one of the rental platforms that is expected to grow in the country in the coming years, already has 1,740 units in its portfolio projects, according to company sources, the newspaper Cinco Días reports today. Grupo Lar, together with the Primonial fund, launched this initiative in 2021 in which they intend to add 5,000 homes with an investment of €1 billion. When it is up and running,…