Recently, in UTANDE Real Estate Consultants, we were on the cover of idealista with one of the great hotels that we market since 2022. It is a 4-star hotel on the road to Leganés, just 14 minutes from Puerta de Atocha. We know that, since 2018, the Gran Via in Madrid renewed its hotel offer and began to bet on luxury. By creating a greater commercial offer, the houses in the area have been revalued....
High rents, rising interest rates and tough mortgage lending conditions mark the outlook for the coming year. Inflation and rising mortgage rates are slowly taking their toll on families and sowing more uncertainty. So far we have learned that, the rise in interest rates since last summer has caused the Euribor to soar above 3%, loans for the purchase and sale of homes have increased in the third...
Different associations and agencies investigate to throw data, statistics, surveys... but in reality the only one that can show a more concrete scenario on this issue is the Ministry of Interior. "Fernando Grande-Marlaska's team has provided the latest consolidated squatting data (although they clarify that they do not discriminate between usurpation and trespassing) in which it can be seen how Madrid and...
We have just learned that 15% of rental applicants are already foreigners. According to the media 20 minutos, "The study of housing in Spain also includes foreigners who come looking for a new residence in our country, a supply and demand market that has certain particularities". A new report from the real estate portal Idealista explains that foreigners are looking less and less for an apartment to...
Following the tightening of the European Central Bank (ECB) with its monetary policy, the mortgage market has undergone a real revolution. The ECB has increased the price of money, setting it at 3% in February 2023, with the aim of curbing the rise in inflation in order to guarantee price stability. This is undoubtedly having a strong impact on the mortgage market. The market data show a boom in...
Low interest rates during the first half of the year and subsequent rises in the second half of the year boosted sales and purchases in 2022. The year is expected to close with more than 600,000 transactions expected nationwide, figures that have not been recorded since before the financial crisis of 2008. "The mortgage market is the consequence of the real estate market. If houses are sold, there will...
Home sales fall by 13% in February and mortgages by 24%. According to the Europapress news agency, "the sale and purchase of homes decreased in Spain by 13.1% last February in year-on-year rate and the granting of mortgage loans for the acquisition of housing decreased by 24.4%; data recorded by the General Council of Notaries". In Spain, February registered a 13.1% year-on-year decline, to 48,445...
According to the latest report published in the major real estate portals, used housing rises by 2% in the month of February 2023. We are talking about €1,960 per square meter and this translates into a clear increase over last year. After carrying out a study of the provinces with the highest sales prices, we recognize Murcia and Lleida as the two provinces most affected by this increase. Meanwhile,...
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