THE Junta de Andalucía has begun the withdrawal of some 2,600 tourist flat licenses following a series of protests by locals in Spain. The regional government is making the move after carrying out a series of inspections to detect illegal holiday apartments last year. The campaign focused on the biggest tourism hotspots, including Sevilla, Malaga, Cadiz, Granada and Jerez. According to Diario de...
THE NUMBER of tourist accommodation in Spain fell by 7.2% in only 3 months between August and November 2024. According to the Spanish National Statistics Institute (INE), this equates to 28,588 lost, bringing the total to 368,295. This is the first time numbers have fallen since the start of 2023, though the volume of holiday accommodations is still the second highest on record. Despite the fall,...
This is according to the CEO of Ibercaja, Víctor Iglesias, regarding the rental problem in Spain. The CEO of Ibercaja, Víctor Iglesias, has stated that the rental problem in Spain "must be tackled" by increasing the supply of rental housing available, "rather than reducing or limiting the amount of rent". He considered that the proposal to mobilise 50,000 Sareb homes for rent to families and young people...
Learn how Spain's Luxury Property prices are developing and why you should invest now! Spain's Luxury Property prices are closed with an average of €1,921/m2 in 2022, with a year-on-year increase of 5%, according to the year-end report by idealista, the real estate marketplace in southern Europe. In the same period, the price of luxury homes, i.e. those on the market for over €1 m, ended the year with...
With the start of 2023, many real estate market agents agree that a change of cycle has begun in the market that is linked to the macroeconomic situation caused by the war, inflation and the rising cost of living and financing. In this context, Inviertis, a real estate investment technology platform, predicts that the future of the economy and the Spanish real estate market will be marked by one main...
USA, UK and Spain Where in the world are the wealthy buying homes? US, UK and Spain: Spain has become one of the top choices for high net worth individuals when it comes to buying homes abroad, behind only the United States and the United Kingdom, according to Knight Frank's The Wealth Report. So, where in the world are the wealthy buying homes? We have the details. Spain is closely followed by Australia...
Foreigners buying in Spain more than ever! Between January and June 2022, 328,208 home sales and purchases were recorded in Spain, levels not seen since 2008. In fact, the 163,909 sales recorded in the second quarter of this year alone are the second best result since the beginning of 2008, behind only the 164,299 recorded in the first quarter of 2022, according to the Real Estate Registry Statistics of...
Foreign Investments in Spain Foreign Investments in Spain have reached a total of 15.6 billion euros during the first half of the year 2022 (between January and June), which represents an increase of 53.4%, with the Community of Madrid being the region that leads in attracting funds from abroad, with 10,9 billion euros invested, 69.8% of the total. We have all the details of how foreign investment is...
Investment in Europe hits record highs - The real estate sector continues to be attractive to investors. So much so that it has reached an unprecedented level in history. According to a report published by the consultancy firm CBRE, the sector attracted record investment in Europe in 2021, reaching a volume of 359 billion euros. The figure is 25% higher than that recorded in 2020 and 8% higher than in...
Real estate investments in Spain - Housing transactions are set to move in a positive direction this year, according to the important players in the sector, although this does depend on various factors, such as the impact of the health situation (which is rising in urgency at the moment), inflation and the shortage of raw materials, which could lead to a rise in property prices. Given this scenario, what...
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