residential Market News: Spanish Real Estate Intelligence

1,393 homes are planned for La Solana; 4,500 for the first phase of Berrocales, with more than 22,000 forecast by 2034; and 10,500 in Campamento, with a significant percentage of protected homes in each location.

The candidates for the public tender are a consortium between Cevasa and Neinor; the Intertrust group; a company specialising in VPO homes, Visoren; and a company led by the Catalan construction company Rubau.

The public company currently has 3,100 homes under construction, of which 930 will be completed this year and 375 next year.

Almagro Capital has launched its fourth capital increase, amounting to 16 million euros, to continue its growth with a view to purchasing more properties for their subsequent rental.

The real estate firm has announced that Aldi will open a supermarket in the multi-home residential rental complex.

The approval of the partial plan for the Solana de Valdebebas area, which will be submitted to the plenary session next week, will allow the development of 1,393 homes to the west of Encinar de los Reyes.

After several years on the backburner, the urban project to develop Carabanchel's former prison, where 600 houses will be built, is going ahead. The land has a surface area of more than 170,000 square metres.

The coronavirus has made buyers look for other features in a home. Several new developments are introducing changes to their designs, such as, including spaces for home working.

The price of luxury housing in the Catalan capital will fall by between 20% and 30% in the coming months. The real estate company Barnes Barcelona has already closed some operations with a discount of up to 15%.

Through this strategic operation, the property developer has created the only residential platform in Spain that offers the full spectrum of rental services (from the purchase of land to the promotion and management of assets).