residential Market News: Spanish Real Estate Intelligence

The temporary expropriation of 56 homes owned by banks and corporates will cost the Government 40% less than their market prices.

The text, which puts the coalition partners head to head, has been prepared by the Vice Presidency of Pablo Iglesias and presented to the Council of Ministers.

Compared to January, house prices fell by 0.7% in the provincial capitals and large cities and by 0.4% in general, according to Tinsa.

The company that manages assets proceeding from the bank restructuring is accelerating its plan to divest land from its balance sheet in an operation that it expects will generate 174 million euros.

Madrid City Council is planning to invest 195 million euros in housing during 2021, as revealed by the Housing Manager in an interview on brainsre.podcast.

The average ticket for new build homes continues to exceed and stand out compared to that for second-hand homes, something that has not happened since Q319, according to data from the Brains Re platform.

The German giant has been granted a credit line for 56 million euros to buy Amazon's logistics centre in Alcalá de Henares and a residential building in Barcelona.

In 2020, the price of housing increased by 1.9% in Spain and this year, growth of 0.5% is forecast. Meanwhile, sales, which fell by 26.8% last year, are expected to increase by 12.8% in 2021.

In 2020, buyers paid 8.4% less for a parking space in Spain than they did in 2019, according to the real estate portal.

The property developer has just acquired this land, which spans 4,800 m2, on which to build 109 homes, in which it will invest 42 million euros.