residential Market News: Spanish Real Estate Intelligence

In the last year, house prices have increased in only 7 of Madrid's 21 districts, according to the real estate big data platform Brainsre.

According to Tinsa's statistics, house prices in Spain's provincial capitals and other large cities have fallen by 3.4% in the last year, the largest drop for this segment since mid-2015.

Knight Frank's Prime Global Forecast Report for 2021 explains that this is due to the existence of low interest rates, pent-up demand, tax holidays and strong market fundamentals.

Oaktree closed the purchase of Solvia Desarrollos Inmobiliarios (SDIN) from Sabadell in September; the firm will now be called Culmia.

The Association of Real Estate Companies with Rental Assets (ASIPA) has rejected the Decree Law governing the suspension of evictions on the basis that it considers it an attack on owners.

The Socimi has acquired 50% of the company Valdemoro Living Developments, which is developing 688 rental homes in Madrid.

The supply has grown by 3% over the last year in the 11 Spanish provinces included in the study, except for in Barcelona, according to research by Alquiler Seguro.

The asset has been sold for 180,000 euros and has generated a capital gain of approximately 61,900 euros.

The building work, which has been awarded by Avantespacia Inmobiliaria, will include the construction of two towers comprising 100 homes.

This is the first development in a series of construction projects by Tectum to build a portfolio of 1,500 new homes in the Community of Madrid.