residential Market News: Spanish Real Estate Intelligence
- Culmia Closed 2022 With Revenues of €300 Million & Forecasts 1,400 New Homes for 2023by Carmel Drake on March 6, 2023 at 4:16 pm
The new build property developer Culmia currently owns a portfolio of assets for the development of 11,000 homes in Spain.
- The Valuations of Assets in the Logistics, Living, Commercial & Office Sectors Fell in 2022by Carmel Drake on March 6, 2023 at 4:12 pm
"The correction in asset valuations was especially pronounced during the second half of the year," according to Fernando Fuente, from CBRE.
- House Sales Will Decrease by Around 10% in 2023by Carmel Drake on March 3, 2023 at 9:48 am
The rise in interest rates and reduction in purchasing power may cause a shift in demand towards the rental market, according to Gesvalt.
- Vía Célere Closed 2022 With an EBITDA of €112 Millionby Carmel Drake on March 2, 2023 at 8:37 am
Vía Célere is continuing with its growth plan and, in this vein, increased its profit by 10% YoY in 2022 to 68 million euros.
- Diglo Sells 120 Properties in Pamplona & Segovia for €29.7 Millionby Carmel Drake on March 2, 2023 at 8:27 am
The servicer Diglo owns a portfolio of assets under management worth more than 5 billion euros divided between problem assets and real estate.
- Metrovacesa Recorded a Loss of €23.5 Million in 2022 Due to a Fall in the Valuation of its Tertiary Asset Portfolioby Carmel Drake on March 1, 2023 at 2:54 pm
The property developer Metrovacesa generated revenues of 519.2 million euros last year, up by 1.7% in YoY terms.
- Metrovacesa Invests €24 Million in its New Project in Almeríaby Carmel Drake on March 1, 2023 at 1:40 pm
Metrovacesa is thereby reinforcing its presence in Almerimar, where it already has two large projects, and establishing itself as a new-build housing developer in Almería.
- Grupo Fogesa & Único Homes Invest €12.5 Million in Land in Móstolesby Carmel Drake on March 1, 2023 at 9:54 am
The plan is to build a development comprising 31 single-family homes on the acquired plot, which spans 4,700 square metres.
- Residential Mortgages Rose by 10.9% in 2022 to Record Their Best Year Since 2010by Carmel Drake on February 27, 2023 at 2:50 pm
More than 463,600 mortgages were signed in 2022, exceeding the historical data recorded in 2021 to register the best year in the market since 2010.
- Neinor Launches an Offer to Partially Repurchase Up To €100 Million of its Green Bondsby Carmel Drake on February 27, 2023 at 2:42 pm
In 2022, Neinor Homes registered an adjusted net profit of 100.9 million euros, which represents an 8% decrease compared to 2021.