residential Market News: Spanish Real Estate Intelligence

The measure will remain in force for three more months after the state of alarm expires on Sunday, May 9, the initial date planned for the protections to expire.

In April, rental demand for business accommodations grew by 26% in Madrid, 46% in Barcelona and 27% in Valencia.

The project includes more than 22,000 dwellings, of which around 4,300 will be social housing (3,800 to be developed by the municipality).

During the first quarter of this year, the developer, in which Bain Capital has a stake, has completed 400 pre-sales of homes.

The developer is continuing its development of a large amount of land it purchased in the Poniente sector, with a project for two towers and 280 homes.

The manager of the socimi of the same name raised 200 million euros through two funds to invest in hotels and rental housing in Madrid and Barcelona, which Rafael Bou, formerly of PwC, will lead.

The listed company sold 617 homes to private individuals and 943 homes in build-to-rent projects.

The big data platform Brainsre has conducted a study to determine the leading real estate brokerage firms that dominate the supply of housing for sale and rent in Madrid and its neighbourhoods.

Spain’s capital of Madrid is home to the country’s entire supply of new developments with homes costing more than 5 million euros for sale, 60% of which are purchased by Latin Americans.

The listed developer plans to deliver more than 1,300 homes this year, sell more than €50 million of land, generate more than 100 million euros of cash and pay a dividend of more than €80 million.