residential Market News: Spanish Real Estate Intelligence

Evictions are currently prohibited until 31 January and the Executive is considering changing the rules to prolong the extraordinary measures.

In an interview with Brainsre.news, the CEO of Sierra Blanca Estates, Carlos Rodríguez, explains that his company is building the EPIC Marbella development and one of the Málaga Towers, on which it will spend 250 million euros.

However, only 11% of Spaniards would complete an entire home purchase online, according to a study prepared by the property developer owned by Värde Partners.

Large property owners currently manage 7% of the total rental market but OESA expects that figure to increase to 20% by the end of 2022.

Ribera Calderón, also known as the Mahou-Calderón operation, has been given the green light for Gestilar, Azora, Ibosa, Pryconsa and Vivenio to build 1,433 homes for sale and rent, with record prices in the area.

The Quarterly Report on the Real Estate Market in Cataluña commissioned by estate agents reveals that 15,168 homes were sold in the region between July and September.

This amount will be allocated to the purchase of two residential portfolios from Sareb and the Social Security and the acquisition of land in the district of Villa de Vallecas to build a new development.

Requests for information about luxury homes in both areas of the Pyrenees increased by up to 40% during lockdown, according to Engel & Völkers.

Foreigners bought 32,395 homes in Spain during the first half of this year, which represented 17.3% of all sales and a 37.4% decline in interannual terms.

The executives plan to turn Domo into a real estate firm dedicated to rental assets with a market capitalisation of 200 million euros, compared to its current value of 24.5 million euros.