All Market News: Spanish Real Estate Intelligence

The average price of new homes in the Retiro district registered an increase of 2.8% in 2020; whilst Salamanca was the most expensive area at the end of year (€6,105/m2).

In total, property developers and cooperatives are planning to complete 71,825 new-build homes during 2021, spread over 3,342 developments, according to Brainsre, of which almost 15,000 will be located in Madrid.

Apple Leisure Group (ALG) is continuing to grow in the Spanish market whilst also looking for opportunities along the coast and in Greece.

The Canarian Housing Institute is going to invest 31 million euros in the acquisition of homes throughout the archipelago whilst it puts in place a rehabilitation plan.

The change in trend, according to the General Council of the Official Associations of Real Estate Agents, is due to a change in social mentality initiated by young people.

Overall, the year ended with a total of 91.6 million hotel stays, which represented a 73.3% drop compared to 2019; meanwhile prices contracted by 6%.

The moratoriums on mortgages and consumer loans are expected to be extended next week.

The company is planning to sell four hotels located in the municipality of Calviá containing 1,056 rooms in total. All of the properties are currently closed due to the impact of the pandemic.

The German fund manager has launched the first phase of the residential development, whose plans include 400 social housing properties.

The Covid-19 pandemic has led the authorities to impose restrictive measures on the population that have had an impact on the real estate sector.