All Market News: Spanish Real Estate Intelligence

The share prices of both property developers have registered significant increases following the announcement of Neinor's purchase of Quabit, which has seen rises of 12%.

Intu Eurofund Valencia has had to cover an equity hole amounting to more than 11 million euros, while it continues to seek a partner to take over the British firm's stake.

The metropolitan areas registered a 2.8% decrease in house prices in December, whilst the archipelagos and inland municipalities saw increases.

All the properties have been acquired using the company's cash, with the exception of one located on Avenida de Alberto Alcocer. And the sellers have remained in the homes as tenants in all cases.

Inversiones Marylanza, the property developer owned by Agustín and Jorge Marichal, is going to build a complex called 'Tenerife Blue Village' with an investment of approximately 60 million euros.

The company will distribute a gross dividend of 1.79 euros per share, which will result in a total payment of 19 million euros. Likewise, it has approved an issue premium of 2.26 euros per share.

Freecap Investment, the company owned by the Gut Revoredo family, has KPMG as its auditor, BNP Paribas as its custodian, and Quadriga Asset Managers, as its manager.

The Galician entity has sold the North American fund a 250 million euro portfolio of mortgages affected by the crisis, in a process known as Project Eume.

Besides a construction company, the acquisition of Quabit for 62 million euros will also provide Neinor with 7,000 potential new homes, half a million m2 of land and more than 200,000 m2 of land already under construction.

The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.