Tag: E&V

El Cabanyal Monopolises Foreign Investors’ Purchases in Valencia

28 March 2019 – Valencia Plaza

According to a report published by the German real estate firm Engel & Völkers, the neighbourhood of El Cabanyal was where the most operations were closed by foreign investors in Valencia last year.

The price per square metre in the neighbourhood soared as a result and now amounts to around €3,000/m2-€3,100/m2. In many cases, the purchased properties have been renovated for rental by tourists, given that the  VUT limitations imposed on other areas of the city do not apply in El Cabanyal.

Original story: Valencia Plaza (by Estefanía Pastor)

Translation/Summary: Carmel Drake

E&V: The Costa del Sol Enjoys a New RE Boom

12 March 2019 – Europa Press

According to a report about the real estate market for 2018-2019 compiled by Engel & Völkers (E&V), demand is growing along the Costa del Sol from domestic and international investors alike.

The improvement in the economy, better financing conditions, high rental yields and the reactivation of new construction projects all confirm that there is a boom underway on the Andalucían coast once again.

The real estate agency forecasts a moderate increase in prices and transaction volumes of around 7%-10% during 2019. Málaga is the driving force, thanks to its cultural offering and robust infrastructure, but new build projects have resumed all along the coast in recent years.

In this climate, in 2018, 60% of operations were closed by foreigners looking for second homes, with average prices of €3,000/m2 in Málaga capital and maximum prices of €8,000/m2 in the city centre.

Marbella has also re-emerged as an investment destination after years of paralysis, where overseas buyers account for 80% of all purchases. There, clients seek modern villas equipped with the latest technology, which have views of the sea or are located close to a golf course.

Original story: Europa Press  

Translation/Summary: Carmel Drake