The Creation of Companies Collapses by 70% in April, with Construction Leading the Decline

Although 2,711 companies were created during the month, that figure represented a historical collapse, with Cataluña and Madrid leading the decline.

Although 2,711 companies were created in Spain during the month of April, that figure represented a historical collapse in the number of companies incorporated in a month, with Cataluña and Madrid leading the decreases.

The number is 70% lower than during the same month last year, and 67% lower than in March, according to the Study on Business Demography carried out by Informa D&B, Cesce’s subsidiary company.

Blackstone Creates Logistics Firm Mileway with €8 Billion in Assets

30 September 2019 – Blackstone has created Mileway; a company focused on last-mile logistics in the main European markets. The company is planning on gaining share in markets where it is already present and expanding its presence to other countries.

Mileway’s portfolio consists of roughly 1,000 logistic assets with a total of nine million square meters of surface area, valued at €8 billion. The logistics assets are in the United Kingdom, Germany, Spain, France, the Netherlands and the Nordic countries.

Blackstone has been acquiring last-mile logistics assets through piecemeal transactions and portfolio acquisitions, including its €1.3 billion acquisition of Hansteen.

Original Story:

Adaptation/Translation: Richard D. K. Turner

BidX1, the Online Property Marketplace, Arrives in Spain with a Disruptive Business Model

18 September 2019  

  • The firm, which was founded in 2011, has already sold more than 8,000 assets of varying types in an array of international markets
  • BidX1 has a local team with 17 professionals who have extensive experience in the real estate sector and the Spanish market in particular
  • The first digital sale will take place in Spain on October 16th, where 100 properties will be on sale, ranging from residential to commercial, along with industrial assets and land for development

BidX1, Digital Real Estate Marketplace, which specialises in online property sales and has an extensive track record in the Irish and British markets, is inaugurating its European expansion strategy, opening an office in Spain. The company, which was founded in 2011, had a turnover of €1.5 billion (April 2019), gained through the sale of more than 8,000 assets of different types. €800 million of that corresponds to fully online sales by way of its powerful digital platform in just two years.

In Spain, the first digital sale – Sales Day – which will be mainly be aimed at institutional and private investors, will take place on October 16th.  At the time, 100 properties in more than 25 provinces will be on offer. The catalogue is already available, with properties starting at 50,000 euros and ranging to land for development, offices and industrial complexes with prices starting at more than 3 million euros.

A new and revolutionary proposal

BidX1 has succeeded in revolutionising the market in Ireland and the United Kingdom thanks to a new and innovative vision of the property market, offering both the buyer and the seller the platform’s inherent advantages: transparency, accessibility and efficiency.

Transparency is the key to the entire process. Buyers have all the information regarding the property at all times, and during the Sales Day you can see, in real-time, any offers made by registered users. In addition, the seller has all the information related to anyone interested in their property, thus obtaining valuable market information.

Accessibility is another major factor making BidX1 such a disruptive platform since it allows users to easily access and offer properties from wherever they are in the world. So far, users of more than 173 different nationalities have accessed the platform, with buyers from 25 countries. More than 40% of them completed their transactions using a mobile device.

Also, technology and experience come together to offer a completely efficient process. The availability of the documentation, the development of the entire online process and the possibility of having knowledgeable professionals with extensive experience in the sector available to its users has led to the purchase term falling to just ten weeks in Ireland and the United Kingdom.

The first step in a European expansion

The company’s success has not been unnoticed. Last year, the private equity firm, Pollen Street Capital, made a strategic investment in BidX1 to support its international expansion, which is beginning with an expansion to South Africa, Spain and Cyprus in 2019 and will continue throughout 2020 in countries such as Portugal, Italy and Greece.

Johnny Horgan, BidX1s’Managing Director for Europe, states that “it is a source of pride for us to continue BidX1’s international expansion in Spain. It is a mature market with significant potential, where we want to change how properties are bought and sold, betting on transparency throughout the entire process. Therefore, we are offering a disruptive platform that has been incredibly successful and very well received in Ireland, the United Kingdom and South Africa.”

Javier de Pablo, the Head of Property for BidX1 Spain, says that “the Spanish market is one of the most attractive in Europe, with a large volume of properties that, thanks to our Marketplace, we can offer in a transparent, simple and efficient way, both to Spanish and international buyers. ”

About BidX1

BidX1 is a Digital Real Estate Marketplace that focuses on the use of technology to improve the market for property sales. The company has developed a customised platform that allows user to buy or sell properties online from anywhere in the world, on any device, safely and efficiently.

The firm has had revenues of more than 800 million euros in just two years with the fully online sale of more than 4,000 assets of different types, from apartments to real estate portfolios, in multiple international markets through its advanced digital platform.

For further information please contact:


Julio Aragón: / 671 12 82 13


Laura Llauradó: / 91 7027170 or +34 658 12 76 40

Eva Tuñas: / 91 7027170

Reyes Pablo-Romero: / 91 7027170


Adaptation/Translation: Richard D. K. Turner

The Price of New Housing Rose 12.7%


15 August 2017

New construction is starting to reappear. The price of new free-market housing recently increased by 12.7% in the twelve months to June, according to data released yesterday by the General Council of Notaries. While the average price per square meter was 1,816 euros in June 2016, in the same month this year the price was up to €2,047. The average cost per square meter of second-use homes stood at 1,478 euros, 0.8% more year-on-year. This caused the increase in the combined index of free-market residential properties to be limited to 1.9%.

In terms of average costs, the square meter of homes purchased in June cost 1,358 euros, according to the report, reflecting an increase of 1.4% year-on-year. This increase in the cost per square meter of housing is due exclusively to the increase in the price per square meter of flats, as the square meter of single-family homes fell by 0.1% year-on-year.

The purchase and sale of housing stood at 51,477 transactions in June, representing a year-on-year increase of 17.4% (16.8% in the seasonally adjusted series).

The sale of flats showed a year-on-year increase of 18.1% (17.1% in the seasonally adjusted series), due both to the expansion of sales of second-use flats (19%) and an increase in the sale of new flats (10.8% year-on-year). The sale of single-family homes showed a 14.8% year-on-year increase.

Finally, in June, there were 12,176 transactions of other types of real estate, an increase of 21.4% year-on-year, of which 41.2% corresponded to land or plots of land. The average price per square meter of these transactions stood at 207 euros (13.6% year-on-year).

Mortgage loans for the purchase of real estate increased by 12.2% year-on-year to June (25,016 mortgages). The General Council of Notaries explained that the total increase in mortgages can be divided into an increase in loans granted for the purchase of a home (12.9% year-on-year) and the increase in mortgages for the acquisition of other types of real estate (3.4% year-on-year).

The size of the average mortgage granted for the acquisition of real estate, in June, reached 135,234 euros, a decrease of 6.9% compared to the same period of 2016.

Creation of new companies

On the other hand, there were 8,720 new companies incorporated in June, a year-on-year decrease of 18% (-18.8% in the seasonally adjusted series).

The average share capital of companies incorporated in June stood at 18,837 euros, which represents a year-on-year increase of 15.6%, according to statistics from the General Council of Notaries.

Original Story: Expansión Pro-OrbytJ. M. Lamet

Translation: Richard Turner

11% More RE Companies Were Created In 2014

8 July 2015 – El Economista

10.9% more companies were created in the Spanish RE sector in 2014 compared with 2013, according to data published by Specifically, the sector accounted for 3% of all new companies, with total subscribed capital of more than €1,200 million.

At the company level, subscribed capital amounted to €453,000 on average, an amount that was only exceeded by companies in the energy sector.

In this context, Madrid led the ranking with the incorporation of 1,428 companies in 2014, accounting for 21.5% of all new companies in the sector. It was followed by Barcelona, with 868 new companies (13.1%), then Málaga, with 619 (9.3%), Alicante, with 409 (6.2%) and Valencia, with 351 (5.3%).

Increase of 23% since 2011

5,354 new companies were registered in the real estate sector in 2011, but that number had increased to 6,634 by 2014. The figures represent an increase of 23.9% during the period.

In total, 26 Spanish provinces have experienced an increase in the number of companies dedicated to real estate activities between 2011 and 2014.

The new companies in the real estate sector in Spain include private limited companies, which experienced a 24.3% increase between 2011 and 2014; and public limited companies, which increased by 15.5%.

Nevertheless, the figures for 2014 still fall a long way below the levels seen during the years before the crisis – more than 100,000 new companies were registered in the sector in 2008. Thus, from those maximum levels, Madrid has experienced a decrease of 40.7%, followed by Málaga (28.9%) and Alicante (19.6%).

Original story: El Economista

Translation: Carmel Drake