Post by account_disabled on Feb 21, 2024 20:46:33 GMT -8
A report from an international real estate agency concludes that they are no longer betting on any type of property: they now focus on promotions of modern and quality construction Real estate investors paralyze operations in Madrid The real estate business and renewables are sold at bargain prices due to Podemos's risk ACS, Ferrovial, OHL and Sacyr will create 60,000 jobs in construction Chinese investors, especially, seduced by the lifestyle of Spain, are now embarking on the purchase of new homes. They are on their way to becoming the engine for the country's real estate recovery. Prices are also recovering pre-crisis levels in Madrid, Barcelona, Valencia, Ibiza and Marbella. “In the period between there was a lot of uncertainty about the market and this caused many to postpone their plans. In the last two years, thanks to growing confidence in the recovery of the Spanish economy, we have observed a reactivation of the market with price adjustments at a global level . Spain maintains the same charm as always and we have observed a huge boom in what we call 'lifestyle investors' . They want to make a safe real estate investment but choose Spain for the quality of life it offers.
This is an essential trend in the current market recovery , which we believe offers unique conditions.” This is how a renowned expert in the real estate sector, Alexander Vaughan , co-founder of Lucas Fox, expresses himself. This international real estate agency was founded in Barcelona by Alexander Vaughan and Stijn Teeuwen in . The company has grown, becoming the leading independent real estate agency in Spain , with around 100 employees in key cities and sought-after holiday destinations. To celebrate the Denmark Mobile Number List company's tenth anniversary, Lucas Fox has published a Spanish real estate report for the last 10 years , to which El Confidencial Digital has had access, which illustrates the changes that the market has experienced since , with the peak of prices in 2007 and the subsequent market decline until mid-2013, balancing throughout 2014 and currently recovering again with a greater emphasis on quality properties and a long-term vision in investment and lifestyle. Interest in new construction It concludes that, since mid-, the number of transactions has increased continuously, indicating greater confidence in the market and more recognition by buyers that prices are at their best .
But there is still a long way to go before sales return to near 2007 levels, in part due to a shortage of quality product . “We are now beginning to see a greater number of high-quality new construction properties and developments entering the market ,” explains Alexander Vaughan. “The new generation of developers are a mix of the best local builders that have survived the last 7 years and international developers. Both have institutional financing and do not depend on banks. New construction attracts everyone, both local and international buyers; basically anyone who wants a modern, newly built house ,” he adds. Price recovery In most Spanish real estate markets, the peak of prices occurred in ; they remained in more resilient locations such as the Costa Brava and Sitges , where they peaked in mid-2008. exp-player-logo What saints are celebrated today, List complete saints list Prices fell by up to 40% in most areas but less significant drops were seen in the lifestyle markets of Ibiza and the most sought-after areas of Marbella. In Ibiza , properties currently have an average sales price equivalent to that of 2008 : in the first quarter of , an average price of €3,010/m2 (only €31 less than in 2008).