3 bedrooms, 2 bathrooms, Area Lot 950m2, Built area 155m2, Area useful 130m2, Swimming-pool, Seaside Resort, In Urban Area, Calahonda (Mijas, Málaga)
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Year: 2014
All I Own House: Multifunctional Space in Madrid Apartment
Moveable library-style shelving units slide from side to side to reveal and hide compartments that serve various functions in this Spanish apartment by Madrid-based PKMN Architectures.
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Good days for the Spanish property market
With property prices in Spain that have fallen significantly since the global financial crisis, many investors are seeing now as the perfect time to put their funds into Spain’s housing market.
Spanish real estate and construction accounted for around 18 per cent of Spain’s GDP in 2007, with a market capitalisation of more than €30 billion. It is now about a tenth of that, with the result that economists and investors alike are looking at Spain as being one of the last bastions of good value property in Europe.
The National Statistics Institute has confirmed that home sales are rising, up 8.8 per cent in June 2014 compared with a year earlier, while Spain´s society of notaries has reported that foreign buyers favour coastal areas. The breakdown of foreign buyers included 15 per cent Brits, 10 perr cent French, 9 per cent Russians and 7 per cent Belgians, according to the data.
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