Spain Real Estate News
Spain ranks third as the preferred destination for global investors looking to relocate out of the UK and into other European countries, according to a new survey released on Tuesday by EY. The audit firm (formerly Ernst & Young) asked senior business executives representing firms with foreign investments in Europe about the impact of Brexit on their operations. And 14% of respondents said ...continue reading "Spain ranks third as Plan B for foreign investors fleeing Brexit"
The Cordish Companies, a US real estate developer and entertainment operator, is planning to invest at least €2.2 billion on a Madrid resort. The complex will create more than 56,000 jobs for the regional economy, the company claimed in a presentation. The project includes hotels, restaurants, stores, theaters, cinemas, gaming areas and even a circus.
The company has already presented the project to the regional government, which is controlled by the conservative Popular Party (PP).
...continue reading "US developer planning mega-resort outside Madrid"
The price of Spanish housing is growing at a much faster rate than the euro zone average, exceeding it for seven consecutive quarters. The latest data shows that the second quarter of 2016 
witnessed a 3.8 per cent increase, lower than Jan-Mar figures but still higher than the euro zone average of 2.9 per cent.
Both Spain and Ireland have seen strong increases in recent years, largely due to making up lost ground as they continue to rebound from the brink of disaster.
France and Italy have fared far worse, while Germany has also performed well.
The news comes as a Spanish real estate revealed its half year report showing that major cities and coastal hotspots are behind much of Spain’s recent price growth.
...continue reading "Spanish property prices keep growing"
Valdivieso Arquitectos transformed the site of a former water cistern in Alpedrete, Madrid province, into a sculptural masterpiece of a single-family home.
...continue reading "Single House Re-Using a Former Water Cistern by Valdivieso Arquitectos"
This stylish dwelling, located in Pozuelo de Alarcón (Madrid), was designed in 2014 by interior designer Marisa González-Llanos.
...continue reading "Interior Design: Residence in Madrid by Marisa González-Llanos"
The only residential complex in Europe to be given an LEED Platinum certificate, one of the most prestigious sustainable building certifications in the world, is in the Madrid dormitory town of Tres Cantos.
In June, the USGBCI (US Green Building Council Institute) awarded the cooperative of developers behind the project, Arroyo Bodonal, with the international diploma, recognizing its ecological credentials and ushering it into a club of 21 Spanish buildings with LEED certification, including properties owned by multinationals such as Zara, Repsol and Iberdrola, as well as several public buildings and universities.
Consisting of 80 resource-efficient apartments, Arroyo Bodonal was begun 13 years ago and is now inhabited by 225 people, mostly in the 33 to 43 age bracket, who have paid between €127,000 and €350,000 for a home there.
Modestly priced, the project has succeeded in exploding some of the myths surrounding sustainable construction, while reopening the debate over whether building green homes is a viable option in Spain.
...continue reading "Award-winning sustainable residential complex offers affordable, energy-efficient homes"
Eight years after Spain’s property market crashed, house sales continue to increase, with a three-year high registered in June as some 36,856 homes changed hands, up 19.5% from the same 
month in June 2015.
Building on the growth seen in April and May, sales for the first half of 2016 were the best since 2010.
However, growth is largely restricted to five major cities and their surrounding areas: Madrid, Barcelona, Alicante, Malaga and Valencia. Total sales for the first half of the year were 207,593.
Residential construction is partly driven by foreign investment, which is pouring into developments in Madrid and Barcelona; a jump in building permits points to more growth to come. Construction and real estate accounted for more than a third of the nearly €22 billion ($24 billion) of foreign investment in Spain in 2015, Economy Ministry data shows.
...continue reading "Spain’s housing market continues to show steady signs of recovery"
