housing

We know that the price of housing in the Balearic Islands and the Canary Islands is skyrocketing because neither the British nor the Germans can afford it.

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The price of housing in highly stressed tourist areas, such as the Balearic Islands and the Canary Islands, has reached levels so high that neither the British nor the Germans, traditionally the most active foreign buyers and wealthy people on the islands, can afford to continue acquiring properties at the rate of previous years. As and how they collected in Express this trend well supported by the latest data of the General Council of Notaries, in which a very relevant change can be seen in the Spanish real estate market, especially on the islands, where international demand has always been noted as part of the problem. Fewer houses are sold. According to the log data Notaries, during the first half of 2025, the Balearic and Canary Islands have experienced a real turnaround in the home buying and selling market. The percentage of home sales by foreigners fell by 7.7% in the Canary Islands and 6.8% in the Balearic Islands during the first half of 2025. In the same period, only two territories showed a behavior similar to the islands: Valencia, which fell by 3.6% and Navarra, which reduced the number of purchase and sale operations with foreigners by 3.7%. The reason: too expensive housing. It is enough to continue reviewing the data provided by the College of Notaries to find one of the reasons that could have caused this. drop in trading volume: prices have skyrocketed. The figures show how the traditional appeal for British and German buyers is declining. The data reveal that the average price paid by foreigners in purchase and sale operations in Spain as a whole was 2,417 euros per square meter, which represents an increase of 7.6% compared to the price in 2024. Non-resident foreigners continue to pay higher amounts for their homes (€3,126/m2) than resident foreigners (€1,912/m2) and nationals (1,809 €/m2). In the Canary Islands the average price rose by 14.1%, far exceeding the national average, while in the Balearic Islands the average increase was up to 9% compared to 2024. Source: General Council of Notaries Foreigners continue buying in Spain. The data indicate that the volume of foreign sales operations in Spain has not decreased in the territory as a whole, where the total number of homes bought by foreigners increased 2% compared to last year, reaching 71,155 operations. This variation in the volume of operations on the islands, together with the increase in their price, leads us to suspect that price pressure is differentially affecting the most touristic and stressed areas, especially those that, as in the case of the islandsthe options to expand the surface area for residential housing are very limited. That is to say, it is not that foreigners are buying less, but that they are doing so in less tense and with more reasonable prices. Who buys in Spain? Despite the drop in sales from the islands, the British continue to lead the list of foreign buyers in Spain, with 5,731 registered transactions, followed by Moroccans (5,654 transactions) and Germans (4,756 purchases and sales). However, operations carried out by foreigners represented 19.3% of total sales, a slightly lower proportion than that registered in 2024 with 20.3%. This loss of prominence is felt above all in the islands, where the British and Germans clearly dominated the statistics. The end of the “Golden Visa”. Besides, the advertisement of the elimination of the so-called golden visas or “Golden Visa”“, which allowed you to obtain residency in Spain in exchange for investing a certain amount of money in real estate, has also conditioned the decline in demand. In the first six months of 2025, foreign residents accounted for 60.9% of the purchases made, which represents 6.4% more than the previous year. On the other hand, non-resident foreigners who were affected by the elimination of the ‘Golden Visa’ and had to assume new tax limits, they reduced their purchases by 4.1%. In Xataka | Hoteliers dream of hanging the sign full in 2025. The rent that their employees must pay is their worst nightmare Image | Unsplash (Boris Busorgin)

Spain has been seeing how housing becomes apparently not affecting the demand. Now something is changing

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Accustomed to An overheated market in which demand far exceeds supply, Latest statistics real estate have left us a surprise. The Community of Madrid, the Balearic Islands, the Canary Islands or Cantabria said goodbye to the second quarter with less purchases of houses than last year. Not just that. The most curious (or not) is that this ‘puncture’ has not softened prices, which far from containing have continued upespecially in the capital. There is who appreciates and signs that the increase in housing begins to stop the most tension markets. What happened? That the Madrid real estate market is experiencing A curious phenomenon. Or not. While the country as a whole records more sale operations than a year ago, in the Community of Madrid the opposite occurs: less transactions are closed. It is not the only region of Spain that is unmarked from the general trend, but it is the one that does so in a more evident way. In case that trend was not interesting, it coincides with another equally clear: the increase in housing. In the capital you may sell less houses than a year ago, but those that change hands do it with higher prices. How much is the fall? There are different sources to answer that question. One of the most reliable is Official statistics of transactions that the government periodically publishes. His latest data is from the second quarter and reflect a clear setback in the Madrid market. From 23,267 operations in 2024 we have moved to 21,614, 7.1% less. The percentage is interesting for several reasons. The main is that this negative data contrasts with the growth experienced in the country as a whole, where transactions grew 3.1% during the same period. The Community of Madrid is not the only one that is declined from generalized growth, although it is the one that has suffered a clearer fall. In the second quarter, they also ‘pricked’ other tension markets such as the Balearic Islands (-2.7%), Canary Islands (-6.1%), Cantabria (-2.7%) and La Rioja (-4.6%). Is there more data? Yes. Those of the General Council of Notaries, which gives us Another perspectivemore updated. His latest report on the real estate market shows that in July the sale of homes grew in 11 autonomous communities, with increases especially pronounced in Navarra (21.5%), Aragon (14.1%) or Castilla y León (11.6%). In the opposite pole the Community of Madrid is located again, where the agency counted 8,235 purchases15.5% less. ‘Click’ again the Canary Islands (-11.7%) and Cantabria (-8.2%) and to a much lesser extent, with falls close to the percentage point, the Valencian Community, Catalonia and Andalusia. His setback explains that in the country as a whole, notaries have registered a 1% year -on -year fall in the sale flow. The Madrid market not only exceeds that setback. The country remember In addition, July is the fourth consecutive month in which it scores an interannual fall of transactions, although with more moderate declines. What about prices? That is the key. The decrease in sale does not seem to have thrown down prices. On the contrary. They go up. And bluntly. If the Madrid market highlighted by the fall of transactions, it also does so by the increase. According to Official data From the government, buy a residential square meter in the free market of the Community of Madrid cost in the second quarter of 2024 3,198 euros. In the same quarter of 2025 that value had already shot at 3,630, that is, 13.5% more. The percentage exceeds that of the national average, which stood at 10.4%, and left the value of the free residential square meter in 2,093. What do notaries say? Something similar. Your July report It reflects that prices continued to grow in the most overheated markets, even in those in which transactions fell: in the Canary Islands they rose 5.3%, in Cantabria 14.6%, in the Valencian Community 7.7%and in Catalonia 7.5%. If there is a community that stands out, however, it is the Madrid, which combines two ‘silver medals’ at the same time: it is the second in which prices rose the most in July, 16%, only behind Navarra; And it is both the second with the most expensive M2. Its value is at 3,529, a fact that only exceeds the Balearic Islands, with 4,100. Notaries have also detected an increase in the number of bank loans for the purchase of homes. In general, 6% grew with an average value of 179,450 euros, 9.4% more than a year ago. In general, more mortgages were granted in 13 autonomies, which is largely explained by its cheaperalthough its volume fell in Cantabria, the Canary Islands, Navarra and the Community of Madrid. Why is it important? The phenomenon recorded in Madrid, Balearic Islands, the Canary Islands or Cantabria, where there were less sale in the second quarter while housing continued to make it more expensive, is interesting for what suggests us from the market: fatigue signs and less joy in purchases in a market suffocated by the increase. José García Montalvo, Professor of Economics, I recently recognized to The country that a “slowdown” in the Madrid market is appreciated. “A growing pressure is being experienced that is now late for a little more to sell floors, that the number of days is lengthening,” he clarifies before adding that the last records show a 18% rise in sales times. The notaries They point However, their July data should not be interpreted yet as “a change in trend.” In fact, they appreciate a growth trend, although “with a lower intensity in recent months than in the period covered by the last quarter of 2024 to the first of 2025, which points towards a certain cooling in the market.” Are there more factors at stake? Yes. As García points out or notaries, the data invite you to think about a “slowdown” or “cooling” of the market that coincides with the price increase, but the increase in housing is not the only … Read more

60 years ago Singapore lived an alarming housing crisis. Today almost all of its inhabitants have their own home

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Singapore is a constrained nation, rich and with one Huge concentration of population, ingredients that a priori invite you to think about a complicated residential market. His most iconic image is in fact that of a ‘skyline’ drawn by huge and brand new skyscraper. However, despite the fact that it has not been oblivious to market reheatingthe city-state presents a curious peculiarity: a overwhelming majority of its population resides in homes promoted by the State and the country has one of the biggest Property rates of the world. His model has fascinates experts for years. A unique country. It is not that the real estate market of Singapore is special, is that it is the nation itself. If it had to be defined with three adjectives, they would be small, concentrated and prosperous. The city-state is barely 720 km2 And he welcomes just over six million people, so that his population density is around 8,200 people/square kilometer. These data make the island nation one of The most concentrated of the planet, behind Macao and Monaco. If we talk about per capita income, an indicator of population wealth, Singapore also sneaks into the top of international rankings. In fact, he heads Asia’s list and stands out on the world map. According to The data which manages the US administration, at least last year there were only two nations that exceed it (both small): Monaco and Liechtenstein. The city-state also stands out for Your concentration of millionaires. Singapore’s paradox. If the country’s economic and demographic data are curious those of its real estate market are no less. Especially because, as he pointed out In March Wei Low In an analysis published in Bloomberg, the city-state presents a “paradox.” Singapore is not cheap for real estate professionals, but at the same time it is surprisingly affordable for its inhabitants, which seem to have no problems when acquiring a house. Does not lead the List of countries With a higher housing property rate, but it is appearing in the upper part of the table, with a percentage much higher than that of Spain. Here the Bank of Spain (BE) Calculate that the percentage of households owned by their main house The European average It was slightly lower, of 69.7%, a percentage that brings together, however realities so disparate such as Romania (96.1%) or Denmark (59.3%). First percentage: 90%. In the case of Singapore the analysts They usually point that the property rate is around 90%. That The reference that is handled from Wei or the one that collects the Trading Economics platform, which Precise that the average property rate in the city-stated between 1980 and 2024 was 89.2%. The last indicator (of 2023) would be 90.8%, a few points below the maximum of 93.1% scored at the beginning of the century. Such a percentage has made often analysts are done a question: How have Singapore managed to reach a rate of ownership of the housing so surprisingly high? Second percentage: 80%. The above is much better understood when knowing Another indicatorequally striking: it is calculated that More than 80% of the population of the country resides in apartments built by the State, which also controls an overwhelming part of the territory. In 2018 Abhas JHA, Urban Development Manager and Risk Management of the World Bank, I calculated that 90% of the land were owned by the administration, almost double that in the 60s. During the same period, between the 7th and the present, the property rate He also shot. Three letters: HDB. To understand these percentages, we must know the recent history of Singapore and especially the origins of one of its fundamental organisms at real estate, HDB, the acronym in English of Housing and Development Board. In the late 50s, when the city-state reached its self -governmentthe Singaporenses authorities met A challenge Capital: its housing park had not grown alongside that the population of Chinese, bad and Indian immigrants, which translated into overcrowding and illegal populations. To solve that pressing “Residential Crisis” In 1960, HDB was created, an organism that was launched with a strong support of the government. In three years he had built 21,000 homes, a couple of years later the figure amounted to 54,000 and after a decade it resulted in the crisis. The result, highlights the organism itself On its websiteIt is that today “about 80% of the population of Singapore resides in HDB homes in 24 cities and three urbanizations.” As a reference, at the beginning of the 1960s only a small part of the Singapurenses (about 9%) resided in houses of public origin. Government graph explaining the sales system to 99 years. One date: 1964. In the residential chronicle of Singapore there is, however, another even more important date, such as remember Bloomberg Agency: 1964. That year the administration decided to offer subsidiary apartments for sale as part of the program ‘Housing access plan for the people’an initiative aimed at medium-low-income families who wish to acquire their own home. Since then the country has continued to polish the system, creating a mechanism that has favors for more than 30 years the mixture of ethnic groups (Chinese, Malays or Indians) to prevent them from forming in the small city “Racial enclaves” and a program that encourages the modernization and reform of the housing park. “Being a home owned citizens a tangible asset and a participation in the construction of the nation. There are more than one million HDB houses, in which 80% of the resident households reside. Of them, nine out of ten are owners of their homes,” stands out The Singapore government. How does the system work? There is an important detail. As remember Administration, The majority From HDB homes are sold with a 99 -year -old lease contract, a formula that, Reason the Government“satisfies the needs of the owners and their children while guaranteeing the rehabilitation of land and building construction.” The formula is not exclusive to the city. In Hong Kong there are also … Read more

Work no longer prevents 30% of young people from being at risk of poverty and we have found the reason: housing

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The existing gap between the cost of life and salaries in Spain calls into question that having a job (even when it is stable) is already a subsistence guarantee without falling at risk of poverty. According to him last report From the Emancipation Observatory of the Youth Council of Spain, around 30% of young people in Spain live at risk of poverty or social exclusion, even having a job. Work no longer guarantees to avoid poverty. Having a job has ceased to be synonym for security for children under 30 years. According to data from the Emancipation Observatory report, 18.8% of the young people working are at risk of poverty. This figure almost doubles the 2009 data and confirms the wear of the labor market as a protective shield. The report indicates that for Those who have no job The reality is even more severe: more than 52.1% of unemployed young people live under the threshold of poverty, twice the average of the total population. The salary goes up and lowers youth strike. The figures released by the report reveal that, although the Medium salary Juvenile rose 11.4% in 2024 reaching 14,046 euros per year, a good part of young people cannot guarantee sufficient quality of life With that salary. 53.6% of young people between 16 and 29 do not have their own income, and in 14.9% of young households none of its members have a job. The Observatory recognizes that youth unemployment figures have improved by lowering to 19.1%, their lowest value since 2007. However, it remains at a high 24.9% unemployment between children under 25 and 35.5% among those who combine work with the studies. In addition, 36.2% of occupied youth It is overwhelmed for employment What does it perform. The inequality of women and young people with less studies. Women and young people with fewer studies are the most exposed to the threshold of poverty even having a stable job. The risk of poverty affects 31.1% of young women compared to 28.9% among men, and the gap is extended when the educational level decreases. In addition, according to The published by Infobaeyoung men earn 1,929 euros more a year than their companions, a significant salary distance that equals more than one monthly payment. The vault key: housing. In the epicenter of this economic precariousness is the one who, According to the January 2025 barometer Prepared by the CIS, it is the main concern of the Spaniards: the exorbitant prices of housing. The difficulties for access a home own have aggravated the situation and Emancipation rate of young people(Data that represents the number of young people who can leave the family home to start their vital project) in Spain was just 14.8% during the first half of 2024, the lowest level recorded since you have registration. A wall for emancipation. Access to your own home has become Mission almost impossible For the young. As published in the report, The base rental It is around 1,080 euros per month, which means that a young person must dedicate 92.3% of their salary to housing if they want to live alone. The purchase option is not much more optimistic. The Observatory estimates the average sale price of housing in about 197,210 euros, which is equivalent to 14 years of a current average youth salary. Only the entrance for housing (estimated at 59,163 euros) is already about four years of salary, making youth emancipation more complicated. Given this real estate context, 57.9% of young people who manage to emancipate rent. Of these, almost a third share a flat to be able to assume the expenses. However, this is not an affordable alternative either. The average price of a room in shared floor It amounts to 375 euros per month, equivalent to 35.8% of the monthly net salary of a young man. These percentages exceed the spending threshold for the internationally recommended housing, set at 30%. In Xataka | Barcelona tested a basic income of 1,297 euros per month and the job search was reduced by 22%: the test was a success Image | Unspash (Gabor Szuhan)

Madrid needs to build a lot to relieve its serious housing crisis. You already have a (mini) plan to achieve it

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Madrid You need housing. A lot of housing. If the city wants to solve its mismatch between supply and demand and thus stop The climbing Price that he has long suffered needs to strengthen his market. It is not a simple task. Over the last years the capital has Moved file for example to avoid the escape of floors towards the holiday rental or clear land in which Raise new houses. With that backdrop, his City Council has just taken an important step with which he hopes to create hundreds of households in a new urban widening. Objective: to stop one of the Great challenges of the capital. What happened? That Madrid has taken an important step that will allow (partly) to relieve one of its most pressing problems: The lack of housing. A few days ago the City Council advanced in the procedures to clear the situation of an area of 218,000 m2 located east of the capital, together with San Fernando de Henares and Coslada, and in which 700 houses will be built, 50% official protection. What exactly? Advance in the long bureaucratic journey that the project has to complete before the first stone is placed. Last week the Government Board of Madrid approved Submit to the public information process the Sector Plan for the ‘Development of the East-Esanche of San Fernando’. The objective: ultimately, order the land located next to San Fernando de Henares and Coslada to “transform” with green areas, services … and houses. The Governing Board also approved to send the document to the Community of Madrid to activate two other essential bureaucratic gears: the strategic environmental assessment and the territorial impact report. For now, the project already has a favorable report from the General Planning Directorate. Click on the image to go to Tweet. Where will it be built? East of Madrid. To be more precise, near the roads M-45 and M-50 and the Regional M-206, between the towns of San Fernando de Henares and Coslada. Towards the East limits with the Parque Roma-Coronas neighborhood (S. Fernando de Henares), to the Oste with Jarama (Coslada) and to the south beautiful with the hills (Madrid). The Consistory recalls that under the ground the Metro line 7 runs, not far away are the Central Coslada and S. Fernando. The idea is not to build only 700 homes, green areas and other equipment, but “integrate” the new neighborhood into the surroundings, especially with Romoronas Park and Jarama, “giving continuity and harmony to the whole set, also with the metropolitan forest,” Clarify José Luis Martínez-Almeida’s team. The Consistory wants to integrate the improved road into the urban framework, preventing it from acting as a kind of “barrier”. Why is it important? Because among other things the Ensanche of San Fernando plans to create about 700 new homes, half with some degree of public protection and the rest available for the free market. And that is an important news in a city that suffers a deep mismatch between demand and the supply of residences, which translates into a deficit that some voices of the sector They relate precisely with the lack of soil available for construction. The Association of Real Estate Promoters of Madrid (Asprima) Calculate that every year they are necessary 40,000 New households in the community, well above the production of new construction. According to their estimates, over the last years housing deliveries have remained between 7,200 of 2014 and the “peak” of 23,500 last year. In 2023 and 2024 he estimates that 16,000 and 18,600 began respectively, which gives an idea of the stage for the next few years. And what does that suppose? “There is much more demand than supply and that translates into a price increase. In addition, there is an embolized demand for more than 175,000 homes,” warned Real Estate Consultores Forum in a 2024 analysis. In its last year’s report, Asprime already remembered that the INE forecasts pass through that in the coming years (between 2022 and 2037) the population of the Community of Madrid grows almost 13% to exceed the 7.8 million inhabitantswhich will fully affect its real estate market, tensioning it even more. “This growth will cause the community to build housing in the next 14 years for 573,738 new homes, passing the housing park of the 2,636,988 existing in December 2022 until 3,210,726 of December 2037. It means building more than 40,000 homes a year, compared to the 17,000 that are currently built,” collect The promoters report. The collective is part involved, but it is not the only one who has warned of the hole, a problem that extends to other regions of the country and also has pointed out The Bank of Spain. Does it affect something else? Yes. The mismatch between supply and demand, added to other factors such as The pressure that holiday rentals exercise, it is felt on several fronts. For example, in The speed with which the floors find tenant or buyer or The hard conditions who are forced to assume those interested so as not to be expelled from the market. If there is a clear indicator of the imbalance it is nevertheless the price. Idealista calculates that M2 costs € 5,718 In the capital, 23.7% more than a year ago. In the case of rentals the rise was from 11.3%. Images | Quique Olivar (UNSPLASH) and Borja Carabante (X) In Xataka | In Madrid the number of Latinos has shot. And with them a new phenomenon: 15 -year -old parties for Madrid

Valencia feared that the housing market sink into the areas devastated by the DANA. The opposite has happened

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The Dana that He hit the province From Valencia in October it was so violent, it caused so many damage and affected so many people, that in the real estate agencies of the area they feared that the market was upside down. “It was thought that it was going to sink into the most devastated areas,” Recognize The sector. Reality has been another. The region has not only maintained The tension Between supply and demand suffered before the Dana, but has added an extra factor: Damage who suffered hundreds of households. The Association of Real Estate of the Valencian Community (ASCival) has published A report It helps to better understand how the market has responded. “We saw that the demand was strong”. Nora García Donet, president of ASCival, acknowledges that the market response after the Dana has even surprised the sector. After the rains they feared a puncture in the market, but reality has been quite different: the demand remained high while the offer (which in many cases was already subject to intense pressure before disaster) It was marked by the loss of households razed by rain and mud. “In the first moments it was thought that the market was going to sink into the areas most devastated by the Dana, but soon we saw that the demand was strong in a context in which many homes had been inoperative, and this trend is the one that has been maintained over time,” Donet points out. That equation has ended up moving to another key element: prices. A percentage: 18%. The report Ascival provides a fundamental fact to understand the drift of the market: the price of housing has increased by 18% in the municipalities hit by the DANA. More specifically 18.8% in the sale market and 18.1% in the lease. Translated to counting and sound money that means that houses for sale in the affected areas cost 171,428 euros while the rentals are around 800. The provinces has deepened Something else and calculates that a floor for sale in the towns razed by the downpours has increased, on average, about 32,000 euros. In the case of homes for rent, the price increase would be at 145 euros per month. All compared to the values ​​of seven months ago. What is the reason? The same that usually causes price increases in normal conditions: the imbalances between supply and demand. In Your study Ascival indicates a growing decoupling between both both in the sale market and in the rental. In the first case, the association calculates that the demand for houses for sale has shot 22% while the offer has fallen by 31.3%. In the second case, that of the Property Market to lease, the demand has shot 27.1% with the offering supply (38%). “Little more than six months after the devastating consequences of the DANA, the real estate situation in the affected municipalities follows the same trend of price and demand and contribution trend and contrition of the housing supply as in the rest of the Valencian territory,” Point out As a conclusion the Asicval report. That reality is verified by the region’s own agencies. More than half (54.3%) ensures that the supply of housing for sale has decreased and almost 90%(87.5%) have noticed price orange blossom. 58% also believe that there is more rental demand, while 96% consider that the supply has been maintained or dropped. The role of the Dana. The report It does not detail to what extent the increase can be related to the effect of the DANA or its influence on supply and demand, although it does slide some interesting data. The main one is that most people interested in buying or renting a house in the affected municipalities are locals. This is perceived at least by the agencies, which also ensure that customers do not seem especially interested in knowing whether or not the properties are in flood areas, but they do prefer apartments in height buildings. The tension in the market is not new, nor has it emerged after the October disaster. In 2024 Idealista published A report in which he already pointed out that the district with the greatest pressure in the demand for housing in Spain was in the Central-Horte de Trenor area, in Torrent. During the last months the house It has become more expensive Also in the whole of the province of Valencia, not only in the areas affected by the DANA. What the torrential rains did was sweep hundreds of homesdamaging them or leaving them temporarily uninhabitable. Image | Manuel Pérez García and Estefania Monerri Mínguez (Wikipedia) In Xataka | An old dream is injured in Barcelona: the idea of ​​”a house for a lifetime” without fear of move

With housing for clouds, Spain had never won so much with rentals

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If we talk about housing, Spain has always been a country of owners. Twenty years ago the percentage of households that resided in a house in its name It was 80%compared to just 9.5% rented (at market price). Things have changed since then. While families residing in their own homes remain a large majority, lease He has gained strength. That demand increase, added to tourist rental boomha Turned prices In recent years, especially in big citiessuch as Madrid or Barcelona. That reality has had an effect Beyond the market, in the rent of Spanish households: profits related to real estate has reached a record level. What does that mean? That those who pay income do so more expensive than everbut those who charge them have seen how their profits grew so much that, together, the country’s households had never entered so much through that way. The (Great) Footprint of the Rentals. The increase of rentals and The increase of tourist housing has not only tension the real estate market, deriving in protests such as those summoned to early April in dozens of cities in Spain or the famous “Key Revolution” held in October 2024. Its effect has also been clear elsewhere: the pockets of the landlords. Those who charge income, either for the rent of a home, a place or a garage, has seen how that source of income for their own domestic economy He shot In just a few years until reaching records. In fact, household revenues for that reason are in its highest level Since at least 1995. A percentage: more than 90%. The data is interesting for several reasons. First, because we usually think of large investment funds when talking about rent, the reality is that more than 90% of the properties that are leases as habitual housing and market price are in the hands of individuals. Natural persons. No societies or vulture funds. In fact, societies are owners of 8%. He reveals it The Bank of Spain in a recent report with data from 2021. The second reason is that in Spain they receive income from the rental of properties More than three million of people. A figure: 31.5 billion. If we can have an exact idea of ​​how much it ascends and what this huge flow of income related to the rental of properties, from houses to premises or garages, is thanks to the Tax Agency and its collection reports. In latestpublished recently and whose content has analyzed eldiario.es, it is revealed that last year the profits by leased real estate amounted to 31.5 billion euros. That is the fact of what homes perceive. To him would be added what they perceive through companies. It is the largest data of the historical series published by the Tax Agency, which dates back to 1995 and that except for some exceptions (for example between 2019 and 2020, coinciding with the pandemic) has maintained an ascending curve. As a reference, in 2023 the gross income of households related to the lease of real estate remained slightly below 29,600 million. If we look at 2008, he added 16,123, which has almost doubled since then. Gross household income (millions of euros) 1995 2000 2005 2010 2015 2020 2024 Furniture capital 18,156 11,948 14,749 22,710 15,842 14,801 30,767 Leased properties 5,980 8,087 12,027 16,485 17,881 22,680 31.504 Patrimonial gains 2,452 11,619 24,808 10.507 13,320 18.122 28.818 Total capital income 26,588 31,654 51,584 49,701 47,043 55,602 91.089 Does the report relieve anything else? Yes, that this increase has consolidated the rental of real estate as the main capital income in Spanish households. What does that mean? For fiscal purposes, capital income is the income achieved thanks to assets such as investments, properties sold or rents, among others. In 2024 the latter (rentals) added 31,504 million euros, while the furniture capital remained at 30,767 and the heritage earnings in 28,818. That the first has climbed so much is not just due to the market or the rental boom. The Treasury himself has narrowed the siege to the tourist rental, which has made homes that were rented without declaring have emerged in the eyes of the Treasury. Why is it important? Because it was not always the case. In 2008, Spanish households entered 16,123 million through the lease of real estate while Furniture capital (Bank accounts, bonds, titles, etc.) generated about 22.7 billion. Coinciding with the increase in income via rent, Eldiario precise Another curious circumstance: rentals, furniture capital and heritage gains (surplus value of homes or shares) represent just over 10% of the total homes of households. It did not happen since 2008. The main homes of households remain those associated with work, which last year exceeds 753.4 billion euros. The income of the companies and other concepts complete the general photo exceeding 57.3 billion. What tells us about the sector? That the income of the homemade grows up is interesting in themselves, but it is still another symptom of the situation of the real estate market. Its increase coincides with the increase in rentals (of more than 90% in the last decade, according to The data of the idealist portal), The boom of the tourist floors and an increasing In record time. At the same time and given the difficulties in saving, achieving financing and becoming a owner, the rental option is gaining weight as a vital option. The INE estimates that in 2021 15.9% of households They resided in rent. In 2011 that percentage was two lower points (13.5%). Interestingly, a very similar figure, 15.5% of households, had second residence, which places them in the group of potential families that become homemade. Images | Nicolas Vigier (Flickr) and Joan Ggk (Flickr) In Xataka | Idealist has calculated the “effort rate” of the Spaniards to pay the rent. The panorama is not encouraging

Europe is so desperate for housing that there are already people asking for rehabilitating factories like houses

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More than the progress of the economy, unemployment, emigration, politics or corruption. If there is something really We are worried To the Spaniards, something that takes away our dream, is housing. The CIS says it in Your latest barometerbut it is something that is perceived in the street: only a few weeks ago tens of thousands of people mobilized in almost 40 cities to show their discontent anger precisely because of the escalation in the price of houses, with rentals Beating records and the cost of m2 Nailing with the values ​​prior to the real estate bubble. With that backdrop (which It is not exclusive from Spain) There are those Believe That part of the solution to the housing crisis is right before our noses: the thousands of square kilometers of unused industrial areas distributed throughout Europe. “Urban Regeneration”. Proof that housing worries, in Spain (and many other countries), is that every time studies, comparative and statistics are published that either put the thermometer to the sector or venture to propose solutions. Does A few months It was done by the Systemiq company with a report that insists again and again on the potential of the “Urban Regeneration” To alleviate, at least in part, the housing problem of Europe, where prices in cities They have climbed until hinder access to homes. And what does “urban regeneration” understand? “Transforming infra -utilized land and obsolete buildings into compact and dynamic places to live, work and do business,” he explains The study Before stressing that it is “a strategy that could relieve the housing crisis in Europe and at the same time revitalize its cities.” That last nuance is not accidental. The company recalls that it grows above all the interest in housing located in urban environments, which leaves cities in the face of the challenge of finding the ground with which to cover the demand. A fact: 19,000 km2. Systemiq’s study is just that: a study. With their biases, strengths and weaknesses. However, it is interesting to approach an approach that over the last years It has sounded In the sector and even big promotions residential And it is among other things because it provides some illustrative figures. According to the authors of the report, in Europe there are approximately 19,000 square kilometers of “abandoned industrial land” and between 200 and 300 km2 of offices “available for conversion in attractive areas”. All this, the firm recalls, while in Europe you seek precisely new developments. “The demand for housing in dynamic cities is booming, just like that of mixed and alternative spaces, such as coexistence developments or new types of work spaces,” The technicians add of system. Enough for more than 10 years. “The appropriate locations for urban regeneration could satisfy most, if not the totality, the demand for new buildings provided in Europe for the next 10-15 years and would save cities about 20% of the planned infrastructure costs,” The report abounds. Its authors even throw themselves with some calculations and projections in the future, although without specifying how they get to them. In his opinion, “a fraction” of that wide area, around 300 square kilometers of empty offices and commercial premises and between 1,000 and 1,500 km2 of “vacant lots”, to meet the European land demand for a decade or decade and a half view. The key would go to allocate to spaces for housing and commerce. The report It also estimates that during that same period a total considerable investment would be reached that would be around four or six billion. Is it a new proposal? No. The country appointment For example, a 2024 JLL manager report that identifies 20,529 km2 of wasteland in Europe that could be used for that purpose. “His analysis suggests that the re -urbanization of a small part of those lands in the region would create between 713,750 and 1,247,500 new homes,” Comment to the newspaper Laura Nolier, from the Ginkgo firm. A few years ago the organization Habitat for Humanity He also performed A study in which he explored the potential of empty spaces to face the lack of housing. As remember The Archdily Specialized Website, Habitat technicians chose the United Kingdom as a pilot study area. His study ended up locating about 7,000 commercial and businesses in England, Scotland, Wales that were in the hands of local authorities and carried out without use for more than a year. Only empty office spaces could be transformed, according to their calculations, in more than 16,000 residential units. Commercial disuse spaces would give for 3,500. Beyond the theory. Not everything is theory. There are public administrations and promoters who have already opted to give a second life to empty buildings. In recent years, both inside as Out of Spain They have converted into homes office buildings, quarters, temples, Factories of different guys either Wineries that they have ended up reopening like luxury residences. Any initiative has even gone further by raising the transformation of an entire industrial zone into a residential area, as is the case In Vallecas PuenteMadrid. Are all advantages? No. Urban regeneration projects or give a second chance to industrial spaces and offices for homes to also face challenges. Both urban and architectural, normative and bureaucratic. In fact there are projects that directly They stay along the way and others end with a questionable result, such as Terminus Housein Essex, a rehabilitated office building as a block of floors. For frustration of his tenants, he ended up with tiny apartments and away from basic services. Opportunities and challenges. “A change in land use may imply urban impact studies, municipal approval and compliance with specific regulations. Depending on the city, there may be restrictions,” warns in The country Juan Antonio Gómez-Pintado, of the promoter Corporation Vía Agora. To those challenges are added the licenses, certifications, the need for technical studies, the possibility that the soil is contaminated and, the case, the adaptation of constructions that were originally thought for residential use. Another key … Read more

The housing market in Malaga is becoming such a drama that neither good salary engineers can rent

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In Malaga a curious dichotomy is being given. The city has become a International Technological Pole and business successful model. However, after that brilliant facade of innovation, a worrying reality is hidden: many qualified engineers and professionals cannot afford rent a house in the city. This technological boom is generating a housing crisis that is expelling the architects of Malaga progress. Malaga Techpark: You can die of success. The Andalusian Technology Park (Málaga Techpark) or PTA, is an example of success that has put Malaga on the international technological map. According to data provided by PTAin 2024, the park reached record figures with 27,940 jobs and a turnover of 4,181 million euros, which represents a growth of 21% compared to 2023. The arrival of renowned technology companies, such as Google, and the future IMEC installationa World Vanguard Microelectronics Research Center, consolidate Malaga as an innovation pole. The housing problem. This technological expansion has attracted new talent from everywhere and Malaga has become an attractive place for entrepreneurs and startups. Despite economic growth and job creation, Malaga faces a serious housing problem. Rental and purchase prices have shot in the capital of Malaga, according to data from the real estate portal IdealisticIn 2017, the price of housing in the city of Malaga was around 1,590 euros/m2, while currently 3301 euros/m2. Only for 2024, the price has increased by 21.4%, making a housing at a reasonable price It is difficult for many professionals. Even well paid. As Felipe Romera, general director of the PTA, said in An interview For the local newspaper Malaga todayis also affecting professionals with good salaries, being a stumbling block to capture and retain this new talent that is reaching Malaga. Expelled from Malaga. As in many other large cities in Spain, this real estate problem has led many of these workers to look for alternatives in surrounding towns to Malaga, increasing real estate pressure on these areas and generating mobility problems in the access roads to the new technological infrastructure. Romera described this situation as a “city failure”, where economic success is expelling its own citizens. The lack of affordable housing threatens to undermine Malaga’s appeal as a technological center. Telework and transport. Given this panorama, teleworking and the improvement of public transport are presented as possible solutions to relieve pressure on housing in Malaga. Teleworking allows professionals live in more affordable areas no need to move to the city daily. However, for this option to be viable, it is necessary to have a good Internet connection and quality services in peripheral areas. Romera pointed out that the improvement of public transport was also a fundamental aspect to facilitate the mobility of technological workers who live outside Malaga to avoid the dependence of the car to go to the work center. These measures could contribute to reducing housing demand in Malaga and relaxing real estate pressure. Malaga is not an isolated case. The problem of accommodation for its workers is not exclusive to Malaga. Other areas with strong economic growth, as IbizaThey are also experiencing similar housing crisis in which the price of housing is affecting talent collection. Although employment offers are attractive, high rental prices make Do not be profitable For employees. The City of Malaga and the Junta de Andalucía are aware of the housing problem And they are taking measures to address it. Projects are being promoted Social Housing Construction and land are being reclassified to increase the offer. However, these projects take time to materialize due to the labor shortage that the sector already lives the complexity of administrative procedures. In Xataka | If the question is whether tourist floors take the price of rentals, we already have the answer: more than 30% Image | Unspash (Jonas Denil)

Austin has managed to lower the price of housing in full world crisis. One of your keys: build a lot

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It doesn’t matter if it is the US, Europe or Asia. Where there is a tensioning real estate market, with upward prices and families forced to spend more than advisable In your rent or mortgages the question is always the same: how to lower prices or at least moderate them? Is there a formula that allows cutting the ascending spiral of €/m2? In Austin, Texas, they have succeeded. And to a large extent the key has been a clear commitment to the construction of new housing. The full photo, yes, is much more complicated. What do the figures say? That Austin, capital of Texas, the Tenth city With more US population, it has managed to reduce the cost of their home. It arrives with checking some sources to check. According to UNLOCKS MLS, in January the average sale price in Austin’s metropolitan area was 4.7% lower a year ago while the national trend at the close of 2024 was the opposite, with a price increase 6%. Redfin also confirms an interannual decrease 3.1%in the price of the square meter (m2). News Week It has echoed some luxury residences of the city that have strongly reduced their prices. In August He spoke of an average drop of 7.23% in the prices of the new constructions, with some properties reduced to 31.33%. In January he cited a mansion that had reduced its price 50% And in February he cited a similar case with a decrease 30%. Why is it important? In general, experts who analyze the Austin real estate market speak, if not drop in prices, yes at least of “stability”. What is not bad if two factors are taken into account. First, what The latest data From the Federal Financing Agency (FHFA) show the cost of the house has risen on average in the US, with a 4.5% rise between the fourth quarter of 2023 and the same period of 2023. The second key is that the last falls connect with those already registered in recent months. Just a year ago Wall Street Journal (WSJ) He informed That, if compared to the maximum values ​​reached in 2022, prices had fallen in Austin more than 11%. No other US metropolitan area has seen the house more cheaper during those years. As for the rental cost, the newspaper pointed to a 7% drop in just one year, again a record fact on the US urban map. Today it is estimated that they are already lower 22% to those of August 2023. Is there more data? Yes. Months later, at the beginning of autumn, Business Insider He put the thermometer again to the capital of the capital of Texas and found that housing prices had fallen even more clear with respect to 2022 peaks. At that time the Freddie Mac company placed the drop by 14% and Zillow in 18%. It may sound like a catastrophe for the real estate market, but the truth is that, despite these falls, the prices of houses and apartments in Austin were maintained above the levels prior to the pandemic. A year ago Moody´s calculated that were still 35% higher than what would be expected by the local economy and the most recent analyzes of Redfin either NORADA They corroborate that today the M2 in the Texan capital is still more expensive than in 2019. And what is the cause? Better talk about causes, in the plural. If Austin has managed to cut the price escalation of his real estate market and that the houses and apartments are cheaper is thanks to a sum of factors in which the commitment to new promotions is combined, the overconstructionthe increase in mortgage loans and the demographic dynamics of the city. To understand it, it is necessary to go back a few years ago, to A very different scenario in which prices grew at a good pace. What period do we go? To the last decade and the years prior to the pandemic, when the promoters and buyers of Austin faced a very different panorama: an escalation of prices that, according to Some estimatesled to the average cost of an house in the metropolitan area increased by 63% in a decade, from 2010 to 2020. WSJ It goes further And it points to an increase of 60% in just a couple of years, just during the pandemic, far exceeding the increase in income. These percentages are explained above all for one reason: the imbalance between supply (scarce) and demand (high). After the financial crisis of 2008, housing construction had been placed while the Austin area stood out at the national level for the growth of its population: 33% in a matter of a decade. Only between 2020 and 2022 his census office scored A 5.3% rise. The reason for that boom? Among others and dynamics of the pandemic apart, the commitment of companies such as Oracle, Tesla or Elon Musk himself and Your interest For the Texan State. That there were large companies making the bags to move to Austin was no accident. Beyond its environment, it was attractive at the regulatory and tax level. The problem is that this growth further brushed the real estate market, making prices fire. And how did the city answer? Building. A lot. Lot. And fast. Texas It usually presumes From its construction sector and in Austin it took muscle. Animated by demand, upward prices and changes at the regulatory level That they made the promoters easier, the Texan capital saw how its market entered into boil. It arrives with review some data to understand it. Only between 2020 and 2022 plans for tens of thousands of new homes of all kinds. Business Insider Remember that if in 2022 more than 3,000 new properties each month came to the market, the following year the figure already exceeds 5,000. It is estimated that Austin’s housing park gave a stretch of More than 8% In a few years, including both single -family houses and apartment and … Read more

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