The Week in Real Estate: 10 News Highlights
Summary of the most relevant real estate sector news published over the past week.
1. Real estate activity nears historic highs, according to registrars
Real estate activity in Spain increased by 4.2% in the fourth quarter of 2024, marking two consecutive quarters of growth and an annual increase of 15.7%. This growth is driven by an increase in sales and mortgages, reaching levels close to historic highs. (idealista.com)
2. The Building Cluster proposes financing for industrialization
The Building Cluster, along with Afi, suggests up to €600 million in public financing for new facilities and a €3 billion fund to facilitate access to raw materials and advance component production, boosting the industrialization of the sector. (ejeprime.com)
3. Unemployment falls by 5,994 people in February, reaching 2.59 million
Positive performance in services, construction, and industry led to the creation of 11,387 new jobs in February. However, the agriculture sector saw an increase of 210 unemployed people, while the group with no previous employment grew by 5,183 unemployed individuals. (ejeprime.com)
4. Inmoking and Knight Frank operate a 26,400-square-meter logistics center in Madrid
Inmoking and Knight Frank manage a property built on a 53,000-square-meter plot in the Henares Corridor, a growing area that accounts for 47% to 55% of Madrid’s total logistics demand absorption. (ejeprime.com)
5. Neinor reaches an agreement with unions for a redundancy plan affecting up to 58 employees
Neinor Homes has reached an agreement with unions to carry out a Redundancy Plan (ERE) affecting up to 58 employees, aiming to adjust its organizational structure after integrating 118 employees from Hábitat's third-party real estate management business. (ejeprime.com)
6. The real estate sector returns to profitability with €693 million at the end of 2024
The largest listed real estate companies, including Merlin, Colonial, Insur, Metrovacesa, Neinor, and Renta Corporación, closed the year with a 3.3% increase in revenue, reaching €2.28 billion. Their EBITDA grew by 1.5%, totaling €924 million. (ejeprime.com)
7. Rental prices rise 11% in February, reaching €14/m²
Rental prices in Spain have increased by 11% in February, with an average cost of €14 per square meter, according to Idealista data. (idealista.com)
8. Analysts expect another rate cut at this week’s ECB meeting
Financial analysts anticipate another interest rate cut at the upcoming European Central Bank (ECB) meeting, which could impact the real estate market and financing conditions. (idealista.com)
9. The Government to present the Housing PERTE in April
The Spanish Government plans to present the Strategic Project for Economic Recovery and Transformation (PERTE) for Housing in April, aiming to boost the real estate sector and address current housing challenges. (idealista.com)
10. Latin American investment in the real estate market tripled in 2024, according to CBRE
Investment from Latin America in the Spanish real estate market tripled in 2024, according to CBRE, highlighting the growing interest of international investors in Spain's real estate sector. (idealista.com)
These news highlights reflect the current trends and evolution of the Spanish real estate sector, showcasing opportunities and challenges in the market.
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