BBVA forecast a further 2.5% rise in Spanish property prices in 2017
According to a new property market analysis conducted by leading bank BBVA, 2017 is forecasted to be a positive year for the real estate sector in Spain. With a projected 2.5% rise in Spanish property prices in 2017, BBVA expect conditions to see further improvement and stability within the real estate sector over the coming year.The analysis attributes an improving economy and a reducing stock of unsold homes as the main characteristics ...
Government figures show sharp rise in Spanish property sales in January
Varying new sources of data regarding prices and sales continue to show a sustained upward trend for the Spanish property market.The latest data released by the Spanish notaries show residential property sales increased by a significant 16.8% in January compared to the same period last year, with a total of 33,670 properties sold. Property prices have also risen by 1.8%, for the eighth consecutive month - with the average property now ...
Costa del Sol's Tivoli World to get €300 million makeover
Tivoli World, one of the most iconic amusement parks in Southern Spain located in Benalmadena is set to receive a €300 million upgrade. Madrid-based firm Tremon plans to completely modernize the treasured local amusement park while also adjoining a neighbouring piece of land to develop an additional commercial and leisure centre.The complex will cover more than 152,000 square metres on the east side of the park and include new ...
Residential property developer announces plan to return to stock market
Bilbao-based construction company Neinor Homes have announced plans to float 60 per cent of its share capital on the Spanish stock exchange, setting the Spanish property market on a trajectory of profitable times ahead.The plan comes as vast amounts of foreign investment continues to flow into Spanish residential real estate, and marks the first time a residential property developer has gone onto the stock exchange in ten years.According to ...
Apollo set to buy property developers and hotels in Spain
Apollo, one of the largest fund managers in the world, has emerged on the Spanish real estate market as a major new player alongside, Värde, Castlelake and Lone Star.Led by Andrés Rubio in Spain, Apollo is currently analysing the purchase of its own property developer according to sources familiar with the entity. The firm plan to use a fund currently worth €2,700 million for the acquisition of real estate assets, with the intention ...
