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Spanish property developer Metrovacesa announces intention to float on Spanish stock exchange

Spanish property developer Metrovacesa announces intention to float on Spanish stock exchange

Metrovacesa, a Spanish residential developer announced plans this week to re-list on the stock market, according to a recent Reuters report.The news confirms renewed confidence in the Spanish property market, with a significant resurgence in foreign investment and thriving residential construction levels across the country.Metrovacesa has a net asset value of 2.7 billion euros and has already appointed banks for its IPO. The company's ... [Read More]

Spanish Property Market Report: January 2018

Spanish Property Market Report: January 2018

With the start of the new year, foreign buyers and investors alike are keen to know what 2018 will hold for the Spanish Property Market. In that respect, the official government statistics over the past year shows great promise for increased investment, with a massive rise in sales transactions by foreign buyers. With the remnants of the Financial Crash starting to seem more and more like a distant memory, confidence in the Spanish ... [Read More]

Inditex owner Amancio Ortega invests €100 million into Spanish real estate business

Inditex owner Amancio Ortega invests €100 million into Spanish real estate business

Fashion magnate, Amancio Ortega recently invested up to 100 million euros into the Spanish arm of Pontegadea España, the founder of the Inditex fashion empire's real estate business.On par with the likes of billionaires such as Bill Gates and Carlos Slim, Ortega owns Zara among other recognised high street brands and is recognised as one of the world's wealthiest men. According to Spain's Central Mercantile Register, Ortega has recently ... [Read More]

Malaga airport registers a record-breaking 17 million arrivals in 2017

Malaga airport registers a record-breaking 17 million arrivals in 2017

Some 17.6 million passengers have flown through Malaga airport between January and November 2017, up by almost 1 million during the same period last year.The surge in tourism in the region is a testament to its international draw as well as its continually improving infrastructure. Malaga airport underwent a significant renovation over the last decade and is currently due to receive an 8.4 million euro upgrade. The renovation of Malaga's ... [Read More]

Further Data Confirms Forecast for 2018 Spanish Property Market Positive

Further Data Confirms Forecast for 2018 Spanish Property Market Positive

Demand for Spanish property has not reached today's levels since before the financial crisis hit in the third quarter of 2008. Just over 510,000 Spanish homes were sold between September 2016 and September 2017, 121,000 of which were bought during 2017's third quarter, according to new figures released by Spain's Development Ministry.The surge in property sales across the nation since the beginning of October marks a 16 per cent increase on ... [Read More]

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