Posts Tagged ‘Real Estate’

Spain one of top property investment hubs

Spain one of top property investment hubs

It’s not really surprising that Spain’s real estate market has become one of the most attractive in the world, given that property prices are still only slowly recovering from an almost 40 percent decline at the height of the crisis, and the country’s economy is now back on the path to growth. According to consultancy firm CBRE, Spain is now the sixth largest real estate investment market in the world.

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Investment in Spanish hotels surges

Investment in Spanish hotels surges

Foreign investors have been aggressively investing in Spain’s hotel sector, keen to cash in on the positive trend in two key industries: real estate and tourism. Property investment is continuing the recovery begun in early 2014 and is on track to beat its pre-crisis peak. And it’s not just the residential sector that investors are targeting, but also commercial real estate in the big cities like Madrid and Barcelona, as now affordable assets go on the block.

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Legal project management: focusing on the client

Legal project management: focusing on the client

The concept of project management has been around for a long time in the global business world. In a nutshell, it refers to the careful planning, organising, motivating and controlling of resources, human and financial, to achieve specific goals and success criteria. And over the last few years, project management has become a key element of a new approach to working in legal services with a focus on solutions and creating customer value.

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Spain Property Investment to Beat 2007 Peak

Spain Property Investment to Beat 2007 Peak

Real estate investment in Spain is continuing the recovery begun in early 2014 and this year is on track to beat its annual record of over 10 billion euros reached in 2007. No mean feat considering the battering the industry took when a decade-long property bubble burst, depressing prices by up to 40 percent at the height of the crisis and attaching a “toxic” tag to many assets finally assigned to the books of Spanish banks. Consultancy firm CRBE expects real estate investment to rise to around 12-14 billion euros in 2015, with the number of transactions also outpacing pre-crisis levels.

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Spanish Property Prices Continue to Rise

Spanish Property Prices Continue to Rise

Spain’s property market is continuing the recovery started mid-2014, as the uptick in prices consolidates and foreign buyers return to the scene. Resales seem to be the flavour of the month, according to data from the Property Registrar’s Association for the first quarter of 2015. Prices rose 2.65 percent in January-March from a year earlier, with residential home sales increasing 9.05 percent to 90,534 transactions.

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Spain Commercial Premises Investment Grows

Spain Commercial Premises Investment Grows

Investment in commercial premises in Spain rose to 1.33 billion euros in 2014, an increase of 330 million euros from a year earlier, fuelled by attractive rental yields and the positive economic outlook. Financial services providers like family offices and investment funds were the most active players in the market, according to a May report by property consultants Aguirre Newman. And as Spain’s economic recovery continues, boosting consumer demand, top domestic and international retailers have been jostling for positions in prime areas in capital cities like Madrid and Barcelona.

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AXA Completes Buy of Santander Assets

AXA Completes Buy of Santander Assets

Axa Real Estate has given a vote of confidence to Spain’s recovering property market with the acquisition of 381 branch offices from the country’s biggest bank Santander. Axa Real Estate, the largest real estate portfolio and asset manager in Europe, brokered the 308 million euros deal on behalf of a joint venture involving two of its institutional clients. Most of the offices are located in major cities like Madrid, Barcelona and Malaga, but there are also some in prime locations in smaller towns across Spain.

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Volkswagen Increases Spain Investment

Volkswagen Increases Spain Investment

Spain’s automobile industry received a double dose of good news last month: another extension to the government’s sector subsidy scheme and a 4.2 billion euros five-year investment commitment from Volkswagen! The German car manufacturer has earmarked the cash for improving installations and R&D at its two plants, one of which is its Seat factory in Martorell, near Barcelona, and the other in Pamplona in Navarre, home to the VW Polo. Spain is a key market for Volkswagen and its latest project – which has been touted as the largest ever industrial investment in the country – will guarantee the future of the group’s facilities.

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Spain Economy to Outperform Eurozone Peers

Spain Economy to Outperform Eurozone Peers

Spain’s economy is set to outpace that of its eurozone rivals in the next two years, according to the International Monetary Fund (IMF). As the country’s recovery continues and the outlook for the jobs market improves, albeit slowly, Spanish GDP will grow 2.5 percent this year, up from a January estimate of 2.0 percent, the IMF said in its April World Economic Outlook. For 2016, growth is forecast at 2.0 percent compared with a previous estimate for 1.8 percent.

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Spanish Housing Market Sees Yearly Rise

Spanish Housing Market Sees Yearly Rise

For the first time in four years, the sale and purchase of houses in Spain rose in 2014, reflecting the improved outlook for the real estate sector and for the economy as a whole. The number of operations increased by 2.2 percent to 318,389 last year, with second-hand property transactions the main driver behind the recovery. So is the country’s property sector downturn finally a thing of the past?

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