News 1
As in Altea there is what there is in terms of housing, and the supply is still scarce, as are the sales, as soon as something is sold the price of the next similar property, instead of going down, goes up… (atrocious)
In Spain, the second-hand home market, which accounted for 79.3% of the transactions closed in May, is the one that most notices the slowdown in sales.
“The most affected market is that of used homes because the rise in prices is putting a lot of strain on this market in which the quality is very heterogeneous,” says Consuelo Villanueva, director of Institutions and Large Accounts at the Appraisal Society.
In May, 34,908 houses were sold, 23.2% less than in the same period of the previous year. So far this year the drop is 6%, according to the INE.
Furthermore, the cost of construction continues to record historical highs, after detecting increases of around 30% in four years. “This has a dent in real estate development,” says Villanueva, who insists that the housing problem is a problem of supply and lack of land generation.
The market is stagnant, although experts draw a somewhat different outlook for the second half of the year.
Sociedad de Tasación speaks of “a second semester of recovery and an incipient expansion of real estate and mortgage activity”
So friends, if you don’t buy now, get ready to spend a lot more money starting in September!
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News 2
The Government is working to prohibit tourist apartments in buildings with neighbors
It is considered to modify the Horizontal Property Law to veto tourist apartments in communities of owners
The Minister of Housing and Urban Agenda, Isabel Rodríguez, confirmed this Tuesday that the Government is considering a modification of the Horizontal Property Law to veto tourist apartments in communities of owners, considering that the homes carry out an economic activity.
The redness is already out, no, if you have to live on subsidies….
And well controlled!!
In two rulings, the magistrates concluded that the rental of housing for tourist use is an economic activity, which is why they agreed with two communities of owners, and ordered the cessation of tourist rental activity in several apartments.
“From there, it will be the neighborhood communities that will also be able to participate in these types of decisions, because this phenomenon, which is not exclusive to our country, affects the entire world and the main capitals in Europe. “, has explained.
Along these lines, Rodríguez has criticized that the proliferation of tourist apartments is colliding with the right and access to decent housing, is raising the price of rentals and limiting the supply of residential rentals.
Political demagogy or pure truth?
For me both things!
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News 3
“Antonio Banderas’ Marbella house built in the time of Jesús Gil is demolished”
These days the news has broken.
Friend Banderas’ big house has been demolished. It was located in front of the sea, directly on Los Monteros beach.
The fact is that it comes from the time of Jesús Gil. It seems that he granted licenses by force of…
The house was authorized by Encarna Sanchez, the famous radio host. (last name curiosity)
I remember that I was about to go live in Marbella when I decided to return to Altea, and I ruled it out when reading a news article that explained that the friend changed the ownership of the properties directly in the Registry.
In other words, you had your house, and one day you found out that it was no longer yours.
What a bird that colleague!
Thus, “with a good eye,” Antoñito has lost about 15 M… poor man!
And I don’t know the details, but I imagine he bought it legally.
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News 4
Idealista: The price of used housing rises 7.5% year-on-year in June 2024
According to the latest idealista price index, the price of used housing in Spain registered an increase of 7.5% year-on-year during the second quarter of the year.
Housing prices have increased by 2.9%, rebounding slightly in the second quarter, driven by tourist areas.
Spain thus reaches a new historical maximum.
In May 2024, the price of housing had already increased by 10.88% compared to last year.
In Alicante they rose by 16.9% and in Valencia by 14.7
There it is!
(The one above is a real estate agent trying to convince the seller….
And the seller’s response: hahahaha)
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News 5
I don’t even comment on this.
Draw your own conclusions:
Yolanda Díaz’s SMI increases increase the labor cost of small businesses by 21%
Cepyme highlights resilience to keep pace with job creation, with more than nine million employees grouped in SMEs
The employers warn of the damage of the reduction of working hours for the competitiveness of businesses
While in small companies with up to 50 employees total costs have increased by 23.8% in the last three years, for medium-sized companies (up to 200 employees) the increase is 19.8%.
It is worth remembering that the Government has promoted substantial revaluations of the SMI since the arrival of Pedro Sánchez to La Moncloa until it stands at the current 1,134 euros per month in 2024. Which translates into an increase of 54% since 2018.
https://www.abc.es/economia/subidas-smi-yolanda-diaz-disparan-coste-laboral-20240718134710-nt.html
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Good luck and fight hard!
Have a good week.
Abel