The price of rents has risen by 9% and reached highs in June, up to €12.65 per square meter, according to data from Fotocasa, which has specified that a home of 80 square meters already costs €1,012 per month. “For the first time in history, the price of rent now exceeds the tacit barrier of one thousand euros per month,” explains the director of studies and spokeswoman for Fotocasa, María...

The British asset manager Cinven will buy the Spanish real estate portal, in a transaction that values the company at €2.9 billion, making it the largest acquisition in the history of an online company closed in Spain. The price at which the transaction has been finally closed implies multiplying by 2.2 the valuation of Idealista when the Swedish fund EQT took control of the company in September 2020, for €1.3...

Link Securities | According to data from the General Council of Notaries, released on Thursday by Expansión, the number of home sales and purchases fell by 13.7% in March in year-on-year terms, to 56,559 units, while the granting of mortgage loans for the purchase of housing fell by 4.5%. By type of housing, sales of flats fell by 13.9% year-on-year to 43,761 units, while single-family homes fell by 13.2% to...

Link Securities| LandCo, the land development subsidiary of Banco Santander (SAN), has reached profitability three years ahead of its business plan, according to Expansión newspaper. LandCo manages 10,000 plots of land, after selling 4,000 assets since its creation in 2020. The real estate company expects to close land sales for more than €200 million this year. The firm’s land portfolio stands at €1.7 billion, compared to €2.1 billion originally. The...

BancaMarch| The sale and purchase of housing has fallen sharply in Spain. In July, housing sales stood at 48,303 units, a fall of -10.5% compared to the same month last year and which intensifies the drop in sales and purchases in the year to date to -5.3%. By type, 17% of the dwellings transferred by sale and purchase in July were new and 83% were used, with the number of...

Alphavalue/DIVACONS| The price of housing increased by +7.9% in the first eight months of the year and by -0.2% between July and August, placing the price at €2,145/square metre, according to data from the Fotocasa Real Estate Index. This last monthly value (-0.2%) is the first fall detected in the last two years (since January 2022) and the price rise in the first eight months is the most moderate in...