In 2024, a 20% growth in modular home manufacturing is expected, and forecasts indicate that by 2030, 40% of new homes in Spain will be prefabs. In this context, Kyabin was born, a 36-m2 modular house built in just 30 days and installed in one, powered by American Building System (ABS) and produced in its factory in Azuqueca de Henares, Spain.
New official data confirms the fall in property transactions during 2023. On this occasion, the Land Registrars closed last year with a decrease of 9.8% compared to 2022.
The challenge of electric mobility finds an obstacle in the impossibility of many households to install an electric charger for their vehicle in a space on their property. More than half of the homes in Spain (55%) do not have a private parking space where they can install an EV charging system, according to an idealista study. The provinces of Malaga and Pontevedra (both with more than 60%) have the biggest residential park with a garage for EV charging points, while Madrid (40%) and Barcelona (30%) remain below the national average.
Altamira, doValue's real estate servicer in Spain, has announced plans to launch a new campaign offering discounts of up to 50% on more than 2,000 residential and commercial properties.
Among the selection made for this campaign, the most important are commercial properties (699 units) and homes (1
Madrid and Barcelona are among the top 10 cities in the world where the price of luxury housing will grow the most in 2024, according to forecasts from Savills' 'World Cities Prime Residential' index.
I feel compelled to preface this article by stressing that buying rural property in Spain has associated higher legal risks as opposed to buying urban property; specifically when it comes to buying a dwelling.
According to the latest Global Property Handbook report by Barnes, Madrid has been ranked the fourth favourite city by high net worth individuals (HNWI), or in other words, wealthy people, to buy a home.
Despite the challenges posed by the cost of living crisis, escalating house prices, and inflation, the Spanish property market still presents significant opportunities for finding affordable homes for sale.