parking spaces
Written by Contact Us

Parking spaces, profitability and prices

Like an accordion, political changes cause modifications and affect the real estate sector. The case of Central Madrid reflects this situation. The decision of the former municipal government of Manuela Carmena to close a large area of ​​the capital to traffic, meant an increase in the price of purchase prices and rental of parking spaces. Now, the tables have changed and a new question arises: if the situation is reversed, what will happen to the garage market in that area?

A question that industry experts, including Luis Corral, CEO of Contact Us, have addressed in the magazine Inversión. But not only Madrid, profitability and prices are also analyzed throughout Spain.

Key questions for those who want to invest in this market segment. What should you keep in mind? In what areas? The profitability of the garages oscillates, on average, between the 5 and the 7%, above the 4% of the floors. But yes, you have to analyze what is bought and where.

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keys of the real estate market
Written by Contact Us

Keys to the real estate market

Luis Corral, CEO of Real Estate, believes that we should look for stability, with logical and not pendular oscillations. «Our sector depends a lot on the economic situation, and this seems to weaken». From his point of view we should ask ourselves where we come from, where we are and where we are going. And learn from the mistakes of the past. These are some keys of the real estate market exposed in the section #In front of the mirror de Caralin Group.

Consider that the residential real estate market has already been consolidated. In the last two years, only the big cities pulled the market. Now there are more areas at stake and new housing is being produced again. Example of them are Burgos, Valladolid, Zaragoza, Córdoba ... And not only in the provincial capitals. On the coast, especially in the Mediterranean, the supply is increasing, after years in dry dock.«Everything had seemed infinite, until it touched" to cross the desert "»

«At Foro Consultores we believe that we are in a solid cycle. But there is a vital challenge. Let's make an exhaustive analysis of who the future clients are and how far their purchasing power goes. The investment decisions that are made now and are based on price increases of the annual 10%, will fail without a doubt. The promoters should buy land to sell today, not thinking about future revaluations. That would avoid the risk of a new "bubble" and repeat past situations ».

These are just some of his reflections, the rest you can read in the entire rostrum.

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Rental housing
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Are you going to rent a house? Some key issues

The demand for rental housing is increasing, although the offer does not accompany, especially in some areas. This may cause some precipitation so as not to lose the house. Hence, before signing, it is necessary to check some points. In addition, the new decree introduce changes you should know. These are some of the key issues.

Location and control of housing

Is it a noisy area? What is the neighborhood like? Is everything in order? Do the appliances work? ...

Everything in writing

The words are carried in wind. And in the contract should be clear everything that includes a rental and agreements between tenant and landlord. Below, you can read the most relevant sections:

Price.- It is necessary to specify monthly payment, day and method of payment and the mechanism of the annual review of the rent. Also, what is the bail or endorsement.

Expenses.- Who pays for community, the IBI or the garbage tax?


The words are carried in wind, so everything must be reflected in the contract

Duration.- The end of the rental agreement will be established between the owner and the tenant, always respecting the law, where there are changes. For example, it expands from three to five years the duration of the contracts. If the property is a company or legal entity, the time is longer (seven years).

Are the supplies discharged? Is ownership changed? or are they still in the name of the owner and does the tenant provide an account number for domicile?

Arrangements.- This aspect tends to be a source of controversy between tenants and owners. Who is responsible for repairs? What the contract says will be key.

Recover the property.- Here there are modifications with the current regulations. If the owner wants to recover the house, he must leave it in writing in the contract and give four months' notice.

Extension.- If on the expiration date of the contract, or any of its extensions, (after at least five years, or seven years if the lessor is a legal entity), neither party has notified the other, its will not renew it, the contract will be extended for annual terms up to a maximum of three more years. And, with how much time should it be done? At least with four months in advance in the case of the lessor and at least two months in advance for the tenant,

Unless the lessee manifests to the lessor one month before the date of termination of any of the annuities, his wish not to renew the contract.

Use of housing and inventory.- The use of the tenant is permitted in the contract. In the event that it is a furnished apartment, it is important that the contract has an annex in which all the equipment is specified.

All these points you have broken down in our collaboration in Fotocasa.

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flat houses
Written by Contact Us

Sales of flat houses are normalized

The pace of sales of homes on flat begins to moderate or normalize compared to last year, especially in some large cities and the Costa del Sol. The increase in supply and price increases may be one of the causes.

To this it is added that in the previous years everything was sold because it coincided with the exit to the market of the dammed demand. Customers who had been waiting for the arrival of new housing for years, after years of construction paralysis. Obviously these have already bought and now, sales are a little slower.

And the real estate market, as I said a few months ago Carlos Smerdou, CEO of Contact Us, se moderate because it has consolidated.

But, what does the sector think? Luis Corral, CEO of Foro Consultores talks about the "two Spains", the one in which the real estate recovery has not yet started or is very limited and the one where prices have grown rapidly in recent years. It points to Madrid, Barcelona, ​​Valencia, Malaga, Seville and Cordoba where "the market is closing a little," he says. "There are many people who at certain prices or can not buy or banks do not let them," he says.

If you want to know the opinions of the rest of the experts, you can read them in the report of Alfonso Simón in Cinco Dias.

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homes and real estate market
Written by Contact Us

New homes and the real estate market: the great challenge

The housing demand is still active and the new housing construction market is also active. However, the evolution in the creation of new homes in Spain has contracted very significantly, essentially due to a change in the demographic structure. Homes and real estate market go hand in hand.

The projections of the National Institute of Statistics (INE) for the next 15 years point out that the 120.000 will not surpass new homes per year. Figure that contrasts with the 420.000 that were created annually in the decade of the 2000, although today that figure is still in the 95.000 new homes.

The number of new homes in Spain has contracted significantly

The great challenge for the sector will therefore be how to manage, rotate and rehabilitate existing houses, and adapt them to smaller and smaller households. And what kind of new housing should they build? According to INE data, the average household size in Spain is 2,5 people, but in 15 years, one in three will be formed by one, therefore, it will be necessary to "adapt the buildings to the need for a smaller house", Luis Corral, CEO of Contact Us.

All the information on this topic, with graphics showing evolution, you can read them in Five Days from the hand of Elisa Castillo

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Tetuan
Written by Contact Us

Tetuán, one of the most profitable districts of Madrid

It has become one of the most profitable districts in Madrid. It has still affordable prices, it is inside the M-30 and, in addition, it has many interested in living rent in the area. These arguments make Tetuán one of the most attractive areas.

In addition, it is possible to buy new housing from 145.000 euros and below 400.000 euros. Yes, in small promotions where there is no space for pool or gardens. According to the gross rental income, is located at 4,3%, the highest in the entire center of Madrid

The cranes have returned to the neighborhood

According to data from Foro Consultores, there are currently more than a dozen promotions underway that add 250 new homes. The vast majority are projects of a very small size and with an average price of 248.000 euros.

In addition, only two stand out for their size. Jardines de Tetuán and Jardines de Cuatro Caminos, of 64 and 94 units, respectively. «The projects in progress are very small promotions. Without common areas and with affordable prices«, Explains El Confidencial Pablo Presa, director of the Research and Evaluation department of Foro Consultores. "Everyone is helping to regenerate the neighborhood and most of it is built on very small lots belonging to old houses."

All the information about this district of Madrid, you can read it in the report of Elena Sanz in El Confidencial, with the participation of Pablo Presa, Contact Us, among other experts in the sector.

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Image: Gardens of Cuatro Caminos. Promotion Foroprovivienda

Financial entities
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Housing: banking learns from the past

The moderation of the real estate market does not seem to have problems on the side of banks. Getting financing is more complicated due to the greater demand and prudence of financial institutions.

The panorama has changed both for the promoters and for the final client. In the case of financing to the developer, own funds are required, with a minimum of 20%, which extend in the case of the purchase of land up to 50%, with a pre-sale criterion between an 30 and an 70% in promoter function. Previous scoring has been extended to all, including the builder, a practice that was used shortly before; In short, it is about minimizing risks when granting credit ", explains Luis Corral, CEO of Contact Us.

This is only a summary. The complete analysis, as well as the opinion of different experts of the sector, you can read it in The Real Estate Month by Month of the labor Yolanda Duran

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And if you want to have more info, do not miss our Blog y Press Room.

If you are looking for a house, enter Foroprovivienda

flat houses
Written by Contact Us

Buy to rent: profitability and risk

Buy for rent. It has always been a very popular formula to invest in brick. But how achieve profitability and avoid risks. The analysis is fundamental because things can change.

Luis Corral, CEO of Foro Consultores, explains that the decrease in profitability is due to the fact that the housing for sale continues to increase while rents have moderated a little because of the drop in demand.

However, the CEO of Foro Consultores asks not to forget that this drop in profitability is not a trend and that "There are many Spains, so you should keep in mind that the real estate market is not homogeneous, since while there are areas that are expelling the population, others are receptors ».


It is better to choose enclaves that have a certain volume of population, from 50.000 inhabitants and try to acquire the property in the area where you live, you know it better and you will save paying someone for the management.

Luis Corral, CEO of Foro Consultores

All tips that you must take into account to obtain profitability and calculate the risk, you can read them in the report of Invertia / El Boletin with the collaboration of Luis CorralCEO Contact Us

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Image: promotion in Denia @crdeprada

value and price of a home
Written by Contact Us

Objective aspects that increase the value of a home

Value and price are two concepts that are sometimes confused. To avoid this, let's look at the objective criteria that increase the value of a house. Whether to sell or to buy, what is the value and price of a home?

Location.- Where is a property is fundamental. But, it must go hand in hand with good communications and services.

Antiquity.- If it is a second-hand building, the years of construction count. Real estate, the more years they have, the less they are worth. The new ones are more expensive, but here there are exceptions, it depends on the neighborhoods.

Santa Engracia street building in Madrid. Photo @crdeprada

Size and distribution.- And if the exterior is important, surface and distribution is another element that must be taken into account.

Remember, it is not good to confuse value and price

How is the floor.- A renovated and well-preserved apartment has a higher value.

Orientation, height and views.- A good orientation with lots of light increases the amount of the floor, among other things, because it will help us save energy. If we talk about attics, the price is increased by the terrace, privacy, views and exclusivity. Not to mention status.

Sustainability and energy saving.- Every day there is more sensitivity at this point.

But, apart from the objective criteria, there are the subjective and on them each one pays what is best for them.

All these points, we have broken them down in our collaboration in the Fotocasa Blog

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Are you looking for a house? Do not miss the offer of our website Foroprovivienda

And if you want to be up to date with what's happening in the sector. Enter the Press Room and Blog of Forum Consultants

Housing: invest to rent
Written by Contact Us

Invest to rent

Housing: invest to rent. It is an option that many raise. A way to have additional income and even a retirement plan.

But then comes the million dollar questions: does it make up for it? Is it profitable? Are the changes in the regulations on rent They could affect? Is profitability still high or is it falling? And, what is the price trend in this market?

These and other questions, you can read on the cover of the Investment Magazine. Experts from the sector, among them Luis CorralCEOContact Us, they give us the keys. In his opinion, the new decree will cause individuals to withdraw offers from the market. Legal security is in question.

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