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The Euribor will remain negative in 2021 and will keep mortgages stable

27 Feb

It’s been five years since the 12-month Euribor made history by first entering negative territory. And it has reached the anniversary breaking a record by breaking the barrier of -0.5%. Since February 2016 it has remained stable below 0%, dragged down by the ultra-lax policy of the European Central Bank (ECB), which has frozen interest rates in the euro area…

The influx to shopping centers sank 34% in 2020

27 Feb

The shopping center business was one of the most affected by the pandemic last year. The decrease in the influx sank to 1,292 million visits, 34% less than in 2019, mainly due to sanitary restrictions and also to possible changes in consumption due to the health crisis. Likewise, there was a drop in sales in these commercial assets of 28.9%,…

Acquiring or renting a house in times of pandemic is the question for debate

27 Feb

Buy or rent? It is the question of everyone who is considering a change of home and that now generates greater concern about the pandemic. Spain, traditionally, is a country of landlords, although interest in rent is increasing. To achieve the answer to this question, it is necessary to assess both the personal and financial situation of the interested party…

The tile has an impact of 3,800 million which is 2.7% of the industrial GDP

27 Feb

The total impact of the tile and ceramic flooring sector on the Spanish economy amounted to more than 3,800 million euros in 2019, which is equivalent to 2.7% of the Spanish industrial GDP, according to a study carried out by the consulting firm PwC. The report estimates the direct impact at 1,250 million euros and the indirect impact at 1,931…

Breogan Park: commercial park with BREEAM ‘Excellent’ seal in New Construction

27 Feb

The Breogán Park commercial park has obtained the BREEAM® certification with an “Excellent” rating in the New Construction category, becoming the first new construction commercial park to achieve this in the design phase in Spain. This project, located in the A Grela business park (A Coruña), will mobilize an investment of more than 100 million euros. In addition, it will…

Justice applies the ‘rebus sic stantibus’ clause so that a hotel pays half the rent for the pandemic

27 Feb

The Provincial Court of Valencia has applied for the first time the clause called ‘rebus sic stantibus’, by which it cautiously grants the postponement of the payment of half of the rental income to a hotel company due to the Covid-19 pandemic. In its resolution, the court confirms the order of precautionary measures issued on June 25 of last year…

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