Real Estate Insights

The coronavirus has changed the way we live our daily lives and has wiped out countless business sectors, including the property market. Brokers, buyers and sellers fight powerfully to do business. Open houses, or at least circumscribed, are being phased out; Brokers are touring the properties through FaceTime for interested clients. And, in the suburbs,…

Postponed The largest real estate fair in Spain

The Madrid Real Estate Exhibition (SIMA) is postponed. Despite the fact that the 22nd edition of the fair was scheduled to be held between 7 and 10 May in Hall 10 of the Madrid Fair (Ifema), the organization has decided to delay the fair due to the expansion of the coronavirus: the new appointment will…

Real estate agencies ask the government to suspend the rental of businesses closed by the coronavirus. (SPAIN)

Since the government decreed the state of alarm, Spanish real estate companies have stopped operating for the public. There is no intermediation between professionals or between individuals. Everything has stopped. Faced with this situation, the real estate agencies ask the Government to suspend the payment of leases for premises and also for housing. From AMADEI…

Coronavirus alert paralyzes the sale of flats. (SPAIN)

The state of alert has paralyzed the sales of flats: the real estate agents have canceled the visits and the notaries all the operations that are not considered urgent, among which the signing of merchantings and mortgages are included. Real estate experts, such as the Fotocasa portal, move forward as apartment sales may drop as…

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Saudi banking giant on $ 200bn merger

National Commercial Bank, Saudi Arabia’s biggest lender, has ended talks in order to merge with Riyad Bank, a deal that would have created a lender with more than $200 billion in total assets. The boards agreed to terminate talks, according to a statements to the Saudi stock market, without giving further details. Talks between the…

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