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The company operates a Real Estate Investment Trust (REIT) and its activities are divided between property rental, as well as land and development. [ 3 ] Colonial Group recorded the closing of the third quarter of 2015 with a net result of 213 million euros, which meant an increase of 354 million euros compared to the previous year.
It launched Trovit Spain as well as Trovit UK on March 30, 2007, and in 2016 was present in 51 countries worldwide. [4] Trovit generated revenues of €17.6m and EBIT of €5.9m in 2013. [ 5 ] On 7 October 2014, 100% of the classifieds aggregator announced the acquisition by publicly listed Japanese real estate information services provider ...
Evolution of the price of square meter in Spain, in euros Stages of a speculative bubble. The Spanish property bubble is the collapsed overshooting part of a long-term price increase of Spanish real estate prices. This long-term price increase has happened in various stages from 1985 up to 2008.
The expression Spanish real estate crisis or property crisis that began in 2008 refers to the set of economic indicators (sharp fall in the price of housing in Spain, credit shortages, etc.) that, with all their severity in 2010, would evidence the deterioration of real estate expectations and of the construction industry in Spain [1] in the context of a global economic crisis and the property ...
Barcelona is served by Barcelona-El Prat Airport, about 17 km (11 mi) south-west of the centre of Barcelona. It is the second-largest airport in Spain, and the largest on the Mediterranean coast, which handled more than 50.17 million passengers in 2018, showing an annual upward trend. [ 156 ]
Unfinished buildings due to the crisis in A Coruña.. The residential real estate bubble saw real estate prices rise 200% from 1996 to 2007. [19] [20]€651 billion was the mortgage debt of Spanish families in the second quarter of 2005 (this debt continued to grow at 25% per year – 2001 through 2005, with 97% of mortgages at variable rate interest).
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The first five years of the new millennium mark one of the best periods in Metrovacesa's history. In 2003, following the absorption of Bami, Metrovacesa became the largest real estate group in Spain, consolidating its international position with the acquisition of 30% of the leading French real estate company Gecina in 2005, a stake that later exceeded 60%.
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