Real Estate
Housing prices grow faster than incomes in Spain's richest municipalities
In Spain's richest municipalities, housing prices have risen up to 30% more than incomes over the past year, according to data from the Tax Agency and Idealista. This gap worsens perceptions of inequality, with over half the population feeling social mobility is broken. An Oxfam Intermón survey identifies housing as the main source of inequality in the country.
Belmazad and Cairo Finance launch integrated real estate auction platform
Belmazad, a company specializing in online real estate auction management and marketing, has signed a partnership agreement with Cairo Finance, a subsidiary of Banque du Caire, to launch an integrated digital platform for the sale and financing of repossessed real estate assets. The collaboration aims to streamline the marketing and sale of properties from defaulting clients while offering comprehensive financing options for buyers. The platform will debut with an administrative building in Mansoura City within 10 days.
Real estate listings feature AI-generated videos
House hunters are encountering AI-generated content in real estate listings, including fake video walk-throughs and hallucinatory features. A typical example involves a vertical video of a dream home in Franklin, Tennessee, narrated by a smiling agent. These elements appear almost too perfect, signaling a new era of AI slop in the housing market.
Around 50% of companies plan to expand office spaces in three years
A CBRE survey reveals that 50% of companies in Colombia plan to expand their workspaces in the next three years, with no reductions anticipated. Over 50% expect employees to attend the office at least three times a week. Bogotá's office market shows post-pandemic recovery with new construction and high occupancy in premium buildings.
September registers one of the best months for real estate deeds in a decade
Buenos Aires' real estate market showed a strong rebound in September, with nearly 7,000 deeds, one of the three best months in the last 10 years. Experts highlight the role of mortgage credits and the sector's stability amid economic uncertainty. Developers see opportunities in low prices and properties' dual function as investment and shelter.