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The labor cost of real estate activities increased by 21%

In the second quarter of 2022, the labor cost for each worker in real estate activities was 3,050.11 euros per month, 12% more than the period of the previous year, and 4% more compared to the first quarter of the year, according to published data from the Quarterly Labor Cost Survey (Etcl) carried out by the National Institute of Statistics (INE). The segment ratifies the upward trend registered in the last quarter of 2021, in which it registered a rise of 3.5%, and which continued in the... Read more
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The ‘sprint’ in the purchase of houses: an option to flee from the rise in mortgages?

Sprint
The ‘sprint’ in the purchase of houses has gained fame among buyers during the first four months of this year, and this is because many have seen it as a viable alternative to escape the rise in mortgages. Added to the rise in mortgages, which was felt in May and which will intensify in the coming months, is another problem: the lack of homes for sale. It is estimated that the current ‘stock’ is barely 2.5% of the total park and many of them in areas that are not... Read more
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Real estate market in Tenerife: they rent a sofa for 250 euros

Mercado inmobiliario
The shortage of new homes in the Canary Islands is causing an upward rise in prices that people cannot afford to cover a basic need for survival such as being under a roof and living in a dignified way. This situation is causing new cases that exceed science fiction. The last one is an advertisement for the rental of a sofa in a house in La Caleta, Adeje, Tenerife. It is not even about renting a room, but about a sofa in the community space of a house. “We rented our sofa to... Read more
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Real estate scam in Tenerife: Recommendations to avoid scams

The Team of the island of Fuerteventura, in the framework of the ‘Nanur’ investigation, identified a person residing in the province of Madrid, as the alleged perpetrator of a crime of fraud. According to the investigation, said person defrauded a resident of Fuerteventura by asking for a transfer of 2,100 euros for the rental of a home that does not exist in Tenerife. The investigation of said real estate scam in Tenerife, began after the Civil Guard received the victim’s... Read more
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They discover millionaire real estate scam in Tenerife

The National Police has dismantled in Tenerife a continuous scam of more than 800,000 euros carried out by a couple who acted as external agents of a recognized real estate company. The marriage requested money as signs or reservations and then seized the money of their victims. The agents of the National Police began to receive similar complaints from people who stated that they had signed penitential deposit contracts for the purchase of houses, delivering large sums to a real estate... Read more
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Empathy and trust in competitive environments

Is it possible to survive in a competitive environment and at the same time develop the empathy and confidence to collaborate with others? In the business environment we deal with competition as an organization but what we are not aware of is that our organization is made up of people who are competing every day. My question is: Who are we competing against as professionals? Against others or against ourselves? I want to make you reflect because perhaps your competitor is not out of you.... Read more
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How the rental price limit impacts the real estate sector

The Rental Negotiating Agency (ANA) expressed its dissatisfaction with the recent limitation on the rental price increase of 2% imposed by the Government for the coming months. In his statement, he stated that this measure seriously affects the development of the current real estate market. The general director of the Agency, José Ramón Zurdo, criticized that this measure “freezes” the rental market and makes owners lose up to six percentage points in their profitability. He... Read more
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The effect of the funds on the stability of the real estate sector

In a recent interview, the president of Gestilar, a developer from Madrid, Javier García-Valcárcel, spoke about the growth that the company has had in recent years, which has managed to build more than 3,000 homes. The director pointed out that stability is a key factor for the sector to maintain the good health it currently enjoys, and it is clear to him that the real estate sector is today fully prepared to overcome future changes in the cycle thanks to the large institutional... Read more
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The real estate sector facing the risk of legal uncertainty

The Spanish real estate sector continues to be an attractive area for investment. With solid foundations, the sector remains stable in the face of a possible crisis that could be generated by inflation or the rise in rates. However, different experts in the sector highlight a risk to take into account that can impact their behavior: legal insecurity. “Spain continues to be a focus of attraction for international investors,” says Antonio Sánchez Recio, partner in charge of PwC... Read more
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No one can convince another to change

Each of us has the power to make the decision to open the door that allows us to make a real and lasting change in our lives. The key is that it can only be opened from within, and what happens? Most of the time we try to find the answers to our change outside of ourselves. Whatever the current situation you are experiencing on a physical, mental or emotional level is conditioning you because you are identifying with what you are living. Obviously, the situation you are experiencing has... Read more