Hispania pay 42.5 million euros for four office buildings and two hotels in Madrid

Continue shopping Socimi estate. The subsidiary of Real Estate Assets Hispania, Hispania Real Socimi, just buy a portfolio of properties in Madrid, after fully and with funds disbursed 42.15 million euros.

Seller is IDL (Donato Group Lasa with homes, offices and hotels for sale and rent). There are four office buildings recently built in business parks and expansion of northern Madrid, with a gross lettable area of 14,547 square meters and 387 parking spaces.

The property purchased with an average occupancy of 71%, are Arcis Building and Building Talos in Las Tablas in Madrid Fuencarral district, near the new headquarters of BBVA; a building in Brussels Avenue in Arroyo de la Vega (Alcobendas), and the fourth in the Poet Rafael Morales complex in San Sebastian de los Reyes.

The two hotels have long-term contract with the NH group and are three stars: the Pacific, with 62 rooms in the Ciudad de Barcelona Madrid and San Sebastián de los Reyes, with 99 rooms in the resort Poet Rafael Morales.

The Minister of Hispania, Concha Osácar, explains: “With this acquisition, Hispania continues to consolidate its presence in the office market quality in the secondary district of Madrid and boosting its hotel portfolio.”

So far, Hispania has invested 262.8 million euros from 550 million raised in its IPO on 14 March, and your wallet adds 84,300 square feet of rentable office space, mainly in Madrid and Barcelona; 213 homes in Barcelona, ​​the residential complex of Sky Island, and three hotels, two recently acquired and Guadalmina in Marbella.

This is the sixth acquisition of the assets starring Socimi Hispania Real Estate and CBRE advised by the second, after the acquisition of the portfolio of Oncisa.

For Mikel Marco-Gardoqui, national director of the consultancy Capital Markets says, “this is the sixth acquisition of the assets starring Socimi Hispania Real Estate and CBRE advised by the second, after the acquisition of the portfolio of Oncisa.

Mikel Marco-Gardoqui, national director at consultancy Capital Markets, notes that “this transaction involves the acquisition of a stable product with good occupancy and cash flow and potential. Shows how the recapitalization of the property system is paying off, channeling of investment through Socimi an efficient vehicle for the tax and estate management portfolio optimization.

Six indicators that reflect how the real estate sector and walks toward recovery

Here we review the indicators that have been known in recent weeks and already showing growth in sales, stabilizing prices and increased construction. That is, the pattern of improvement of this activity will glimpsing First demand grows, then the price adjustment is applied and finally begins to increase supply. Yes, the experts urge caution and warn that it will be a slow process, especially for the economic and employment instability still facing the country.

INDICATORS TO INVITE SOME OPTIMISM

1- INE: home sales rise by 5.4% yoy in May

Housing sales increased 5.4% in May from the same month in 2013 and now number three consecutive months of gains (after ten months of declines). This rise was mainly due to sales of second-hand properties.

Specifically, in May 28.124 operations were recorded, according to provisional data from the Statistics on Transfer of Property Rights (STPR) published by the National Statistics Institute (INE). Of total homes passed, 90% are free and 10% protected, while 38.7% new and 61.3% used.

For Beatriz Toribio, responsible Fotocasa.es studies, these data show that “the Spanish housing market is slowly recovering pulse.” “The improvement in the purchases confirms stabilization toward which the market, which is a major breakthrough after years of stagnation and lack of good news,” he adds.

The annual rally of May is the third in a row after experienced in March and April, when home sales rose more than 22% and 5%, respectively.

It should be noted that real estate purchases rose less in all communities in Castile-La Mancha (-15.2%), Galicia (-6.0%) and Madrid (-5.5%). The largest increases occurred in the Balearic Islands (33.1%), Navarra (32.9%) and Cantabria (30.4%).

Promotion 2: the sale of homes soars 48.4% in the first quarter

The latest sales data released by the Ministry of Public Works showed a strong increase in transactions in the first quarter. Specifically, home sales grew by 48.4% during the first quarter of 2014 over the same period of 2013, to the 81,358 operations.

Yes, despite being such a positive thing has shades because, as explained Promoting the fourth quarter of 2012 and first of 2013 were atypical by the end of the tax relief and the increase in VAT.

3 foreign acquisitions rose by 27.2% in the first quarter

The interest of foreign investors in the Spanish property market has grown strongly in recent months. Specifically, sales of private housing by foreigners grew by 27.2% in the first quarter and represented 19.4% and the total operations.
By nationality, buyers have more weight on total strangers are British (13.8%), followed by French (10.5%), Russians (8.4%), German (7.5%) and Belgians (6.9%).

4 Construction in Spain, the second highest increase in the euro zone

Another fact that indicates changes in the field of housing is to be built again in Spain. Specifically, the production of the construction sector rose 4.8% in April, the second highest increase of both the European Union (EU) and the euro zone, according to data released by the EU statistics office Eurostat. With this increase the Spanish construction chains and six months of gains.

In the whole of the eurozone this sector grew by 0.8% over the previous month. Among the countries for which data are available for April 2014, on-month developments occurred in Slovenia (6.7%), Spain (4.8%) and Portugal (4.5%), while declines were more pronounced in Poland (-5.4%), Romania (-4.7%) and Slovakia (-2%).

If the data are compared with the same period last year, Spain’s descata still registering a takeoff of 53.4% ​​followed by Slovenia (+ 48.8%), Hungary (+ 27.2%) and Poland (+13 , 3%); while larger drops are accumulated to Portugal (-9%), Romania (-6.8%), Slovakia (-5.1%) and Italy (5%).

5-Tins: falling prices slows to 3% in June
The housing prices continued to fall in June slowing down to 3% year on year compared with 4% in May, according to the index Tins.

Specifically, the General IMIE Tins index showing a setting of 39.7% from max 2007 June softened their prices drop rate to be at 1378 points.
The General index remains at levels of August 2003 and is only 0.5% below the 1,384 points that ended 2013.

Tins maintained its forecast that by the end of 2014 the annual decline in the index is close to zero.

6-Evaluation Society: become cheaper by 2.3% in the second quarter

The average price of all new and used housing stood at 1,328 euros per square meter in the second quarter of 2014, representing a fall of 2.3% over the same period of 2013 Although the price continues to fall year on year does so at a slower rate (recall that in the second quarter of last year fell by 15%).

Moreover, according to this analysis, households are already expensive by 4.5% if the data are compared to the first quarter.

ASK THE EXPERTS CAUTION AND STILL NOT SEE TURNAROUND

Toribio Fotocasa.es, insists that it is still early to talk about reversal or adjustment so that the recovery will be key bank finance and labor market trends. “Credit is still very limited and we have seen that in April, despite the advance of purchases, he fell in mortgage lending. This is because those who are leading the movement that the sector are foreign and small-medium investors with liquidity, “he says.

“Until we improve funding and, above all, the levels of unemployment and job instability, the housing market will not recover,” concludes Toribio.

Meanwhile, Manuel Gandarias believes that improving the purchases are “good news to be taken into account, but with some caution, since they must keep raising sales in the coming months to say that the number of operations Spain stabilizes and begins to grow in a sustained manner. “

To do this, “should also continue improving the most relevant macroeconomic variables and mortgage should start flowing more normally, keeping the lines of responsibility and required solvency,” he adds.

China tries to prop up a falling property market

In order to combat the growing lack of confidence in the real estate market of China, local governments are releasing restrictions on who can buy houses, offering incentives for those who can, and returning to the previous price control.

The means of the Communist Party also began to talk about the latent potential of the market, in what appears to be an attempt to bolster confidence in housing prices.

However, through China, real estate developers are struggling to get rid of inventory, using unorthodox techniques sales suggest a deep concern for the future.

A collapse of real estate prices would be catastrophic for the Chinese economy: the vast majority of Chinese wealth are invested in housing and real estate industry has been the engine of growth during the last decade.

‘Saving the market’

In the intermediate cities throughout China, which are still huge compared to global standards, officials relocated restrictions that existed a few years ago in order to get people to buy more houses. Such measures are known in Chinese as “Jiushi” or “saving the market,”

Wuhan, a center of transportation in central China on the banks of the Yangtze River, encourages college students to travel there to study. They can get a local residence permit upon graduation, winning local employment, and most importantly, buy a house, as dictated by the new policy.

The official residence status in Chinese cities is controlled by the regime through what he calls the “hukou” or household registration system, which acts as an internal mechanism visa or passport within China.

People born in the country are relegated to rural hukous. Without a city hukou, they second class citizens to move to become a city, unable to send their children to school, or buy apartments or cars.

Other cities promote local hukous promise in exchange for the purchase of homes, according to Xinhua, the official Chinese news agency.

The city of Wuhu in Anhui Province in Central China canceled the restriction college graduates need to complete three years of full-time work before receiving grants for a first home purchase.

Zengchen and Conghua two second-tier cities in the province of Guangzhou also began to put restrictions on home prices, credit, inventory, and identity of the buyer, which was added in past years in an attempt to make the market does not unstable.

Because the restrictive economic policies, which are an essential part of the model of the Chinese regime for economic growth, have channeled a large portion of household income on housing, even minor changes in policies, amplified by the vast population of China, may have an effect immediate and significant.

But such measures can be at best a temporary cure. Signs of a slowdown are inexorable everywhere.

deceleration

Deutsche Bank AG said in a report on June 13, according to Bloomberg, which cut prices only after 10 or 15 percent, developers were able to get an acceptable sales volume.

Official data show that from April to May, household prices declined in 35 of 70 cities, something unseen since May 2012.

Prices of capital goods in large companies listed Chinese roots in the U.S. also stumbled this year, SouFun a real estate website, losing 25 percent of its value in June, and E-house China Holdings Ltd., Chinese property agent, down 13 percent.

Property Market Index Shanghai fell 6 percent this year, reflecting the fortunes of two dozen real estate companies that monitor the.

Li Junheng an analyst at the Chinese economy of Warren Capital based in New York, recently told a newspaper that “larger cities including Shanghai are seeing price reductions both within and outside the inner ring road, 2 – 3 percent and 8-10 percent, respectively. ”

The newspaper also said the slow economy led to high-end retailers to open new stores in shopping malls and large real estate projects make discounts of up to 50 percent. Even the always confident VIPs traveling to Macau’s casinos were minimized.

“We think the market dynamics are significantly different from those of 2008-09 … and 2012 … when the market is seeing a fundamental and structural surplus, and a feeling of low energy,” wrote Li Junheng.

taking Internet

The People’s Daily, mouthpiece of the Communist Party, is on the defensive about the settings of real estate policies.

“Real Bears have ulterior motives, ajustamientos prices are normal,” said the headline of a recent story.

“The real estate agreements have tended to decline this year, bringing suddenly shouting ‘collapse’, ‘tipping point’, ‘bank runs’ and other pessimistic theories,” the newspaper said.

Actually, this is all part of a “normal adjustment”, the newspaper said, setting the Party line in the politically correct way to see the real estate market.

Other officials were more sober. Pan Gongsheng, the vice president of People’s Bank of China, said at a recent forum, as paraphrased quote, if the people of a country keeps its wealth in real estate, can bring many problems to economic development, leading to a real estate bubble it explodes and brings an economic crisis.

Garnish with a click

Decorate with photos is an easy way to enhance the environment, as anyone with a little ingenuity, good taste and a modest camera can capture images of nature, travel, family issues, everyday objects, etc..

But like all aesthetic act, the use of images in the decoration is governed by some basic parameters. For the architect and interior design specialist, Karen Plaza, “In decorating with photos everything is possible, provided the basic design principles such as rhythm, color, balance is maintained. Maintain harmony between the concept of decorating and photos that are used, the decoration style and creativity. ”

Whether your home or office you have a classic, modern, country or minimalist style, this technique can be used either for emphasis or to add an element, but with sobriety. Note that not only you can use your usual size photographs, framed or not, but can also be used in collages that integrates several of a theme, color or style.

To Plaza, incorporating photographs provides “a special touch to the spaces and imprint a character that is usually individually.”

Stands

A very contemporary option in the use of the images are the billboards, large format prints in various media, high durability, which can be the focal point of a space in this expansive and uncluttered case with other elements. These copies may be ordered from the shops where marketing materials are produced.

As for the possibility of framing images of conventional size, choice of frames available in the market, which will choose according to the style of the room to be decorated: some from highly processed, in gold, to very simple lines in plain colors, wood or metal. You can also opt for two overlapping windows, subjects using special mounting clips, if your style is more minimalist.

In this sense, the architect Karen Square says: “Today we have devices to expose versatile photographs of various styles: modern, ethnic, minimalist, country, such as individual frames and tables where we display more photos at once. there is also the option offered by contemporary technology such as digital home devices, which serve to show many pictures at a given time.’s common for one to have a bunch of digital photos that are often left for personal enjoyment on the computer the home or office. way to expose This is a comfortable and contemporary solution that fits any style of interior design. ”

Basic conservation

Whether you are decorating with original and reproductions on classic prints photographs, should consider certain measures to preserve them in time, as a faded and deteriorated stays away from his image adorn the dull.

The first thing to consider is the quality of the ink and paper; do not settle for homemade reproductions will be spending a stray. Vilena Figueira, specialist organization and digitization of photographic archives, who teaches workshops and provides advice on this subject, states that when ordering copies a specialized service “Request to be printed should be with paper and inks whose houses manufacturers ensure they have passed test last over 100 years. specialty papers are almost always say this on the back or on its packaging. testing can be done and then print wet them a bit to see if the ink smears or reactions. Another option that is used especially for color is the use of glass with UV filter assembly “.

The assembly also has rules, such as incorporating a piece anime laminil or ironing as image support. “This order to isolate moisture and acidity in the part having contact with the posterior brown cardboard mount, avoiding it transitions to the image moisture absorbing wall,” says Figueira.

Add the specialist who must be aware of factors such as humidity and light, it can undermine photographic prints. “So you should avoid placing them in walls by passing pipes or those close to very cold and wet areas, as condensation causes moisture damage the image or proliferate fungi. Ideally 19 ° to 23 ° C temperature and between 30 and 50% relative humidity. ”

In places where it is impossible to control these conditions, as the kitchen or bathroom, always opt for reproductions and guard their originals.

How to do it

Although Classic is to use a group photo frames or picture frames as an element of decoration, without regard to a given topic or group of images, the trend is currently planning the design from a concept (create groups theme, for example), harmonized with the rest of the elements and color palette of the room.

“When the concept of decoration is the pictures themselves, undertaking design color images, where the walls are exposed or where devices or frames would be placed. One way is to use light walls in shades that are contained in the color palette of the photos will be used for highlighting ringtones photos. in this case it is preferable to harmonize with the colors and sizes of the images, as they are more visually pleasing and he space added to the comfort you want, “the architect Karen Plaza.

“When working with large-format images, they must be placed in places of stay as rooms or studios and architectural spaces from which to judge the image visual quality, that is, in environments where there is plenty heights mezzanine slightly higher than standard (over 2.50 m). Whether it is exposing individual pictures but they are related, such as those of a family trip, can be placed in transit areas such as hallways, stairs or those good places to expose them as the furniture. ”

Can also be incorporated original and creative ideas, using the images within other objects as making a headboard for bed with a giant cushions or printed using the technique of transfer or sublimation fabrics; the latter with greater durability than the first in terms of textile printing. The screens and lamps are other media that can support custom images.

Real estate prices in China Concerns Government

The head of the Chinese government, Li Keqiang, faces a period of economic pressures to which he was not accustomed the world’s second largest economy.

A slowdown in production and mantle covering doubt the official figures, particularly the value of its sales abroad, the sharp increase in real estate, according to the latest report for the month of April, presented adds hikes most important since January 2011 for large cities like Guangzhou, Beijing and Shanghai.

A price bubble in the housing market last thing you want is an economy seeking recovery. This not only restricts access of the growing middle class and increasing inequality gap in the country, but the first step in establishing a mortgage crisis as recently observed in the United States or sight in Colombia in the nineties.

However, the solution is not easy and must be approached carefully. Aggressive attempts to directly intervene prices may discourage builders to continue their projects and their financial flows would be severely affected. This in turn directly hit Chinese growth and relegate much lower growth rates than seen historically.

Experts suggest a policy to avoid speculation and impose measures to prevent real estate developers maintain vacant lots waiting for prices to continue to rise and thus higher profits in the future. Ensure that there is land available for building and working hard from the side of the real estate seems to be the only plausible way to avoid an uncontrollable vicious cycle in the long run to the Asian country.