AURIGA Real Estate closes several operations in exclusive areas of Madrid.

The end of summer and the return to the school year have reactivated the real estate sector and this has been confirmed by AURIGA Real Estate, which has closed 3 operations in the area of the Paseo de la Castellana and the Santiago Bernabéu Stadium, and a lease next to the Glorieta de Quevedo. The real estate market is finding a year that continues to see interest rates rise and consequently the Euribor, which makes it difficult to access financing due to the debt ratio due to the increase in the cost of money. The number of mortgages taken out has fallen by 30%, while mortgage repayments have increased, reducing the outstanding balance of borrowed capital. On the other hand, the number of sales has decreased less than the number of mortgages, which gives an idea of the increase in sales without bank financing, as has been the case of the transactions mentioned above, as well as others.

27/11/2023.