Wed. Apr 24th, 2019

The rent in Madrid and Barcelona is already in real estate bubble prices and four other news

The rent in Madrid and Barcelona is already in real estate bubble prices and four other news


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MadridUpdated:

1. The Bank of Spain notes that rents in Madrid and Barcelona already exceed pre-crisis levels. Are Some of the conclusions of the report "Recent evolution of the housing market in Spain", prepared by the Bank of Spain. A document in which, although the institution highlights the "significant increase" in income, it also points out that the lack of data referring to the period prior to the crisis "makes it difficult to carry out a deeper analysis on the relative evolution of both prices".

2. Talk to the shareholders of Telefónica: «the share has still growth potential». The president of Telefónica, José María Álvarez-Pallete, has addressed a wide-ranging letter to the shareholders of the company with a view to the general meeting scheduled for next June 7, in which he defended that the share price of the multinational already is living a recovery, «Has still growth potential to reflect the true value of your company ».

3. Renfe will launch the low-cost AVE between Madrid and Barcelona for Holy Week 2020. The low cost AVE Renfe may be used in Easter next year, about eight months before the liberalization of passenger transport in Spain, and, in principle, s It will premiere on the line between Madrid and Barcelona, The president of the company, Isaías Táboas, confirmed this Thursday. The executive has refused to comment on the brand under which he will operate this new service, as well as his rates or the type of trains he will use "to avoid giving clues to the competition".

4. Eva Cárdenas, a couple from Feijóo, opens a real estate business. After leaving the management of the home division of textile giant Inditex, Zara Home, Eva Cárdenas has decided to start her own business. The couple and mother of the son of the president of the Xunta, Alberto Núñez Feijóo, has set up the Niebla Azul company, dedicated to the acquisition, promotion, rehabilitation, sale or non-financial lease of all types of real estate.

5. The average wage increase agreed in the agreement in the first quarter exceeds inflation and reaches 2.20%. The average wage increase agreed in the collective agreements registered in the first quarter has been placed at 2.20%, nine tenths above the advance figure of the March inter-annual CPI (1.3%) and one year earlier (1.53%), according to data provided by the Ministry of Labor, Migration and Social Security.

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