PPCC: Pisitófilos Creditófagos. Verano 2023

[Benzino Napaloni]

Alerta, no lean esto con el café en la mano, no quiero accidentes con el ordenador.

La startup barcelonesa Prontopiso se declara en quiebra

Esta intermediaria de inmuebles, constituida por el fondo Antai, cerró sus puertas en octubre tras acumular unas pérdidas de 10 millones

La agencia inmobiliaria Prontopiso, de Barcelona, ha presentado ante los tribunales mercantiles un concurso de acreedores terminal. El balance carece de activos y arrastra una deuda de 1,4 millones. Ello significa que los acreedores no cobrarán un céntimo, pues la sociedad está totalmente arruinada. El pasado mes de octubre Prontopiso cesó sus actividades y bajó la persiana.

INTERMEDIACIÓN
La empresa nació en 2017, impulsada por Antai Venture Builder, fondo inversor de negocios digitales. En nombre de este se designó administradores a Gerard Olivé Fernández y Miguel Vicente Verdoy. Prontopiso presumía de vender las viviendas de los clientes que le confiaban la gestión en un plazo máximo de 90 días a cambio de una comisión del 6,5% del importe obtenido. En caso de no lograr la transacción, se comprometía a adquirir el inmueble al 95% de su valor de mercado.

RECURSOS CAPTADOS
La entidad ha financiado sus actividades por medio de ocho rondas de inversión. En ellas recaudó más de 10 millones, que se han agotado por completo. Desde el primer momento se puso al frente del negocio Andrés Pla García, pero los resultados no le acompañaron. Para apoyar a Pla, Antai nombró consejero delegado solidario a Diego Gerardo Paradinas Martí.

FALTA DE RENTABILIDAD
La situación no varió y los números rojos continuaron a la orden del día. En 2021 Antai releva a ambos y los sustituye por Alfredo Díaz-Araque Moro, con el cometido de salvar los muebles. Su mandato ha perdurado un año, hasta el cierre y el desplome final. Díaz-Araque culpa del desastre a los efectos de la pandemia, pero lo cierto es que Prontopiso nunca fue rentable.

GESTORES
Las pérdidas contabilizadas desde 2017 suman más de 10 millones y la facturación anual no ha llegado siquiera a 2 millones.

El consejo de administración estuvo integrado en etapas sucesivas por Daniel Romy Martí, María Echávarri Toda, Eduardo Salvó Altolaguirre, César Tapia Izaguerri y Manuel Iglesias Concepción.

DESENLACE
Dada la bancarrota de Prontopiso, el Juzgado Mercantil número 6 de Barcelona ha hecho un llamamiento a los acreedores para que soliciten el nombramiento de un administrador concursal si presumen que se han producido irregularidades. En caso contrario, archivará la quiebra y dictará la extinción de la empresa.

El domicilio de Prontopiso está ubicado en plaza Pau Vila, en el inmueble que aloja Barcelona Tech.

El plan parecía perfecto. Me pregunto qué ha podido fallar.

[Derby]

Curiosa asociación de ideas... enseguida han sonado en mi cabeza los acordes de We've only just begun de Carpenters   

https://twitter.com/financialjuice/status/1674362966198583296

@financialjuice
FED'S BOSTIC: WE'VE ONLY BEEN IN RESTRICTIVE TERRITORY FOR 8-10 MONTHS AND ARE JUST AT THE BEGINNING STAGE OF WHAT TIGHTENING SHOULD LOOK LIKE.

[Derby]

https://www.telegraph.co.uk/royal-family/2023/06/29/king-charles-crown-estate-london-properties/

The King loses £500m on London estate as retail property prices crash

Annual report released by King's estate and Sovereign Grant reveals massive loss on portfolio

The Crown Estate has lost half a billion pounds on its London property portfolio after the value of retail space crashed as shoppers stayed away during the cost of living crisis.

Properties in London held by the King’s public estate fell by 6.5 per cent to £7.2 billion – a reduction of £500 million in the last year alone – as footfall in the West End remained stubbornly below pre-pandemic levels.

The annual report released by the King’s estate, the land and property portfolio controlled by the sovereign, has been published alongside the Sovereign Grant report on royal finances and the Duchy of Cornwall’s report.

The Sovereign Grant report revealed that the King was no more immune to the soaring inflation than anyone else.

Official royal spending increased by 5 per cent during the last financial year to £107.5 million, while its income decreased by 1 per cent to £9.8 million – less than half of pre-pandemic levels.

Meanwhile, the Sovereign Grant remains stagnated at £86.3 million.

A palace spokesman admitted that cutbacks had been made “across the board”.

Tough trading in the capital means that almost one-fifth of The Crown Estate’s properties are now vacant or unoccupied – up from little more than a tenth last year.

However, the overall value of The Crown Estate swelled to £15.8 billion, with an increase in the value of investments at sea and rural land more than cancelling out losses on retail and office space. 

The corporation – which dates back to 1760, when George III agreed to surrender to Parliament the net income from Crown lands and hereditary revenue in return for a fixed annual payment – manages 200,000 acres of rural land, including Windsor Great Park and the wider Windsor estate.(...)

[Raf909]

PD: Quiero levantar una cerveza virtual por Benzino Napaloni. Siempre dice que el invierno demográfico se empieza a notar en el mercado laboral. Yo le he expresado mis reservas públicamente. Vengo aquí a comerme mi owned, también públicamente.
La semana que viene cambio de trabajo, después de 17 años en la misma empresa y 14 años trabajando para el mismo cliente. Estamos a las puertas de Julio y somos 6 lo que hemos hecho la peineta desde principios de año (overtime loco, timmings agresivos rozando la demencia, etc), vamos a 1 persona por mes y nadie a venido a sustituir a los veteranos expertos que se han ido. Los mandamases siempre han visto esto como un catarro que había que "pasarlo", ahora empieza a cundir el pánico.

Yo he tardado escasos 2 meses en encontrar otro trabajo, para una empresa extranjera, pese a mi limitado inglés, mejoro sueldo y espero mejorar calidad de vida.

Bienvenido al Lado Oscuro.

Nada, hombre. Yo sabía que era difícil de hacer ver porque sonaba a increíble. Pero es lo que los informáticos llevábamos tiempo viviendo en nuestras carnes. No nos estábamos imaginando nada, lo vivíamos. Y por simple extrapolación de la evolución demográfica... Blanco y en botella. Nosotros sólo vivimos el proceso antes, pero es esencialmente el mismo extendiéndose a los demás gremios.

Las ganas de ver al jefe colgao de un pino (Mojinos Escozíos dixit) llevan mucho tiempo aquí. Lo único que ha reventado eso ha sido que ha empezado a faltar gente. Una plaza liberada en Alemania tiene un arrastre, que potencialmente puede llegar muy lejos. Llega un momento en que sale a cuenta hasta pagar las clases de alemán, o aguantarse con alguien que tenga un inglés correcto.

Y cuando eso llega al empresaurio patrio, que no entiende el concepto "no puedo cubrir las vacantes", los cerebros explotan.

Sin contemplaciones y sin mirar atrás. Que pierdan el know-how y que se queden con la empresa al ralentí -con suerte- va a ser la única manera de que entiendan que el cachondeíto se está acabando. Que desde ya el jefe tiene que ser el titi con valía para el puesto, y el resto a espabilarse o a acabar de chupatintas. Porque si no, se nos van a parar las empresas, los servicios públicos, y la madre que lo parió.

¿Está pandiendo el cúnico? Que se abrochen los cinturones porque, como dicen en el cine, esto sólo es el principio.


PS: No voy a negar que tengo un empacho de Schadenfreude .

  Que yo también soy informático

[Derby]

https://www.cityam.com/mortgage-mayhem-homeowners-forced-to-sell-up-at-discount-prices-as-rates-soar/

Mortgage mayhem: Homeowners forced to sell up at discount prices as rates soar

Red hot mortgage rates are leading to sellers accepting lower prices for their properties, fresh data shows, creating further pain for the housing sector.

As the market continues to grapple with the Bank of England’s recent 0.5 per cent interest rate hike, figures by estate agent Zoopla show that 42 per cent of sellers are accepting discounts over five per cent on the asking price to secure a sale – the biggest discount recorded by the estate agent since 2018.

Meanwhile, 15 per cent of property sellers are knocking over 10 per cent off initial asking prices.

It comes as sky-high interest rates on mortgages erode buyers’ purchasing power, with Zoopla reporting a 14 per cent fall in buyers in the market over the last four weeks compared to a year ago.

According to Moneyfacts, the average rate for a five year fixed term mortgage now sits at 5.83 per cent, up from 5.17 per cent since the start of June.

“Our view remains that five per cent mortgage rates represent a tipping point, beyond which house prices will post annual price falls with lower sales volumes,” Zoopla said in the report.

“The sales momentum over [the first half of 2023] is not going to be maintained into [the second half].”

Before summer, the housing market was showing slow signs of recovery after confidence plummeted following September’s mini budget.

Mortgage approvals were on the up in March, rising “significantly” to 52,000  from 44,100 in February. It is unclear what the figure may look like ahead of central banks money and credit report set to be issued this Thursday.

“The resilience of the housing market and homebuyers is set to be tested once again as mortgage rates increase over five per cent,” Richard Donnell, executive director at Zoopla, said.

“Mortgage rates falling to four per cent earlier this year supported a rebound in sales and led to house prices registering small month-on-month gains.”

In London, annual house prices have fallen by 0.2 per cent, Zoopla said, against a 1.2 per cent drop nationally.

“The main risk to house price growth, aside from a weakening economy, is a sudden surge in the supply of homes for sale. There are some signs that supply is starting to grow at an above-average rate with 18 per cent  more homes listed for sale in the last four weeks vs the five-year average,” Donnell added.

[Derby]

https://www.france24.com/en/europe/20230628-eu-to-take-one-giant-leap-towards-launching-digital-version-of-euro

EU to take next step towards launching digital version of euro

The EU will take the next crucial step on Wednesday towards launching a digital version of the euro, a controversial project that has come under attack from the public, politicians and banks before it even exists.

From China to the United States, Jamaica to Japan, dozens of central banks worldwide are exploring or have already put in place digital currencies as electronic payments dominate the way people spend their money and cash usage dwindles.

The move to create a digital version of the single currency began in 2020 when European Central Bank (ECB) President Christine Lagarde suggested the idea and the Frankfurt-based body launched a public consultation.

Digital euro enthusiasts say it will complement cash and ensure the ECB does not leave a gap that could be filled by private, usually non-European, players and other central banks.

Critics question the need for a digital euro and banks warn of major risks, while the ECB's own study found the public was concerned over payment privacy.

"If we are just duplicating the existing payment infrastructure with the digital euro, that is not a good enough business case. For the time being, the digital euro seems to be a solution in search of a problem," German MEP Markus Ferber told AFP.

The European Commission, the EU's executive arm, will publish a proposal on Wednesday that will be the legal foundation on which the ECB could launch a digital euro.

The final law must be backed by the EU's 27 member states and the European Parliament.

The ECB is set to give the formal green light to a digital euro in October and the expectation is that it will be available from 2027 onwards.

Benefits 'outweigh' costs

According to a draft proposal seen by AFP, the commission noted the digital euro's "long-term benefits... outweigh its costs" and warned "the costs of no action can potentially be very large".

The currency would be available for individuals living in the euro area and visitors.

Lagarde argued in March during a panel event that the digital currency was important for resilience and to "safeguard European payment autonomy".

Many of the means of payments are "not necessarily European", she noted, adding it was "very unhealthy to rely on one single source of payment".

US giants Visa and Mastercard currently dominate the global card payment market.

Her comments are in line with the EU's greater focus on bringing production to Europe or nearer to the bloc and moving away from relying on third countries.

Others argue, however, the EU's plans spell trouble, especially for banks.

The European Banking Federation (EBF) warned in March of the "significant risk for banks" because of the potential for bank runs as customers could hold their funds in digital euro accounts and wallets, moving them away from the banks' balance sheets.

The draft proposal includes a provision that will limit how much money people can keep in digital euros -- ECB officials have suggested a cap of 3,000 euros ($3,300).

The commission also said the digital currency would be granted "legal tender" status, meaning it must be accepted as payment.

There will be exceptions including for small businesses that do not accept any form of digital payment, according to the draft proposal.

Privacy concerns

ECB has a difficult battle to win over Europeans. A public consultation showed that the number one priority when it comes to the digital euro is privacy.

To calm people's fears, the ECB has stressed it would not attempt to control how people can spend the digital currency or use it for surveillance, as critics claim is the case in China.

"The ECB would not set any limitations on where, when or to whom people can pay with a digital euro," ECB executive board member Fabio Panetta said in January.

In the draft text, the commission said the digital euro "will be designed so as to minimise the processing of personal data by payment services providers" and the ECB.

[Derby]

https://www.imf.org/en/Blogs/Articles/2023/06/26/europes-inflation-outlook-depends-on-how-corporate-profits-absorb-wage-gains

Europe’s Inflation Outlook Depends on How Corporate Profits Absorb Wage Gains

Higher prices so far mostly reflect increases in profits and import costs, but labor costs are picking up

Rising corporate profits account for almost half the increase in Europe’s inflation over the past two years as companies increased prices by more than spiking costs of imported energy. Now that workers are pushing for pay rises to recoup lost purchasing power, companies may have to accept a smaller profit share if inflation is to remain on track to reach the European Central Bank’s 2-percent target in 2025, as projected in our most recent World Economic Outlook.

Inflation in the euro area peaked at 10.6 percent in October 2022 as import costs surged after Russia’s invasion of Ukraine and companies passed on more than this direct increase in costs to consumers. Inflation has since retreated to 6.1 percent in May, but core inflation—a more reliable measure of underlying price pressures—has proven more persistent. This is keeping the pressure on the ECB to add to recent interest-rate rises even though the euro area slipped into recession at the start of the year. Policymakers raised rates to a 22-year high of 3.5 percent in June.

As the Chart of the Week shows, the higher inflation so far mainly reflects higher profits and import prices, with profits accounting for 45 percent of price rises since the start of 2022. That’s according to our new paper, which breaks down inflation, as measured by the consumption deflator, into labor costs, import costs, taxes, and profits. Import costs accounted for about 40 percent of inflation, while labor costs accounted for 25 percent. Taxes had a slightly deflationary impact.



In other words, Europe’s businesses have so far been shielded more than workers from the adverse cost shock. Profits (adjusted for inflation) were about 1 percent above their pre-pandemic level in the first quarter of this year. Meanwhile, compensation of employees (also adjusted) was about 2 percent below trend. This is not the same as saying that profitability has increased, as discussed in our paper.

Previous episodes of surging energy prices suggest that labor costs’ contribution to inflation should grow going forward. In fact, it has already picked up over recent quarters. At the same time, the contribution from import prices has fallen since its peak in mid-2022.

This lag in wage gains makes sense: wages are slower than prices to react to shocks. This is partly because wage negotiations are held infrequently. But after seeing their wages drop by about 5 percent in real terms in 2022, workers are now pushing for pay rises. The key questions are how fast wages will rise and whether companies will absorb higher wage costs without further increasing prices.

Assuming that nominal wages rise at a pace of around 4.5 percent over the next two years (slightly below the growth rate seen in the first quarter of 2023) and labor productivity stays broadly flat in the next couple of years, businesses’ profit share would have to fall back to pre-pandemic levels for inflation to reach the ECB’s target by mid-2025. Our calculations assume that commodity prices continue to decline, as projected in April’s World Economic Outlook.

Should wages increase more significantly—by, say, the 5.5 percent rate needed to guide real wages back to their pre-pandemic level by end-2024—the profit share would have to drop to the lowest level since the mid-1990s (barring any unexpected increase in productivity) for inflation to return to target.

As noted in our recent review of the euro-area economy, macroeconomic policies thus need to remain tight to anchor expectations and maintain subdued demand. This would coax firms to accept a compression of the profit share and real wages could recover at a measured pace.

[Derby]

https://apnews.com/article/inflation-europe-germany-spain-b98f9dc7f90eadc8c63d770e18bde6c9

Inflation is moving in different directions in Europe. It hit 6.8% in Germany and 1.6% in Spain

FRANKFURT, Germany (AP) — Inflation is pushing in different directions in Europe, rising in Germany and falling again in Spain, official figures said Thursday.

German consumer prices jumped 6.8% in June from a year earlier, up from May’s 6.3%, the state statistics office Destatis said. The figure was boosted in part by a widely used offer of cheap transport tickets last summer, analysts said.

The increase in Europe’s largest economy comes a day before the release of inflation figures for the entire 20-country area that uses the euro currency. Inflation in the eurozone has been falling from its peak of 10.6% in October, coming in at 6.1% in May.

But that is still far above the target of 2% set by the European Central Bank. ECB chief Christine Lagarde has warned inflation is persistent enough to warrant at least one more interest rate hike at the bank’s July 27 meeting.

Higher interest rates are central banks’ chief tool against inflation.

Meanwhile, lower food and energy inflation meant Spain’s consumer price index increased only 1.6% in June from a year earlier, down from 2.9% in May.

Adrian Prettejohn, Europe economist at Capital Economics, said the low Spanish rate was unlikely to influence ECB decision-making “as country-specific factors are taking Spanish inflation much lower than in other countries.”

[BENDITALIQUIDEZ]

Que dice Powell que Benzino Napaloni tiene razón, que está el mercado de trabajo embravecido:

https://www.tiktok.com/@capitalradiob/video/7250018558648847643?

[Derby]

https://www.wsj.com/articles/jerome-powell-says-bank-failures-underscore-need-for-stronger-regulation-supervision-8f386569

Jerome Powell Says Next Phase of Rate Rises Will Be Harder to Predict

Officials “almost overwhelmingly…think that we need to do more,” Fed chair says

Federal Reserve Chair Jerome Powell said it made sense to continue slowing the pace of interest rate increases as officials try to find the level that will restrain economic activity and inflation without causing unnecessary weakness.

The Fed raised interest rates most recently in May to a range between 5% and 5.25%, a 16-year high. Powell has signaled that officials are prepared to raise rates at the Fed’s July 25-26 meeting after holding them steady at their meeting earlier this month.

“Our commitment isn’t to a particular number of rate hikes; it is to a stance of policy that’s sufficiently restrictive to bring inflation down to 2%,” Powell said during a moderated discussion in Madrid on Thursday.

Officials raised interest rates aggressively last year, including four consecutive increases of 0.75 percentage point between June and November. They slowed the pace of increases in December when they lifted rates by a half point, and then they raised rates by a quarter point at their first three meetings this year.

Powell said holding rates steady this month offered a way to further moderate the pace of increases even though most officials at the Fed’s June 13-14 meeting penciled in at least two more hikes this year. “We’re just going to have to find our way,” Powell said.

When interest rates and inflation were very low in the decade between the 2007-09 financial crisis and the 2020 Covid-19 pandemic, the idea of a 5% short-term interest rate would have been improbable, he said.

“And now the question is, ‘Is that tight enough policy?” Powell said. The Fed chair and his colleagues “almost overwhelmingly…think that we need to do more to get to a level of tight policy.”

Fed officials meet eight times a year, or roughly twice each quarter. While Powell said he wouldn’t rule out raising rates at consecutive policy meetings, he said moving rates up at a slower, quarterly pace could be expected to continue if the economy evolves in line with current expectations.

“We’ve all seen inflation be, over and over again, more persistent and stronger than we expected. At some point that may change, and I think we have to be ready to follow the data and be a little patient as we let this unfold,” Powell said.

Powell said because of how rapidly the Fed raised rates last year, there hadn’t been enough time to determine the full impact of those increases on economic activity. He also said the failures of Silicon Valley Bank and two other midsize lenders risked further reducing the availability and raising the cost of credit.

Powell demurred when asked if the banking crisis was over. “Remember that our jobs generally involve worrying about things…and so we’re very reluctant to reach a judgment like that,” he said. Still, he said deposit flows out of banks had stabilized, aggregate bank lending was increasing, and “things have really settled down quite a bit.”

The Fed’s rapid interest–rate increases to combat inflation last year created a dangerous mismatch between some banks’ assets—securities and loans paying low rates—and liabilities—deposits and other bank borrowing with higher rates. In March, those losses triggered a run on SVB, which had an unusually high concentration of uninsured deposits.

The Fed and other regulators responded to the failure of SVB by backstopping the bank’s uninsured deposits and those of another bank that faced a run, New York-based Signature Bank. They also agreed to lend to banks in general on favorable terms. A third ailing lender, First Republic Bank, failed a few weeks later.

Powell said the Fed was in close contact with institutions that had similar interest-rate risk management or funding issues as the three lenders that failed this spring.

The Fed has come under fire from some critics in recent months for its role in easing supervision and regulation of midsize banks, which followed bipartisan legislation signed into law by then-President Donald Trump in 2018.

Powell said it would be appropriate to tighten some regulation of banks, including around the risks that certain sources of funding might be less stable than previously believed. “When SVB failed, it was clear that a number of standard assumptions, even though they were informed by hard experience, were wrong,” he said. “Notably, bank runs were no longer a matter of days or weeks—they could now be nearly instantaneous.”

Bank supervision is also due for an upgrade, he said. Fed supervisors at SVB “actually found the liquidity issues and the interest-rate risk management issues, but they were operating under a standard playbook where you escalate things fairly carefully, fairly slowly,’ Powell said. “We need to be more agile and, where appropriate, we need to be more forceful."

[Derby]

https://dailyshotbrief.com/the-daily-shot-brief-june-29th-2023/

The Eurozone: The Bund curve hasn’t been this inverted in decades.

[Lem]

Struggling mortgage borrowers should sell now before house prices fall, lenders say

Interest on fixed home loan deals have risen as high as 6pc as a result of efforts from the Bank of England to tackle stubbornly-high inflation by increasing interest rates.

The more rates climb, the more indebted those borrowers in mortgage arrears could become, prompting the Chancellor last week to publish a mortgage charter in an effort to spur lenders into offering more flexible forbearance options to borrowers.

These included extending the mortgage term temporarily rather than permanently, and switching to interest-only payments without ruining their credit score.

Mortgage lenders also agreed not to repossess a home without consent in the twelve months after the first missed payment.

Earlier this month, the banking trade body UK Finance revealed mortgage repossessions had hit their highest level since the pandemic.

But Mark Bogard, chief executive of the Family Building Society, said voluntarily selling homes instead could be the best option for some indebted borrowers.

He said: “By hanging on it will only get worse. Sometimes, you just have to stop.”

Mr Bogard recalled one mortgage customer of Family BS who had, for the past two years, made use of various forbearance options to stave off a voluntary sale.

During those two years, the borrower had built up over £100,000 in credit card debt. 

He said: “The regulator has since, with hindsight, said the borrower should have sold up two years ago and cleared the debt. The Financial Conduct Authority’s inclination is to help people stay in their home when that is appropriate in their individual circumstances.

“But a falling housing market changes the dynamic of what is potentially the optimal solution for the individual.”

So far, house prices have fallen by around 4pc since their peak last year – less than half the amount they rose by.

But house prices are tipped to fall by a further 8pc, according to forecasters Capital Economics. From peak to trough, prices will fall 12pc overall based on this projection.

Mr Bogard said the earlier some borrowers in debt get out, the more equity they will be left with – though he admitted it was a difficult call to make, and stressed that selling up was “absolutely a last resort”.

He added: “Of course, if you hang on and interest rates come down then you might be okay.”

Charlotte Harrison, home financing boss at Skipton Building Society, said borrowers certainly need to consider the equity in their property and whether they want to weather the storm.

She added: “Everyone’s situation will be different. For a small minority of borrowers, sadly the best option may be a voluntary sale.

”One silver lining to that is the double digit house price growth enjoyed during the pandemic. This means borrowers have got more equity than they would have in other times of the market.”

A spokesman for the FCA said its longstanding position was that repossession or a sale should be a last resort.

They added: “However, where other support hasn’t resolved the situation, a borrower is in serious arrears, their balance is increasing and their share of ownership is being eroded, this can lead to poor financial outcomes.

“In these circumstances it may sometimes be in the borrower’s best interest to sell the house.”

London broker Martin Stewart said he was increasingly hearing reports from estate agents of people “rushing for the lifeboats” in the hope of selling their properties before anyone else.

He said: “If you are trying to jump on a bandwagon, it means you’ve already missed it. If there are to be a glut of properties on the market they are unlikely to be met with a glut of buyers.

“The market will become gridlocked, a stand off will entail between deluded sellers and cautious buyers and it will make for a very long summer for the housing market.

“I have spoken to a number of clients who have asked whether they should sell. I have suggested, unless they really need to, it may be better not to follow the herd and wait for the market to find its feet.”

Mr Stewart said if everyone is suggesting they panic sell then the UK will end up with “the market it deserves”. 

[Cadavre Exquis]

https://www.eleconomista.es/vivienda-inmobiliario/noticias/12347859/06/23/panico-a-la-okupacion-el-negocio-de-seguros-y-alarmas-se-dispara-tras-la-ley-de-vivienda.html

https://www.eleconomista.es/vivienda-inmobiliario/noticias/12347660/06/23/solo-el-22-de-los-jovenes-tiene-ahorros-para-comprar-casa.html

https://www.pressreader.com/spain/el-economista/20230630/page/22/textview

Canarias, epicentro del lujo con precios más asequibles

https://www.pressreader.com/spain/el-economista/20230630/page/24/textview

Así revolucionará la IA la arquitectura

https://www.pressreader.com/spain/el-economista/20230630/page/26/textview

Alquilar casa en la playa: hasta 3.000 euros semanales

https://www.pressreader.com/spain/el-economista/20230630/page/28/textview

Evolución, consolidación y diversificación del 'coworking'

https://www.pressreader.com/spain/el-economista/20230630/page/30/textview

Cómo convertir un edificio de viviedas en accesible

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/opinion/noticias/12347705/06/23/evitar-el-triunfalismo-con-el-ipc.html

Saludos.

[Cadavre Exquis]

https://www.eleconomista.es/opinion/noticias/12347764/06/23/intervencionismo-que-danara-al-inmobiliario.html

https://www.eleconomista.es/vivienda-inmobiliario/noticias/12347228/06/23/la-primera-decision-de-collboni-declara-barcelona-zona-de-mercado-de-vivienda-tensionada.html

Saludos.