100 out of 400 million real estate is invested in housing.
The data are quite revealing. The residential sector accounted for 24% of real estate investment in the first half of 2023, according to BNP Paribas. This means that it accumulated a volume of 1.19 billion euros and that it is a market that is undoubtedly attractive to investors, despite the interest rate hikes recorded in recent months and the subsequent slowdown in activity.
By geographical area, the most sought-after markets by investors were Madrid, Barcelona, Valencia, Majorca and Malaga. In addition, there is a high level of interest from investors and developers in the acquisition of office properties to convert them into residential properties for sale and rent.
Let us recall that in 2022, 79,935 homes were completed in Spain, 4.9% less than in 2021; and that 2022 closed with a figure of 649,105 home sales and purchases, a figure that represented an annual increase of 14.6% and the highest records since 2007.
During the first six months of 2023, 315,783 housing transactions were recorded, representing a slight decrease of 4.48% compared to the same period in 2022. DEXTER's Risk Analysis Department is one of the company's main driving forces when it comes to analysing the viability of financing applications submitted by real estate entrepreneurs: "We are constantly aware of the evolution of the sector, the demand for housing, the typology, the areas, the profile of the buyer, the bets that developers and builders are making... the availability of this fresh, first-hand, accurate, rigorous information helps us to make operations viable and, above all, to be agile in our relationship with the client", concludes Rubén Miñarro, Principal Analyst at DEXTER.
100 out of 400 million real estate is invested in housing.
The data are quite revealing. The residential sector accounted for 24% of real estate investment in the first half of 2023, according to BNP Paribas. This means that it accumulated a volume of 1,190 million euros and that it is a market that is undoubtedly attractive to investors, despite the interest rate rises recorded in recent months and the subsequent slowdown in activity.
By geographical area, the most sought-after markets by investors were Madrid, Barcelona, Valencia, Majorca and Malaga. In addition, there is a high level of interest from investors and developers in acquiring office properties to convert them into residential properties for sale and rent.
Let us recall that in 2022, 79,935 homes were completed in Spain, 4.9% less than in 2021; and that 2022 closed with a figure of 649,105 home sales and purchases, a figure that represented an annual increase of 14.6% and the highest figures since 2007.
During the first six months of 2023, 315,783 housing transactions were recorded, representing a slight decrease of 4.48% compared to the same period in 2022. DEXTER's Risk Analysis Department is one of the company's main driving forces when it comes to analysing the viability of financing applications submitted by real estate entrepreneurs: "We are constantly aware of the evolution of the sector, the demand for housing, the typology, the areas, the profile of the buyer, the bets that developers and builders are making... the availability of this fresh, first-hand, accurate, rigorous information helps us to make operations viable and, above all, to be agile in our relationship with the client", concludes Rubén Miñarro, Principal Analyst at DEXTER.
