"The investment appetite of both large and small domestic savers has been whetted".
It is a historical fact that Spain is the country in Europe with the highest level of citizen ownership, as investment in real estate has been a constant for families and companies, in the case of real estate assets other than residential.
The advent of covid-19, which led to the lockdown of virtually everyone to combat the virus, reduced demand for goods and especially services to levels never seen before. However, euphoria flooded economies as restrictions began to be lifted, leading to excess demand and a lack of supply.
Months later, we find ourselves in a situation in which inflation rates around the world are soaring. This was compounded, from March 22, by the war between Russia and Ukraine, which affected the increase in commodity prices.
After a turbulent year for the economy, but one that has continued to produce very good data in real estate, 2023 looks set to be a year in which savers, seeking to keep their money safe, will bet on housing as a safe haven asset. Companies such as 'Scope Ratings' point out that "strong demand for housing, especially in the big cities, and the lack of new supply, are supporting the stronger prospects for companies in the buy-to-let segment"..
At a time of instability in financial markets, "investment in real estate products, such as homes, garages, offices or commercial premises, can serve as a safe haven from high levels of inflation".adds 'Idealista'.
Fotocasa, on the other hand, points out that last year "The investment appetite of both large and small domestic savers has been whetted (...) there is no financial product on the market at the moment that offers low volatility and a similar return"..
For their part, 'Tinsa' believes that "housing, as a long-term asset, covers shelter needs in the case of both usage and investment demand, as it can provide a steady flow of income over time"..
From DEXTERCommercial Director, Guillermo Díaz, states that "All these ingredients draw our attention to two aspects: first, that development will continue at a very good pace, especially in large population centres and on the coast; second, that given the current demand for agility and speed, private capital and alternative financing will continue to gain market share precisely in the real estate sector..
