Private equity is helping real estate and construction companies to do well
Shortly before the summer, some data transcended that are clearly setting a trend. Real estate and construction companies accounted for 30% of the mercantile companies created in June. It is a fact that analysts do not foresee a crisis in real estate and speak of "normalisation" after the boom experienced during the pandemic, mainly in 2021 and 2022. In short, there is talk of "balanced growth".
The result of this appetite for bricks, which in addition to being a basic necessity is a safe haven in situations of uncertainty, is the aforementioned creation of companies in a sector that continues to grow, according to the figures of the National Statistics Institute (Instituto Nacional de Estadística).
Specifically, 19% of the mercantile companies created before the summer corresponded to Trade, and 18% to Real estate, finance and insurance, while in third position we find construction companies with 13%. The experts conclude, in this sense, that the demand for housing remains strong because many operations are being closed without financing, thanks to the savings accumulated during the pandemic, and in other cases private capital is acting, given the situation of a certain withdrawal of traditional banking: alternative financing is expanding its already large space there.
It is not surprising in this context that several real estate chains are strengthening their commercial network during these months. This is the case of Solvia, which is on the way to opening 100 physical shops throughout Spain. For its part, Tecnocasa, which currently has more than 850 franchised sales outlets in Spain, is aiming to exceed 900 offices this year and reach 1,000 by 2024.
DEXTER's Senior Risk Analyst, Rubén Miñarro, stresses that "one of the points that is facilitating financing via investment funds is that we are seeing very clear amortisation of operations. This, in real estate financing, means that we are seeing that there is commercial strength in the promotions, that there is demand, and above all that the businessman has access to it quickly. That is why they are looking for our agility when it comes to having the necessary resources to develop and build", concludes Miñarro.
Private capital is helping real estate and construction companies to do well
Shortly before the summer, some data transcended that are clearly setting a trend. Real estate and construction companies accounted for 30% of the mercantile companies created in June. It is a fact that analysts do not foresee a real estate crisis and speak of "normalization" after the boom experienced during the pandemic, mainly in 2021 and 2022. In short, there is talk of "balanced growth".
The result of this appetite for the brick, which in addition to being a basic necessity is a safe haven in situations of uncertainty, is the aforementioned creation of companies in a sector that does not stop growing, according to the figures of the National Statistics Institute.
Specifically, 19% of the mercantile companies created before the summer correspond to Commerce, and 18% to Real Estate, finance and insurance, while in third position we find construction companies with 13%. The experts conclude, in this sense, that the demand for housing remains strong because many operations are being closed without financing, thanks to the savings accumulated during the pandemic, and in other cases private capital is acting, given the situation of a certain withdrawal of traditional banking: alternative financing is expanding its already large space there.
It is not surprising in this context that several real estate chains are strengthening their commercial network during these months.
This is the case of Solvia, which is on the way to opening 100 physical stores throughout Spain. Tecnocasa, which currently has more than 850 franchised points of sale in Spain, is aiming to exceed 900 offices this year and to reach 1,000 by 2024.
In this context, DEXTER's Senior Risk Analyst, Rubén Miñarro, emphasizes that "one of the points that is facilitating financing via investment funds is that we are seeing very clearly the amortization of operations. This, in real estate financing, means that we are seeing that there is commercial strength in the promotions, that there is demand, and above all that the businessman has it quickly. That is why they are looking for our agility when it comes to having the necessary resources to develop and build", concludes Miñarro.
