"Andalusia accounts for more than a quarter of the total turnover of the national market".
Andalusia leads in new home sales and property investment in Spain. More than half of the buyers are acquiring homes for the first time in their lives and almost 5% are doing so to invest in the future. The data is encouraging and conveys a reality full of optimism: people want more houses than are being built; this is what emerges from a report by Aedas Homes, with the collaboration of Tinsa and JLL.
Andalusia accounts for more than a quarter of the total turnover of the national market. And this is understandable if we consider that, for example, in Seville, the supply of brand new homes only reaches 36.4% of the total demand.
The figures show that the majority of buyers, in addition to having an average age of over forty years (43.2), are mainly making their first home purchase (54.1%). 36.9% acquire the property to replace a previous one and 4.7% carry out the operation to invest in the future, to leave it for their children or, directly, to rent the property.
Gone is the stereotype of the retired couple who move to the coast of Malaga: "There are those who do, who come to spend their final years, but we see that the age of clients from abroad is advancing. There are companies from northern Europe that move here with their staff, and these workers bring their families with them. Or they spend part of the year, half of the year, in Andalusia, but they already know that they will stay here".experts conclude.
The news, which is great for Andalusia, means that people are reinvesting their money and the capital is staying here. This trend has been joined precisely by the strongest moment of alternative private equity financing for real estate, which has one of its strongholds in the south of Spain, along the Mediterranean coast.
Thus, the Commercial Director of DEXTER points out that "We are offering off-bank financing solutions to developers and builders who do not want to miss the moment, who are aware that we are on the crest of the wave, who need speed and agility to move forward with their developments. And, undoubtedly, this alternative financing model helps to understand the great numbers of real estate in Andalusia (especially residential) despite the fact that traditional banking, in terms of credit, is shrinking".concludes Guillermo Díaz.
