DEXTER, a benchmark for alternative financing on the Madrid-Malaga axis
A few days ago we learned that Malaga, Madrid and Seville are among the cities in the world where housing prices are rising the most. It was a study by the consultancy firm Knight Frank that indicated that house price inflation would slow down in the world's main cities in the first part of 2023. This, after analysing the main real estate markets in 150 cities around the world.
Among the key cities in the index are some Spanish cities such as Malaga, in 22nd place with a percentage change over the last twelve months of 8.6%, and Madrid, which is in 53rd place with 4.6%.
Despite the impact of rising interest rates in developed economies, real estate markets are holding up well and the pace of buying and selling remains strong. This is one of the reasons why DEXTER has maintained in the last 24 months a very high rate of increase in the granting of loans in the real estate sector and specifically in the residential sector, with a large part of them being concentrated both in Madrid (capital and Autonomous Community) and in Malaga (city and Costa del Sol in general); operations in which the mortgage guarantee of the asset is required and worked exclusively.
Yeidy Ramirez, CEO of the company, assures that "The Madrid-Malaga axis has undoubtedly become a powerful generator of wealth at all levels in Spain. We have noticed that entrepreneurs in the development and construction sectors have approached private capital with special interest in order to fund their projects through alternative financing. We are doing so, and in all types of developments: not only in high-end housing, but also in other medium-priced properties, and in some cases we are even involved in the financing of cooperative and self-promotion operations, provided that the margins and tranches and, in short, the study of the financial structure of the development allow it".concludes the first executive of DEXTER.
DEXTER, a benchmark for alternative financing on the Madrid-Malaga axis
A few days ago we learned that Malaga, Madrid and Seville are among the cities in the world where housing prices are rising the most. It was a study by the consultancy firm Knight Frank that indicated that house price inflation would slow down in the world's main cities in the first part of 2023. This, after analysing the main real estate markets in 150 cities around the world.
Among the key cities in the index are some Spanish cities such as Malaga, in 22nd place with a percentage change over the last twelve months of 8.6%, or Madrid, which is ranked 53rd with 4.6%.
Despite the impact of rising interest rates in developed economies, real estate markets are holding their own and the pace of sales and purchases remains strong. This is one of the reasons why DEXTER has maintained in the last 24 months a very high rate of increase in the granting of loans in the real estate sector and specifically in the residential sector, with a large part of them being concentrated both in Madrid (capital and Autonomous Community) and in Malaga (city and Costa del Sol in general); operations in which the mortgage guarantee of the asset is required and worked exclusively.
Yeidy Ramírez, CEO of the company, assures that "the Madrid-Malaga axis has undoubtedly become a powerful generator of wealth at all levels in Spain. We have noticed that entrepreneurs in the development and construction sectors have approached private capital with special interest in order to fund their projects through alternative financing. We are doing so, and in all types of developments: not only in high-end housing, but also in other medium-priced properties, and in some cases we are even involved in the financing of cooperative and self-promotion operations, provided that the margins and tranches and, in short, the study of the financial structure of the development allow it", concludes DEXTER's chief executive.
