"One of the key elements in enabling builders to get their projects off the ground has been financing".
Beyond the uncertainty that the new Housing Law has occasionally generated, the construction sector has remained strong during the post-pandemic period. Recently, we learned, without going any further, that in a large capital city such as Seville, and in the province, it is the sector that has seen the greatest number of companies created in 2023, a not insignificant figure. This was confirmed by the Study on Business Demographics carried out by Informa, which recorded the creation of 455 new companies in this segment, representing 21.12 % of the total.
Market confidence exists, despite inflation and rising interest rates for mortgages. Thus, one of the key elements for builders to be able to move forward with their projects has been financing, and particularly the improvement in the gallery of financial instruments that facilitate the solvency of entrepreneurs and give them, in short, peace of mind.
Beyond the route provided by traditional banking, DEXTER has experienced first-hand an exponential increase in requests for financing from builders and developers; and in this sense, the company (as a fund manager and financial intermediary), makes it possible to provide the capital for the 100% of the work, through the corresponding certifications and control of the progress of the work, in all sectors of real estate (not only residential).
The company's Commercial Director, Guillermo Díaz, points out in this regard that "The builder, in a very clear and constant way, is increasing his confidence in alternative financing. They are seeing the speed, the agility, the potential to launch projects when the banks are concentrating on reserves or pre-sales and preventing progress. This is where a company like DEXTER plays a strong role, in that first tranche, making it possible to provide capital in real estate developments of great commercial strength, even when there are no reserves yet".concludes Díaz.
