"(...) at the current buying rate, there will be hardly any new housing available after the summer: it is being built, but not enough'".
The latest edition of SIMA 2022, the major real estate event in Spain and even in Europe, has confirmed this: "The euphoria is a fact, the flats for sale won't last a month".said developers and builders.
The number of mortgages taken out on homes in Spain is increasing year-on-year by around 20%, compared to the figures for 2021, confirming the magnificent health of the sector. This, with many districts of cities such as Madrid or coastal enclaves where demand is higher than supply: the appetite of the buyer, Spanish and international, is a reality that is moving the economy at a key pace.
Andalusia, Catalonia and Madrid are pulling the cart. This is not surprising, given that these are some of the Autonomous Communities in which DEXTER is carrying out a greater number of mortgage financing operations in the post-pandemic scenario and in its four modalities: both bridging loans and loans for the purchase of land, loans for the purchase of assets and, very strongly, loans to developers, who know that it is not advisable to let good opportunities pass them by.
It is no exaggeration to speak of euphoria or a bullish rally. According to what was confirmed at SIMA, with a supply of 15,000 homes, in cities such as Madrid, at the current rate of purchase, after the summer there will be hardly any new housing available: there is construction, but not enough.
It is precisely in this context that the CEO of DEXTERYeidy Ramirez assures that "Faced with the reality that developer lending is not a priority business for traditional banks, these entrepreneurs are turning to private equity, and it is great news that they are betting on property management companies with proven experience and a very deep and specialised knowledge of the market. It is from this base that we are providing them with solutions and the capital they need to get off the ground".he added.
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