Luxury makes inroads into real estate, backed by alternative financing
Spain is emerging as a real phenomenon at European level. 25% of new developments are already aimed at the luxury segment and it is estimated that sales of this type of real estate will grow by 35%. This, according to estimates by Sotheby's International Realty.
New developments give priority to wellness-oriented amenities, exclusivity and personalised services. Thus, Spain is increasingly becoming a country of contrasts and while luxury is growing on the Costa del Sol, Balearic Islands or in the big capitals such as Madrid and Barcelona, there is a growing search for housing among young people in peripheral areas or in cities in full expansion, as 'Engel & Völkers' points out.
By area, Madrid has established itself as one of the most profitable destinations for luxury real estate investment in Europe, with a 10% increase in premium home prices in the last year, behind only London and Paris.
On another note, it is worth noting that more than 77% of searches for luxury homes in Spain come from foreign buyers, while around 23% of searches come from Spaniards themselves.
From DEXTERits Senior Risk Analyst, Rubén Miñarro, points out that "As a financial operator of numerous luxury developments on the Costa del Sol, we observe that there is a predominance of end buyers of these properties with an international profile, Europeans, non-EU, Asians, Americans... the range in this sense has opened up quite a lot in recent years".concludes Miñarro.
DEXTER makes it possible to finance both the purchase of land for the development of this type of elite project and the financing, at 100%, for the construction work.
