"There is a high demand for residential in the two capitals, with purchases encouraged by nationals as well as foreign citizens and companies".
Just a few days ago, the headline was clear: Madrid and Málaga, with property prices closer to 2007 highs. The latest statistics reveal, in fact, that both markets are important poles of activity - the most powerful in Spain - due to the dynamism of their labour and tourist markets, experiencing strong demand after the pandemic that continues to spike upwards.
The data are from TINSAThe results of the survey show the high demand for residential property in the two capitals, with purchases being encouraged by both nationals and foreign citizens and companies. So much so that there are experts who speak of a certain risk of 'overheating' of prices for the end buyer. But there is another side to the coin, and that is the extraordinary niche that developers and builders are finding for their business development, and entrepreneurs in general who are seeing how their real estate projects have an extraordinary commercial impact and can go ahead in short timeframes and deadlines.
This is being done to a large extent by actors such as DEXTERThe company, which in the field of financial management and intermediation is making it possible to provide capital so that developments with a project and a licence, ready to start up, can obtain the alternative, extra-bank financing that traditional institutions are not in a position to provide.
The Risk Manager of DEXTERJosé Enrique Chasserot, stresses that "Malaga is currently the highest scoring area for our funds from many points of view and analysis factors. In real estate and residential, the effect of the capital has spread to many other municipalities, in terms of economic growth and opportunities. And the same is true of areas such as Marbella, which have created a 'contagion effect', in a positive sense, in neighbouring municipalities where private equity financing is increasing enormously, such as Mijas, Benahavís or Estepona".concludes Chasserot