"The Costa del Sol concentrates half of the Andalusian offer in a business that in the community already moves the considerable figure of 1,800 million euros".
This has been a partly predictable phenomenon. The end of wealth tax in Andalusia has triggered investment interest, among other business models linked to real estate, in holiday flats. In fact, it is no coincidence if one considers that the Costa del Sol concentrates half of the Andalusian offer in a business that in the community already moves the considerable figure of 1,800 million euros.
Carlos Pérez-Lanzac, president of the Andalusian Tourist Housing Association (AVVA) has confirmed that the business is reaching "pre-pandemic figures". And it is not surprising considering that private capital, beyond bank financing, is operating as a fundamental tool for entrepreneurs to buy assets, refurbish them, update them and equip them with everything that is essential for the operation of the tourist flat model.
From the Risk Department of DEXTERDirector José Enrique Chasserot stresses precisely that "Every day more and more developers, builders and entrepreneurs in general identify a building, carry out the relevant work to make it competitive in terms of operating this business, and come out ahead with excellent profit margins.. Chasserot adds that "Within our financial schemes, these are asset purchase operations, operations for which alternative financing is used because of its agility and efficiency, among other factors and advantages.The DEXTER.
