"The profile of entrepreneurs financing themselves with private equity has changed".
All indicators suggest that housing continues to be a good investment for 2023, and that the pace of sales and purchases will remain very high. Investing in bricks and mortar has always been an effective resource for those seeking a low-risk but profitable destination for their savings, and today it continues to be a refuge in times of uncertainty. Investment in property development offers returns well above inflation, with a contained level of risk.
It is true that inflation, and the consequent rise in interest rates, has been dampening the real estate figures since the beginning of 2022. But activity in the sector is still proving to be an important driving force for the economy, with a dynamism similar to the years prior to the pandemic. And Spain's outlook here is better than that of its neighbouring countries.
It is a fact that the residential market has weathered the economic turbulence comparatively well. And a large part of the explanation lies in the increase in private capital as a resource for financing new developments with a formidable commercial projection.
The CEO of DEXTERYeidy Ramirez points out that "The presence of both international investment funds in Spain and investors from abroad who are betting on our country for their businesses means that the trend we expect for 2023 will be very good. There are also certain products, such as developer loans, in which the growth is going to be impressive, insofar as traditional banks have practically stopped offering them as they did in the past"..
In addition, the company's top executive adds that "the profile of private equity-financed entrepreneurs has changed. A few years ago, it was about people, about companies that were usually in difficulties. Today, it is about those whose businesses are on an incredible ramp of growth and who want to continue on this path. To do so, they are looking for solid, reliable, fast, agile, close and transparent partners. And that's where they find us".concludes Ramirez.
