"Real estate and private equity will drive the economy in 2023".

At a time of some macroeconomic uncertainty, there is a consensus in the business world that the real estate sector will continue to beat fast in 2023. There is a certain economic slowdown, rising interest rates, high inflation and a war in Ukraine that does not seem likely to end in a matter of days, but real estate remains and will remain strong, with some changes in financing.

From traditional banking, there will be a further shift to alternative financing with private capital, where DEXTER has a leading position in the market as a financial intermediary and manager. There is ground on which to operate: "For new housing, the solid fundamentals on which this market is growing have become apparent; there is a solvent and pent-up demand; there is limited production capacity; and developers have a low level of indebtedness".as pointed out, for example, by Aedas.

It should not be forgotten that the sector's production level remains at barely 100,000 units per year, when a country like Spain requires between 120,000-140,000 new homes per year. Housing production is still below demand; and the sector is in the midst of a transformation towards modern construction methods based on industrialisation. In a way, the overall construction time is being reduced, labour shortages are being alleviated and construction costs are being fought.

By 2023, real estate in Spain is expected to attract money in search of great opportunities in segments such as build to rent (BtR), residential, senior housing and student residences. Financing via investment funds will play a key role. Thus, from DEXTERCommercial Director, Guillermo Díaz, points out that "Every day we see more and more not only a diversification of clients but also a wider variety of projects. Entrepreneurs are clear that where they have margin, they need to be. And with good margins, they need the speed and agility that alternative private equity financing provides".concludes Díaz.