"Demand, not only but especially for residential, remains strong".
Most analysts, and the statistical data itself, confirm that the ECB's interest rate hike may create price adjustments, but not an abrupt impact on investment.
It is true that an inflationary environment always sets off alarm bells, causing investors to become more cautious and selective about the projects they choose, and to make a more thorough screening and appraisal of projects in the decision-making process.
The real estate sector, with its particular idiosyncrasies, continues to be a safe haven in these times of uncertainty, and there are sectors that currently have very high profitability. This is the scenario that is taking shape and crystallising for 2023.
Demand not only but especially for residential is still strong, there is a lively component in the market which is the growing arrival of international buyers - moreover in a non-seasonal way, not only in summer and in the good weather - and this causes promoters and builders to go ahead with their projects.
In this scenario, and with bricks and mortar as a safe haven, private equity is playing an increasing role in financing projects across the real estate spectrum. From DEXTERCEO, Yeidy Ramirez points out that "We are closing a year in which, given some doubts regarding 2023, businessmen are looking for liquidity to speed up the works they want to carry out or finish off those that are underway. And this is where our role, through alternative financing, is essential", concludes the company's chief executive.
