"Real estate investment and alternative finance at its best in 2023".

The facts are indisputable and hugely positive. Real estate investment in Southern Europe (Spain, Italy and Portugal) is at a record 31.7 billion, an increase of 36% in the last year.

Spain accounted for 52% of the total (16 billion euros), according to a report by the consultancy firm Savillswhich forecasts a better-than-expected performance for the rest of the continent in 2023. The recovery of domestic consumption after the pandemic, better protection against energy price hikes and a higher GDP growth compared to the European average drove this result.

In Spain, the volume of investment in the real estate sector reached 16.6 billion euros in 2022, representing an increase of 39% compared to the previous year, while Portugal was the country with the largest increase: 67% more, with 3.3 billion euros. Italy, meanwhile, recorded an investment of €11.6 billion, an increase of 26%.

Most of the foreign capital invested in the region came from elsewhere in Europe (23%) and the Americas (15%). According to SavillsIn the future, market fundamentals will continue to be strong and to attract investors, especially in alternative residential assets. The consultancy also notes that, across Southern Europe, the structural imbalance between supply and demand for housing and logistics assets will support rental growth or at least stabilise. It also believes that tenant demand will continue to support the investment market in the region.

From DEXTERits CEO Yeidy Ramirez points out that "Alternative financing with private capital is contributing greatly, especially in Spain, to the soaring activity of developers and builders, which, together with strong end-buyer demand, is keeping the sector at really good levels. What I mean by this is that this high level of real estate investment is inseparable from the appetite that investment funds, such as those represented by DEXTER, are showing for our country".concludes the company's top executive.