"For 45% buyers it is a long term investment and for another 39% it is a way to build equity".
In the current economic context, the purchase of second homes continues to be a growing trend and is presented as both an investment opportunity and an opportunity to add equity, a property for which banks finance between 60% and 75% of its total value.
This upward trend is already far outstripping rental demand, in the same way as has happened with the search for a primary residence. And this, in a context in which experts estimate that house prices will barely rise by 1% in 2022 and 2023.
65% of second home buyers are looking to buy, compared to 35% who want to rent. This means that developers and builders are focusing their projects on this customer profile, which is more demanding today than before 2008.
For 45% of buyers it is a long-term investment and for another 39% it is a way of building equity. Meanwhile, 22% consider second homes to be good insurance for the future at a time of inflation and rising interest rates.
From the Risk Department of DEXTERits director, José Enrique Chasserot, points out that "Every day we are seeing how entrepreneurs with many years of experience in the sector who have traditionally resorted to banks and savings banks are now looking to alternative financing. Why? The environment can change at any time, and they are well aware that flexibility, agility and speed in making financial resources available end up making their promotions viable, profitable and effective. This is the key".he concludes.
