"There is great dynamism in the market and the availability of private capital is there, not only when other resources fail, but also as a first option".
It has been a constant, and has been since the end of the pandemic: prices in the residential market are rising, in a trend that is still continuing. Not only in Europe or Spain: in the United States they have risen by 35% on average in the case of housing. The factors are multiple: on the one hand, the increase in consumer savings due to the covid-19 closures; on the other, working from home.
This has been compounded, in certain areas, by a lack of supply in the face of buoyant demand.
There is a certain consensus among experts not to confuse the rapid rise in prices with a bubble, due to the certain restraint in the use of credit from traditional banks. Precisely because of this, alternative financing, with private capital resources, is finding a sweet moment, among others, in countries such as Spain.
The CEO of DEXTER Global Finance, Yeidy Ramirez says that "in this context in which the demand to promote and develop real estate projects is clear, there is a certainty in the possibilities that investment funds are offering in the case of Spain. We are making possible the construction of urbanisations and residential developments, in short, in very different enclaves, both in cities and in coastal areas, mainly on the Mediterranean coast. There is great dynamism in the market and the availability of private capital is there, not only when other resources fail, but also as a first option," he points out.
The lack of housing supply, in part created by the shortage of labour and construction materials, is provoking a search to unblock certain projects that were even underway, on standby due to lack of financing. Private capital is proving that it not only goes where others do not, but, almost more importantly, at a time of decisive growth for companies in the sector.
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