"Experts predict that housing construction will continue to stand at 100,000 units per year".
The real estate sector has solid foundations to get off to a good start in 2023. Generally speaking, operators are moderately optimistic, in line with the expected moderation in market growth, and with a strong focus on residential development.
Even during the pandemic, housing has proven to be a very resilient asset, being the main investment focus of Spaniards. Given this and the robustness of the companies that are now part of the sector, calm reigns for the time being.
In new construction, this situation is not stressful because, once the market has been sized after the bursting of the real estate bubble, the product has a higher volume of demand compared to supply, which protects it in situations such as the one that is approaching. Thus, large developers have pre-sales in excess of 70% for projects over the next two years and have been stabilising and measuring the volume of project launches for months.
Experts predict that housing construction will continue to remain at 100,000 units per year, probably below, with supply falling short of demand in large cities and in the most economically buoyant areas. Thus, most advisors and analysts agree that housing prices will continue to rise in 2023. However, the rise will be more moderate, against a backdrop of a lack of ready-to-build land, high prices and high prices.
The CEO of DEXTERYeidy Ramirez points out that "In this environment, we are fully convinced that we will offer fast and agile solutions to developers. Today, the opportunities are there for all to see. There are clearly successful projects but, we cannot deny it, it is not the best time to provide equity, there may be some equity stress, especially for developers and builders to start up... and here we are going to make entrepreneurs strong through financing, so that their promotions are not left in a dead end or in search of financing through traditional banks that often wait too long and end up, desperately, not arriving".concludes the company's top executive.
