Post by account_disabled on Feb 20, 2024 2:37:46 GMT -7
Madrid takes silver in the European competition for investment in living. The capital is the second most attractive European city for international investors in terms of rentals and student residences, only behind London, according to the latest edition of the European Living Investor prepared by the real estate consultancy Knight Frank , which analyzes the main trends in the residential sector throughout Europe.
This report, which includes a survey of 51 institutional Chinese Student Phone Number List investors and family offices that accumulate 67 billion euros allocated to residential assets across the continent, suggests that in the next five years investments in the residential sector will increase by 23 billion euros. throughout Europe, and Madrid will be one of the leading cities in terms of rental housing and student residences, being the second community capital where the most resources will be allocated.
Likewise, the investors surveyed are also interested in the capital to invest in the field of senior living, which is in fourth position in the opinion of those surveyed, behind cities such as London and Milan.
Thus, the economic prospects predicted for the country are good. The growth forecast by organizations such as the OECD places it at 2.3% in 2023, ahead of the average for the Eurozone, the US (2.2%) and Japan (1%), among others.
Residential sectors are considered a very attractive asset class given the widespread market uncertainty. The difficulty of accessing housing has also led to a great demand for rentals, but 61% of those surveyed affirm that the higher cost of debt is a barrier to deploying more capital.
“Spain offers a clear attraction for living investors and is therefore very well positioned to benefit from the increase in investment activity that we expect for the first half of 2024. We perceive high interest in the entire range of residential products in profitability as well as of a clear trend towards the development of assets in coy flex living and student residences,” says Elaine Beachill, Head of Living in Spain.
“Given the delivery of some 15,000 units over the next 12-18 months, and the good performance of the buildings already delivered, we expect to see an increase in investment in these types of assets for next year,” adds the directive.
This report, which includes a survey of 51 institutional Chinese Student Phone Number List investors and family offices that accumulate 67 billion euros allocated to residential assets across the continent, suggests that in the next five years investments in the residential sector will increase by 23 billion euros. throughout Europe, and Madrid will be one of the leading cities in terms of rental housing and student residences, being the second community capital where the most resources will be allocated.
Likewise, the investors surveyed are also interested in the capital to invest in the field of senior living, which is in fourth position in the opinion of those surveyed, behind cities such as London and Milan.
Thus, the economic prospects predicted for the country are good. The growth forecast by organizations such as the OECD places it at 2.3% in 2023, ahead of the average for the Eurozone, the US (2.2%) and Japan (1%), among others.
Residential sectors are considered a very attractive asset class given the widespread market uncertainty. The difficulty of accessing housing has also led to a great demand for rentals, but 61% of those surveyed affirm that the higher cost of debt is a barrier to deploying more capital.
“Spain offers a clear attraction for living investors and is therefore very well positioned to benefit from the increase in investment activity that we expect for the first half of 2024. We perceive high interest in the entire range of residential products in profitability as well as of a clear trend towards the development of assets in coy flex living and student residences,” says Elaine Beachill, Head of Living in Spain.
“Given the delivery of some 15,000 units over the next 12-18 months, and the good performance of the buildings already delivered, we expect to see an increase in investment in these types of assets for next year,” adds the directive.