Inmsa present at sima for the third consecutive year

22 Jun '18

Once again, an INMSA delegation was present at Salón Inmobiliario de Madrid in order to closely follow the positive evolution of the Spanish market and consolidate relationships with the most important operators of the sector.

Mariano Capellino, CEO of INMSA, Ignacio Larraza, Spain Asset Manager of INMSA and Silvina Capellino, Account Manager of the same company, attended the four-day fair, analyzing investment options, meeting with developers, bankers and investment funds.

The twentieth edition of the most important real estate fair in Spain had 9.5% more visitors than 2017.

The Salón Inmobiliario Internacional de Madrid (SIMA) began in May 30th and extended until June 3rd, closing its doors with great optimism and fully convinced that the sector has entered a new cycle driven by the Spanish economy recovery and the demand of residential property. This was reflected in this new edition where 10% of the 300 exhibitors were international

According to Mariano Capellino’s opinion, the Spanish real estate market has been consolidated as a result of an economic situation that continues to strengthen. Indicators such as the unemployment rate continues to show a decline tendency. In addition to this, banks are granting loans both for end users and developers at historically low rates.

The construction sector has started to show signals that it is taking off as an important part of the overstock, as a result of the crisis, has been absorbed. Today, the main cities, not only Madrid and Barcelona, are considered hot markets for investments. Furthermore, international investment funds, which are actively operating, are arriving non-stop. Out of the 150 billion Euros debt in banks – the asset valuation representing them is lower – it is estimated that a third will be sold this year.

This has been driven by a decision made by Banco de España to request financial entities to clean up their balance sheets. Thus, banks need to get rid of those assets. This generates opportunities for players which have negotiation capacity and proper access.

All these variables show that everything we have been saying about the potential of Spain is becoming a concrete reality. For instance, Madrid values went up 15.4% annually in 2017, something totally unusual for any market with low inflation. Other cities experience this growth at 6% or 5% yearly and there are still some of them which are not growing, which also means that there are opportunities for those thinking with a broad risk vision versus opportunities.

It is possible to buy real estate at prices prevailing five years ago, when there were many uncertainties, and with a country which is currently under a sustained development process.

It is already a reality. This was the sensation perceived at the Fair. Not only as indicated by exhibitors who stated that the activity had been intense but also as expressed by the panel of experts.

The number and quality of the visitors in this new SIMA edition is one of the most outstanding aspects. Surveyed exhibitors indicated that they had dealt with more than 500 visitors who were attending the event on their own initiative and who also were showing willingness to buy.

Not only has the real estate sector been experiencing changes but also SIMA visitors. The exhibitors pointed out that attendees were quality participants and that they showed more willingness to buy than in previous editions. They knew what they wanted and they arrived to the fair already very well informed. Furthermore, according to information furnished by SIMA based on the pertinent surveys, all needs have been satisfied such as investors seeking assets for rental purposes or those who prefer to use their savings for the acquisition of property and even families looking for their first home, replacement or touristic unit”. There has been a variety of residential products and types of visitors, even though most of the attendees were within a range of 25-45 years old who were looking for the undoubtedly star products in this twentieth edition: the first home and replacement unit.

The high returns on residential products, compared to other types of assets, are attracting a bigger number of small investors which can see a clear business opportunity in SIMA products. In general, they prefer small housing units in central Madrid or coastline apartments with no more than two bedrooms and located near the beach. This is a rising trend.

Ten percent of over 300 exhibitors at SIMA came from areas outside Spain for this edition of the event. The reactivation of the real estate sector and the recovery of the economy explain this renewed interest in Spain. In addition, and unlike previous editions of the fair, international exhibitors are not exclusively from Latin American countries and the USA. A maximum of 11 countries have been represented in this SIMA edition: Germany, Andorra, USA, France, Hungary, Norway, Netherlands, Portugal, the United Kingdom, Dominican Republic, Sweden and, of course, Argentina.

 

Share Your Thoughts

Your email address will not be published. Required fields are marked *

© 2024 - INMSA.

The content of this document is confidential and was developed by INMSA to provide preliminary and summarized information about this company and the investment opportunities offered by it and the use of this content for any other purposes shall not be allowed. This is exclusively for information purposes and it does not intend to be an offer or recommendation to acquire or sell any real estate or other values and it does not constitute an invitation to submit bids to acquire or sell any real estate or other values. Where applicable, INMSA will only provide preliminary information about investment opportunities and will handle the management processes thereof according to the instructions given by its clients.
The transfer, distribution or copy of this document shall not be allowed in any manner whatsoever and any violation to such rule, either regarding the entire document or part of it, shall constitute a violation of the applicable laws in the United States of America and other jurisdictions where INMSA operates and/or where this documents is submitted.
Any offer for real estate investment shall be exclusively performed by formally submitting all the necessary legal documents, which are not included herein, and such documentation must be revised and analyzed independently by each investor and their finance, legal and tax advisors and experts. In the event that any conflict arises between this document and the abovementioned legal documents, the latter shall prevail.
Neither INMSA nor its affiliates or subsidiaries, partners, directors, agents or employees make any representation or warranty, express or implied, about the accuracy or completeness of the information contained in this document and it shall not be considered as a promise or representation of any past or future performance. This information includes estimates, projections and analysis and judgment elements which have not been verified by INMSA or its affiliates, subsidiaries, partners, directors, agents or employees on an independent basis, therefore, no representations are made as to the accuracy of this information, for that reason, recipients of this information must conduct their own analysis process.
The conditions referred to in this document shall not constitute an offer to sell or an invitation to submit bids for the acquisition of securities or instruments, these conditions shall not apply to the territory of the United States of America and shall not available for investors residing in the United States of America or nationals of such country. Therefore, the instruments described herein have not been filed with the federal authorities of the United States, as enforced by the applicable regulations, in some cases, by the Securities Act of 1933 or with any other federal or state regulatory entity (and have not been filed with any other authority in a jurisdiction outside the United States of America).
INMSA is a company specialized in conducting the necessary management processes so that its clients can make profitable investments, by coordinating and facilitating the relationship between the investor and the different service providers and professionals (lawyers, accountants, realtors, real estate brokers, administrators, property management companies, contractors, service providers, financial entities and any other person and/or company involved in the investment process made by the investor), all of them being independent from INMSA, and their contracting is the sole and exclusive decision of the investor, under its own responsibility, releasing INMSA from any type of liability for any acts, actions and results performed by them.
Based on the above, neither INMSA nor its affiliates, subsidiaries, partners, directors, agents or employees shall liable, at civil, commercial or criminal level, for any damages that might be sustained by the investor when carrying out operations taking as reference the information, evaluations and opinions given by INMSA.