In Spain, the rental housing stock is owned by individuals. It is estimated that around 95% of leased homes. In this situation, promoters and funds join forces to boost the professional rental of homes.
Let's not forget that in the last ten years the rental market has grown significantly. The inability of young people to access a property home is one of the reasons. Attached to a change of mentality.
This new system offers many advantages to the promoter, since it reduces commercial risk, increases asset turnover. And at the same time increases the housing stock in Spain.
For Luis Corral, CEO of Contact Us, “This option allows you to recover invested funds faster and take a percentage for turnkey management. In addition, this business represents the opportunity to sell a large number of homes in bulk to a single buyer, simplifying the commercial process. ”
A large part of the rental housing stock is held by individuals
In addition, the perspectives of the sector indicate that more and more people will want to live in the center of the cities. Taking into account that real estate infrastructure in the city is limited, and that for new generations home ownership is a decreasing trend, the role of rent and new alternatives to optimize residential space in cities will be crucial.
Industry experts have analyzed the pros and cons of this business in the magazine El Inmobiliario Mes a Mes. Market trends, promoters and interested funds ...