Post by account_disabled on Mar 11, 2024 6:57:25 GMT -5
Juan Velayos is president of the fair specialized in the real estate business The District, which will be held in Barcelona from September 20 to 22. The director is also the founder and partners of JV20 and a professor in various master's degrees specialized in real estate. Velayos reviews the latest news from an event that has placed the Catalan capital in the spotlight of international real estate, despite being not very “business friendly”. The manager also makes an assessment of the new Barcelona government and what the PSC could achieve in the next four years of the legislature.
He presides over the real estate show at The District, in Barcelona. What is your role within the event?
The role of president is mainly to act as a bridge Cambodia Telegram Number Data between the sector and the event while also having responsibilities at the institutional level as a representative of The District. For me it is a pleasure to contribute, with this role, to the development of the industry on an international scale, connecting great Real Estate leaders so that they come to Barcelona to learn about the challenges and megatrends of real estate, in addition to creating new business opportunities.
The last few years have been a roller coaster in Barcelona. What is the real estate situation in the Catalan capital right now?
Barcelona, like the major European capitals, is currently in a changing and volatile situation due to inflation, community monetary policy, and the rise in interest rates. It is for these reasons that real estate investment at the end of 2023 is expected to fall between 20% and 30% in Barcelona at a time marked by price readjustment. Taking this into account, it is worth saying that the Catalan capital has remained one of the centers of Real Estate investment in the country as a whole, just like Madrid, and that it maintains interest on the part of the international industry.
If we look at housing assets, Barcelona continues to be considered a stressed area due to the high demand derived from foreign investment, a fact that will cause prices to fall by less than 1% in the coming months. This situation affects rentals, since due to the loss of purchasing power and the increase in purchase and sale prices, the demand for rentals is increasing in a market where supply is scarce.
Likewise, 'living' has made an important step in the market of the Catalan capital, increasing the level by almost 30%, with notable assets such as student residences or buildings intended for rent; as has also occurred in industrial and logistics, which have emerged with 18% of the total.
Barcelona has just changed its mayor after 8 years with Ada Colau at the helm. What Barcelona has the old government left behind and what Barcelona do you expect for the next four years in terms of the real estate business.
He presides over the real estate show at The District, in Barcelona. What is your role within the event?
The role of president is mainly to act as a bridge Cambodia Telegram Number Data between the sector and the event while also having responsibilities at the institutional level as a representative of The District. For me it is a pleasure to contribute, with this role, to the development of the industry on an international scale, connecting great Real Estate leaders so that they come to Barcelona to learn about the challenges and megatrends of real estate, in addition to creating new business opportunities.
The last few years have been a roller coaster in Barcelona. What is the real estate situation in the Catalan capital right now?
Barcelona, like the major European capitals, is currently in a changing and volatile situation due to inflation, community monetary policy, and the rise in interest rates. It is for these reasons that real estate investment at the end of 2023 is expected to fall between 20% and 30% in Barcelona at a time marked by price readjustment. Taking this into account, it is worth saying that the Catalan capital has remained one of the centers of Real Estate investment in the country as a whole, just like Madrid, and that it maintains interest on the part of the international industry.
If we look at housing assets, Barcelona continues to be considered a stressed area due to the high demand derived from foreign investment, a fact that will cause prices to fall by less than 1% in the coming months. This situation affects rentals, since due to the loss of purchasing power and the increase in purchase and sale prices, the demand for rentals is increasing in a market where supply is scarce.
Likewise, 'living' has made an important step in the market of the Catalan capital, increasing the level by almost 30%, with notable assets such as student residences or buildings intended for rent; as has also occurred in industrial and logistics, which have emerged with 18% of the total.
Barcelona has just changed its mayor after 8 years with Ada Colau at the helm. What Barcelona has the old government left behind and what Barcelona do you expect for the next four years in terms of the real estate business.