CCAA's Transcendental Political and Legal Situation in Rental Build Development
Gloval has confirmed that large developers and investment funds are raising their position in buying land that can be built for rent.
In Spain, despite the solid fact of buying homes for living, large developers and investment funds are increasing their presence in buying land that can be built for rent. Currently, the number of developments and projects that have started or will be launched in Spain is about 3,600 and exceeds 20 million euros.
The changes the population is experiencing in both economic and social terms as a result of the uncertainty situation caused by the COVID-19 pandemic has accelerated this constructive figure.
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In this sense, the legal component and political situation of each autonomous community are very important to measure the systematic risk to analyze the feasibility of each project, as mentioned in September's "Real Estate Market Trends" report. 2020 prepared by Global, a valuation and consulting company.
Built-to-rent investments in 2019 exceeded 600 million euros, and despite the current pandemic, we expect significant growth over the next few years and are expected to bring about the effects of a buy-to-rental transfer to tighten. Conditions of access to the acquisition of housing, especially in central areas of large cities. The Gloval report asserts, “The change the population is experiencing in terms of increased economic and social escalation due to the uncertainty situation caused by the COVID-19 pandemic has accelerated this constructive figure,” the Gloval report asserts.
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They are typically houses with a few meters, common areas and services, and transport networks, shops, supermarkets, etc. are integrated to allow owner funds to optimize management.
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