AQ Acentor, the promoter of the German fund Aquila Capital, promotes 25% of the brand new properties which can be bought within the Barcelona space, in response to knowledge from the Activum Actual Property consultancy, which makes it an excellent chief in Catalonia with greater than 800 properties on the market.
AQAcentor, the promoter of the German fund Aquila Capital, promotes 25% of the brand new properties which can be bought within the Barcelona space, in response to knowledge from the Activum Actual Property consultancy, which makes it an excellent chief in Catalonia with greater than 800 properties on the market.
AQ Acentor, which Sergio Gálvez has directed since final 12 months, has a 3rd of its exercise in Spain in Catalonia, with some 350,000 m2 of land, and two star developments: City Fira, a venture in La Marina del Prat Vermell, in Barcelona, with 680 properties in varied phases, and AQ Llevant, within the previous Bòbila de Gross sales in Viladecans, with 900 properties in numerous phases.
Three promoters account for 47% of the properties being marketed within the metropolitan space: AQ itself along with Aedas Properties (12%) and La Llave de Oro (10%). Following them are Neinor Properties (7%), Culmia (7%) and Kronos Properties (5%).
Antonio Lodeiro, CEO of the advisor, highlighted that 71 developments are being marketed in metropolitan Barcelona, with 3,225 properties, of which half (1,533) are within the capital, 662 in Badalona, 307 in Esplugues de Llobregat and 297 in L'Hospitalet de Llobregat. “The promotions underway within the metropolis started earlier than the duty to switch 30% to social housing got here into drive. When these run on the market can be no reduction, ”he mentioned.
The rise in building prices after the outbreak of the conflict in Ukraine and the rise in rates of interest have produced a flip by builders, who in lots of circumstances go for construct to lease, to promote total phases of a improvement at a fund to promote it for lease, as a substitute of placing it up on the market. "In conventional promotion, the financial institution requires between 40% and 60% of pre-sales to grant financing, and it's the promoter who has to imagine the chance that the prices of the work will skyrocket, as has occurred in latest months" , he explains, since reaching that stage often requires between six and 9 months for a median promotion of fifty flooring.
However, explains Lodeiro, "for those who promote the event one hand, you'll be able to shut a contract with a building firm on the identical time: you sacrifice margin however it's safer," he explains.
The hyperlink with the rental makes these operations much less frequent in Catalonia, the place the brand new Housing legislation may have extra influence as a result of the Neighborhood of Madrid has already mentioned that it'll not apply it. “Many funds and promoters utterly rule out beginning new works right here,” he laments.
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