Once the health crisis is over, world real estate market resumed the path of development, and today ” top 200 players who control global real estate investing 9 trillion dollars in two specific markets: the United States and Europe”.
that’s how he exposed it mariano capellino, Inmsa. CEO ofin his presentation Real Estate: Global Vision and Appropriate Markets, And he added: We see that they are leaving all the main cities in the United States and going to the main capitals of Europe. Obviously, Germany and the United Kingdom, due to their size, are the recipients of the most investments, followed by France and Spain with much higher flow injections than other countries.
refering to status of mexico In this context, Capellino remarked that large investors can start arriving in 2024, usually, “Latin AmericaWhich has been doing right for years – it will continue like this for a few more years – receives 1% of global investment.
“There was no injection of capital from developed countries. stimuli were very weak and on the other hand, political and social crisis In many countries, added to the cost of debt that does not increase rates, always hurts economies. We see that it will continue to suffer for at least the next two years.
Competitiveness of real estate is fixed income that does not cover inflation. Real estate retains its value over the long term and allows for real returns, i.e. the return generated by the income of the property is real. It protects you from inflation, Capellino said.
Expert said that historically, preference for certain markets before investing Evaluate a market, “There’s a quick recipe Compare rental income Vs Rate of interest, And today, of all the cases, in the United States it is testing negative. So we believe it’s going to cool down the market a little bit. In fact, there are already indicators showing this.”
And he adds: In Europe it’s different and there we see a great opportunity. There rates are still very low and this raises the possibility of being able to very tempting return Not only on the capital invested but also on the loan taken. For example, we saw this last year Spain 10% appreciation Despite the increase in rates, which increased slightly, but increased (about a single digit) and also with the effects of the war in Europe.
The vision in the company is that low rates Some markets, mainly in Europe, will continue to strengthen real estate Since rates are far below inflation.
In medium / long term assumes rates are going to be stable, with rising to the top first half of 2023 and subsequently, depending on the performance of the economy and moderation in inflation; They expect growth to stabilize and, possibly, in late 2023 or 2024, cuts could be made to stimulate the economy and markets again.