Wednesday, March 12, 2014
What options are there for investing now in the Spanish Real Estate?
The emergence of large funds in the real estate scene has generated some buzz about whether now is the turning point for the sector. while some investors grope, others are already taking positions. however, the range of possibilities that exist today to bet on the real estate business is quite small. direct purchase of properties, The REIT, real estate funds or shares in real estate in the bag are the only alternatives although not enjoy the pleasure of analysts
Being the black sheep to become a star market . international perception of the Spanish Brick has changed dramatically in a few months. this has allowed to see a trickle of transactions within the sector since last summer. a trend that, according to experts, is expected to continue through this year
But one thing is going into brick and other find the right way to do it. President bnp paribas real estate Spain, luis martin guirado indicates that is not the same login as an individual, as a family office, as an institutional fund or a small corporate. at the same time, remember that there are multiple ways to land in the real estate business with direct investment, through a partnership, of a collective investment (REIT or fund) or an indirect investment
In other words, the combinations are varied. "An institutional investor can enter directly buying the asset or forming their own REIT or invest in any of them." "In the end, everything depends on the level of control you want to take over the property and the risk you're willing to take" sentence
In that sense, Martin guirado clarifies that if you buy a local unfunded "you are the lord and master" but run with a number of risks: if you manage to rent or not, if ignited, etc. however, if you choose to take an interest in an investment company, which has invested in 50 local, the control you have on the real estate asset "zero" but the risk is shared
But regardless of the investor profile (more or less risk averse, more or less available capital, etc.) and the "form" as the active controlled, the fact is that analysts believe that the general options are only four possibilities
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