Post by account_disabled on Jan 17, 2024 4:58:10 GMT
A consolidation in the coming years of the weight of residential in the business of Listed Real Estate Investment Companies (SOCIMI) " could favor an increase" in the supply of rental housing and " contribute to attenuate" price increases, according to a report from the Bank of Spain (BdE). For the rental market, which is associated with a strong increase in demand, this circumstance would be especially positive in large metropolitan areas , concludes the report " Recent evolution of SOCIMIs in Spain" released this Tuesday.
Its authors highlight the " reduced exposure " of Spanish SOCIMIs to the residential real estate segment, although they specify that in recent years " it has increased ", as well as the high participation of non-resident investors in their capital. Thus, at the end of 2019, 82% of the portfolio of Spanish SOCIMIs was invested in hotels, offices, stores, shopping centers and logistics centers. Its investment in Whatsapp Number List housing only represented 11.2% of its assets (that is, 5.8 billion euros), and only represented 0.1% of the estimated stock of housing owned by families and around 1% of the housing inventory. principals on a rental basis. At the end of 2019, 82% of the portfolio of Spanish SOCIMIs was invested in hotels, offices, premises, shopping centers and logistics centers.
Their investment in homes only represented 11.2% Since the appearance of the first SOCIMIs at the end of 2013, these vehicles have experienced " very significant " growth , both in number (from 2 in December 2013, to 90 at the end of 2019), and in volume of assets and capitalization stock market Experts from the General Directorate of Economy and Statistics of the BdE calculate that the value of these assets would have risen from 100 million in 2013 to 46,000 million at the end of 2019. The market capitalization of the SOCIMIs has experienced a similar growth. In 2019 it reached 27 billion, which is equivalent to around 2% of GDP. This percentage, experts say, is higher than that observed in Germany or Italy for similar societies and below the levels of other countries with greater tradition, such as the United States, the United Kingdom, Japan, Belgium, the Netherlands or France.
Its authors highlight the " reduced exposure " of Spanish SOCIMIs to the residential real estate segment, although they specify that in recent years " it has increased ", as well as the high participation of non-resident investors in their capital. Thus, at the end of 2019, 82% of the portfolio of Spanish SOCIMIs was invested in hotels, offices, stores, shopping centers and logistics centers. Its investment in Whatsapp Number List housing only represented 11.2% of its assets (that is, 5.8 billion euros), and only represented 0.1% of the estimated stock of housing owned by families and around 1% of the housing inventory. principals on a rental basis. At the end of 2019, 82% of the portfolio of Spanish SOCIMIs was invested in hotels, offices, premises, shopping centers and logistics centers.
Their investment in homes only represented 11.2% Since the appearance of the first SOCIMIs at the end of 2013, these vehicles have experienced " very significant " growth , both in number (from 2 in December 2013, to 90 at the end of 2019), and in volume of assets and capitalization stock market Experts from the General Directorate of Economy and Statistics of the BdE calculate that the value of these assets would have risen from 100 million in 2013 to 46,000 million at the end of 2019. The market capitalization of the SOCIMIs has experienced a similar growth. In 2019 it reached 27 billion, which is equivalent to around 2% of GDP. This percentage, experts say, is higher than that observed in Germany or Italy for similar societies and below the levels of other countries with greater tradition, such as the United States, the United Kingdom, Japan, Belgium, the Netherlands or France.