The Great Real Estate Conference, organized by El Economista, kicked off yesterday at The Westin Palace hotel in Madrid.
The discussions among representatives of the real estate sector took place during six panel discussions covering a wide range of topics, including urban planning and sustainable mobility in Madrid, the residential market, office space, rentals, and shopping centers, among others.
Faced with interesting challenges, the sector is grappling with issues such as young people’s access to housing, labor shortages, financing problems, excessive regularization, and barriers to accessing land. In this context, everyone agrees on the importance of ensuring legal certainty for investors so that they continue to invest in Spain.
Today, June 30, José Luis Martínez-Almeida, mayor of Madrid, delivered the opening address at this major real estate conference.
In today’s discussion, Francisco Pérez, CEO of Culmia, José Carlos Saz, CEO of Habitat Inmobiliaria, David Martínez, CEO of Aedas Homes; José Ignacio Morales, CEO of Vía Célere; and Jorge Pérez de Leza, CEO of Metrovacesa, discussed housing as an economic driver in Spain and shared their perspectives on the future of the residential market, as well as its key factors and challenges.
They all agreed that the start of 2021 has been positive and that we are exceeding the 2019 figures, which could ensure the sector’s continued growth.
“The sector faces a major challenge ahead; we’re picking up speed. We’ll have a strong finish to the year, and this trend will continue, but we need to align sales with the pace of construction,” said Francisco Pérez, CEO of Culmia. He also noted,“To address the sector’s problems, we must tackle the lack of willingness and access to employment. Industrialization can help, but it’s only a small part of the solution.”
The real estate conference was closed by the president of the Community of Madrid, Isabel Díaz Ayuso, who emphasized that the real estate sector—for both Madrid and Spain—will be one of the most important drivers of economic recovery.
