This was an issue pointed out by several specialists at the Iberian REIT Conference, an event organized by Iberian Property and EPRA which took place last Thursday, in Madrid. At the event, Jesús González, vice-president and director at MAB, pointed out that the housing segment is gaining ground on the REITs’ portfolios, who traditionally invest in the retail and office segments.
Last year, REITs had capital increases of around 1.100 million euro and a «relevant» investment in the housing segment. Lar España is an example of that, and Miguel Pereda, leader of the company, pointed out that this financing vehicle is «here to stay» and it will grow, quotes EFE news agency. Investors «keep seeing in Spain an attractive country to invest in», with a real estate market which promises to keep growing in the coming two to three years.
At the moment, there are 57 REITs registered in Spain, with a combined value of 10.500 million euro. The first REIT, started to be listed in the stock market in 2015.