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Residential Report | Spain 2022

2022 started quite solid, with the first half of the year being the best in the entire historical series since 2007; however, the year-end forecast is less encouraging. Despite the macroeconomic context, we estimate that 2022 will close with 675,000 housing transactions, maintaining very similar levels to those of the previous year.

The new market conditions anticipate a 2023 with practically no institutional investment operations in the residential sector and, where appropriate, the reconversion of housing portfolios to individual sales or leasing management in the medium term to wait for better times.

In this context, investment in build to rent and rental housing will be cut back at least until the first half of 2023, while new and second-hand housing will better resist the impact of the crisis.

At Colliers, we are once again providing the market with a highly useful tool for developers, investors and financing institutions, anticipating challenges and opportunities and focusing on the main markets.


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Jorge Laguna

Business Intelligence | Director

Madrid

Jorge Laguna Coca is Business Intelligence Director of Colliers International Spain. Prior he was Consultancy Director at CBRE Spain. Also he worked at JLL, BNP Paribas Real Estate and Gesinar.

He is a professional with more than  20 years of experience in the real estate sector specializing in strategic analysis and valuation of real estate portfolios, investment anaslysis, valuation of companies  and  develop of  business plan. On the other hand, he has a large experience  developing dashboard (Power BI) and financial models  using VBA  to increase the excel power in asset valuations, feasibility studies, scenario analysis, portfolio segmentations and automated processes. 

 

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Mikel Echavarren

CEO Spain & Portugal

Madrid

Mikel Echavarren is CEO of Colliers International Spain. He was President and CEO of irea since its foundation in 2002 until March 2018, when irea joined Colliers International. Prior to joining irea, Mikel was a partner in the Spain and Portugal real estate corporate finance division of Arthur Andersen. 

With over 30 years of experience in the real estate sector, he is an expert in strategic planning for real estate groups and in complex mortgage debt portfolio, real estate company and property transactions. He has managed financial restructurings involving over €8,000 million worth of debt belonging to real estate, construction and services companies. 

 

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Antonio de la Fuente

Managing Director

Madrid

Antonio is a Managing Director in Corporate Finance departmen at Colliers International Spain. He joined Irea Corporate Finance in 2007, and in March  2018 he joined Colliers International after the acquisition of Irea by Colliers International.

He is specialized  in advising on M&A transactions, on both the buy and sell sides, the sale of debt portfolios and debt restructurings.

Antonio is the responsable & director of an alternative financing fund, with an investment volume of € 200 million for the acquisition of land for residential use.

He has recently participated in the sale of several real estate companies, debt and REO portfolios to institutional investors, valued at over €4,000 million, created numerous JVs between real estate developers and institutional investors and restructured debt across the real estate secto.

 He began his career at Deloitte Corporate Finance, where he was involved in a number of real estate M&A deals.

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