6/02/2014 – Cinco Dias
The managing partner of PricewaterhouseCoopers (PwC), Juan Velayos, said on Thursday that “since now” we shall expect an avalanche of reasonable projects on large real estate developments on quality plots.
The optimistic forecast has been included in “Tendencias del Mercado Inmobiliario Europa 2014” report drawn up by the company. (…). Thus, “the cranes will reappear” and the poorer quality plots will experience “true recovery” fueled by affluent and working generation´s money.
Velayos summoned up the experts within the sector to “redefine” their targets to reach “better sophistication and sustainability” as “the sector will be different”.
Moreover, he highlighted that foreign investors think seriously of creating “nice portfolios” in Spain.
In conclusion, Velayos recommends taking advantage of the temporary optimism to close transactions and take all possible opportunities.
Original article: El Mundo (Agencias)
Translation: AURA REE