16 April 2020 – Brainsre.news
The development of homes for rent will gain traction post-Covid-19, favoured by spending restrictions and a deterioration in employment.
The downturn in the economy and the decline in employment, even if they are transitory, will cause spending decisions to be reconsidered, including the major decision of whether to buy or rent a home. “The consumer economy is going to have to rethink many decisions and that is where rental comes in as a business model,” says Andrés Pan de Soraluce, CEO of Acciona’s Real Estate division.
The executive has participated along with Esther Escapa, Director of Transactions and Development at Axa Investment Managers; Andrés Horcajada, CEO of Locare and advisor and founder of Tectum; and Rafael Valderrábano, CEO of Básico Homes, in the SimaPro Home Edition digital forum. Together they analysed the ‘build to rent’ segment, an increasingly popular business model that many experts consider will be strategic post-Covid-19.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake