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Russian & Chinese Investors Clinch RE Market Recovery
3/11/2014 – Expansion
According to organizators of the Barcelona Meeting Point (BMP), the attendance of international investment funds, above all coming from China and Russia, has clinched the long-awaited recovery of the real estate sector in Spain.
The BMP 2014 has closed its doors with a new visitor record and great satisfaction among its exhibitors, said the president of the real estate fair, Enrique Lacalle.
In a statement, he admitted both the number of investors and the sales contributed to a feeling of huge success. Also, low property prices and the interest from outside of Spain, obviously did as well.
In this sense, Mr. Lacalle assured there have been most real estate transactions sealed during the Wide Public and the Professional Exhibition sections over the past years, as participants ‘made more contacts in five days than in six months’.
Apart from the enormous satisfaction of exhibitors and experts from the sector, large international investment funds and developers claimed the fair contributed significantly to the hotel occupancy in Barcelona.
Original article: Expansión
Translation: AURA REE