Tag: industrialisation

Spain’s Property Developers Glimpse the First Signs of a Moderation in Prices

29 May 2019 – Expansión

Yesterday, several of the largest property developers in Spain met for a Medcap roundtable event moderated by Deloitte to discuss the outlook for the residential market.

Specifically, representatives from Metrovacesa, Aedas, Quabit, Insur and Lar participated in the discussions, during which they observed that house prices in Spain are starting to moderate in some of the more mature markets, although they acknowledged that there are still many secondary cities where the new (growth) cycle is just beginning.

In this context, the representatives identified a number of focuses and challenges facing the sector, namely:

Licences: All of the property developers are pushing for great agility from the public administrations when it comes to the granting of construction permits.

Construction: The labour shortage in the construction sector is pushing up prices and leading to delays in project finishes.

Concentration: Property developers are larger and more professionalised now than before the crisis; they require critical mass to be resilient to real estate cycles.

Industrialisation: Prefabricated homes allow construction periods to be shortened and for greater control over the processes.

Access: Young people are finding it increasingly difficult to afford to buy a home.

Overall, the experts consider that the residential sector is still immersed in the early stages of the new cycle, but only time will tell whether they are right.

Original story: Expansión (by Rebeca Arroyo)

Translation/Summary: Carmel Drake

Industrialised Construction: Vía Célere Follows in Aedas’s Footsteps

13 March 2019 – Merca2

Vía Célere is going to be the first property developer to build an industrialised development of multi-family homes. Aedas has already paved the way with the model, but in its case, the properties were single-family homes.

The company led by Juan Antonio Gómez-Pintado is going to launch its first project of this kind in Boadilla del Monte (Madrid) and expects to finish the work within seven months. That would represent a time saving of one year compared to the normal construction period for such a development, thanks to the employment of industrialised systems.

Specifically, whilst the underground work is going on at the site of the new development (which is expected to take three or four months), the 50 modules that will comprise the first 17-home building will be manufactured off-site, in parallel. It will take just three weeks to install those modules and the last two months will be spent joining the facilities and the façades so that the homes are ready for delivery at the end of month seven.

Moreover, the firm is planning to build a 26-home development using the same industrialised system, also in Boadilla. In the future, Vía Célere aims to industrialise 30% of its future developments.

Original story: Merca2 (by Carlos Lospitao)

Translation/Summary: Carmel Drake