ONTIER hosted the session 'New challenges facing the Andalusian Real Estate Industry', organised together with Andalucía Inmobiliaria, ASPRIMA and the COAM Real Estate division.
During the event, held at ONTIER Madrid's headquarters, over 60 executives and business representatives were provided with a broad insight on the Andalusian Real Estate market for the residential, hotel and shopping malls sectors, including an analysis of the current regulations.
Some of the challenges faced by the Andalusian Real Estate sector are pursuing legal security and alternative funding options while boosting the access to housing and the industrialisation of the sector.
The event was opened by APCE and ASPRIMA President Juan Antonio Gómez-Pintado, Andalucía Inmobiliaria Editor Rosa Hafner, Andalucía Inmobiliaria Counselor José Antonio Granero, and ONTIER Spain Managing Partner Pedro Rodero. Gómez-Pintado noted that 'pursuing legal security and alternative funding options, focusing on the access to housing and industrialisation of the sector are some key factors in order to boost the Andalusian Real Estate industry.'
Regarding urban planning regulations, Rafael Márquez (Andalusian Government) explained how new measures have already been approved in Andalusia in order to remove bureaucratic obstacles in real estate procedures.
Juan Fernández Aceytuno (CEO at Sociedad de Tasación) talked about the challenges facing the residential market, noting that 'the sector should seek setting balanced prices and boosting transactions.'
Seville and Málaga are two key locations in terms of office space renting, as noted by INERZIA President Iñigo Galán. He explained that 'the maximum average office space rented in the area is usually 300 sqm.'
Then Deloitte Real Estate Manager Luis González explained that Cádiz and Málaga are the cities in Andalusia gathering more shopping malls, and noted that 'many retailers don't need setting as many stores anymore due to an increase of online shopping.'
ONTIER Real Estate Partner Jaime Díaz de Bustamante talked about legal security within the Real Estate sector. He focused on the regulations of the hotel and holiday rental industry, and noted that 'the legal gap affecting this sector has been increasingly covered with new regulations.'
Last but not least, IREA Hotels Partner Miguel Vázquez talked about the current scenario for the hotel industry, on the rise due to the increase of tourism. He explained that 'Andalusia has beaten its tourism record for the last 4 years.'