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New in Spain: anti-crisis guarantee for 8.400 new homes

Posted by Annebeth on 19th October 2020
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Blackstones real estate companies Aliseda and Anticipa are launching a groundbreaking commercial concept in Spain, which should put an end to the uncertainty with regard to price developments in the real estate market in Spain and is aimed to reactivate the housing market after the COVID19 crisis.

Total value: more than 1 billion

The two platforms will offer a total of 8,400 homes for sale on the market, worth more than 1 billion, and they promise to repay buyers 10% of the value of these homes if prices fall more than 10% within three months after the purchase.

Alisenda will offer 5,700 homes, the majority of the ‘separate’ apartments in different buildings from the company’s portfolio. In total, these homes have a value of 640 million. Hola Pisos, Anticipa Real Estate’s sales platform, will also put a further 2,700 homes for sale with a total value of 395 million.

Target group: families and private investors

The initiative, which will run until the end of the year, is mainly aimed at families and private investors who want to buy a property, but are wondering whether the time is right because of the pandemic.

The two platforms will take the prices of the Ministry of Development as a starting point and analyze the price developments in the following three months from the time of the purchase.

Eduard Mendiluce, representative of Aliseda Inmiobiliaria and Anticipa Real Estate, believes that initiatives like this can help reactivate the market. According to Mendicule, the real estate market is of great importance to Spain’s economic growth.

Source: Expansión.

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