Servicers will come to the front in the Spanish real estate market

Servicers will come to the front in the Spanish real estate market

 

Real estate investment is no longer seen only as a product, but also as a service: rental income, operation of offices, etc., are some of the conclusions of the 2nd edition of the Assets Under Management Observatory, presented by Axis Corporate, and in which provides an overview of the real estate market, pointing trends.

According to it, one of the most significant aspects of the current scenario is the entrance of new players into the market, that are absorbing most of the life cycle of the product, which are loans or credits associated mostly with a real guarantee: housing.

In this sense, the study by Axis Corporate indicates that the so-called real estate servicers, which are the new companies born from the former real estate subsidiaries of the banking sector, will end up becoming one of the main players in the Spanish real estate market, being privileged partners of the Banks, and offering solutions and financial products.

Currently, more than 80% of the assets under management are in the hands of five entities: Altamira, Servihabitat, Haya / Anida, Aliseda / Anticipa and Solvia. In 2018 is expected a greater concentration of the sector, with the possible sale of some of the current servicers, and its future in the short and medium term will be marked by a differentiation in the strategies to be carried out, which aim will be to provide a value clearly differentiated for the multiple players increasingly professionalized.

 

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