FERNANDO SAN JUAN - INVESCO | SPANISH REAL ESTATE INVESTMENT VEHICLES & FINANCING
There is a widening gap between value and price, particularly in land. Construction costs continue to rise, licensing can take over a year, and rental growth is often absorbed by inflated land acquisition prices — exacerbating supply shortages. Furthemore, 60% of global capital raised today is opportunistic… ultimately, however, opportunistic investors must find buyers — institutional or private — to close the cycle.
