Post by account_disabled on Mar 12, 2024 1:51:08 GMT -5
Serviland expects the land market to remain stable this year with a price close to 160 euros per m2, as detailed in the 'Land and Promotion Market' report.
The CEO of the company specialized in third-party Cambodia Telegram Number Data urban management, Ernesto Tarazona, explained that " political and economic stabilization will define the land market for this year", which he has foreseen as dynamic although without the power of previous years.
For its part, the development market will continue to be affected by the "lack of solid perspectives on the future of the economy" and this year some 80,000 homes will be finished.
The document emphasizes that "the caution of the large developers, with investments that will continue to be very selective", and their commitment to the urban management of the plots they already have in their portfolio to obtain finalist land.
Tarazona has highlighted that "there is a real need to balance supply and demand", which is why he has said that land liberalization will have a key role in the process.
The company has also noted that construction costs have stabilized after the peaks of 2022, although they remain 4.4% higher than a year ago. The report has detected a change in buyer behavior, which has reduced demand in areas far from large cities.
With a portfolio of more than 200 million m2 nationwide, with the capacity to develop around 235,000 homes, Serviland is the largest land manager in Spain.
The CEO of the company specialized in third-party Cambodia Telegram Number Data urban management, Ernesto Tarazona, explained that " political and economic stabilization will define the land market for this year", which he has foreseen as dynamic although without the power of previous years.
For its part, the development market will continue to be affected by the "lack of solid perspectives on the future of the economy" and this year some 80,000 homes will be finished.
The document emphasizes that "the caution of the large developers, with investments that will continue to be very selective", and their commitment to the urban management of the plots they already have in their portfolio to obtain finalist land.
Tarazona has highlighted that "there is a real need to balance supply and demand", which is why he has said that land liberalization will have a key role in the process.
The company has also noted that construction costs have stabilized after the peaks of 2022, although they remain 4.4% higher than a year ago. The report has detected a change in buyer behavior, which has reduced demand in areas far from large cities.
With a portfolio of more than 200 million m2 nationwide, with the capacity to develop around 235,000 homes, Serviland is the largest land manager in Spain.