Tranio Announces Second Development Project in Barcelona
We are pleased to announce our
The project, partly financed by a Spanish bank, comprises the construction
"Barcelona is a promising market, and this is the second development project for us here. Tranio assisted in identifying the land plot for development, structured relations between the developer and investor, and is now coordinating the project. We will conduct apartment sales via our online platform ",
Barcelona is a promising market
- Low mortgage rates since 2014: Spanish banks provide
non-residentswith up to 60% LTV loans at 2.5% per annum on average, whilst for residents the conditions are even more attractive: they can take out a loan with up to 80% LTV at as little as 1.5% per annum.
- Price growth potential: Property prices in Barcelona fell by 37% between
Q1 / 2007(€ 4,732 per m²) and Q3 / 2013(€ 2,957 per m²). Prices have been growing dramatically since early 2016. In Q1 / 2017,the prices per square metre in Barcelona were 11% lower in comparison with peak values. At the same time, international investor demands are constantly growing.
- Three major property
buyers'motives - a seaside summer home, rental income and a "golden visa" when purchasing a property of at least € 500,000 - coincide in Barcelona.
- Growing demand: the limited
new-buildsupply in Barcelona guarantees high liquidity, a solid pace of sales and yield growth potential for investors. The city'sgrowth is limited by the sea in the south, by mountains in the north and by densely built municipalities in the east and west, which hampers the construction of new districts and makes its centre even more popular with buyers.
- Tourism development: According to European Cities Marketing, the capital of Catalonia is among the 10 most visited cities in Europe. About
8-9 millionforeign tourists spend at least one night in Barcelona annually, a figure that continues to grow each year.
- Local population prosperity growth:
Barcelona'spopulation has been gradually recovering after a decrease in 2014. Private consumption has been growing since 2013. It amounted to € 22.88 billion by 2015, an increase of 5.4%. the unemployment rate is shrinking after reaching a peak of 23.7% in 2013; in 2016 it dropped to 14.4%.
Our company has already started work on several
Future plans of the company also include the launch of a collective investment fund in Germany by the end of 2017. Clients with budgets starting from € 30,000 will be able to make a joint investment