Tranio.com Launches Exciting New Development Projects in Barcelona

Tranio.com plans to launch several development projects in Spain

Tranio.com, an international platform for cross-border real estate transactions, together with one of its clients and a local developer, has invested in the construction of a multi-family building in central Barcelona.

The project, situated in the neighborhood of Eixample, envisages the construction of a 12-apartment residential building covering a total area of 1,200 square meters.

A Spanish bank will finance 50% of the project’s value.

Tranio.com has structured relations between the investors, is monitoring the progress of the development on behalf of the investors and ultimately will sell apartments via its international platform.

This is Tranio.com’s inaugural project amongst a stream of similar ones. The company chose Barcelona as a starting point to enter the development project market because of:

  • Price growth potential: From the peak of 2006 until the nadir of 2013, prices for property in Barcelona fell by 38%. Since 2015, following a decline of mortgage rates, prices have begun to rise; however, they are still 25% lower than the peak values.
  • Three major motives luring the platform’s end clients to Barcelona: Many foreign buyers in Barcelona are motivated by the desire to own a seaside summer home, to generate rental income, and – for those buying property valued at upwards of €500,000 – to obtain a residence permit.
  • A favorable proportion of supply and demand: A limited supply of new buildings in Barcelona ensures high liquidity, fast sales, and growing yield potential. Barcelona is surrounded by sea and mountains, which limits the city’s capacity for growth and makes the existing city center even more valuable.

Further Steps

Tranio.com is actively looking for new investment projects. By the end of 2017, the company plans to increase the total area of construction sites in its portfolio by 10,000 square meters.

All of these projects will be located in Spain, with most in Barcelona and Madrid, as well as on the Costa Blanca (Alicante and Torrevieja), Costa Brava and Costa Dorada.

As our next step, Tranio.com will arrange a collective investment fund for overseas development projects. Clients with investment capital of €100,000 or more will be able to invest in value-added projects with Tranio.com and can expect annual yields of 10-12%. The company plans to launch its first fund by late 2017 and gather €5M on the open market.

About Tranio.com

Created in Russia in 2010, Tranio.com, an international platform for cross-border real estate transactions, finds for our clients properties and the leading service providers to ensure profitable and safe investments abroad.

Tranio.com helps clients with selecting properties, investment strategy advice, property due diligence, transaction structuring, arranging financing and property management, as well as providing assistance in obtaining a residence permit.

Tranio.com serves as a liaison between its clients and its foreign partners, and works without any additional mark-ups for buyers. Tranio.com’s catalogue features upwards of 110,000 listings from 700 providers across 66 countries.

Since 2012, Tranio.com has closed more than 600 residential and commercial property deals in Europe, America and Asia.

The platform is available in five languages: English, Russian, German, Spanish and Persian. The Russian version accounts for 5,000 visitors a day and the English one is visited by 2,500 potential clients daily.

We have in-house analytical and editorial departments that regularly release reports as well as news and feature articles. Our insights have been published by leading international media outlets, including The Guardian, The Independent, Bloomberg, Forbes and Vedomosti.

 
 
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Alexandru-Viorel Hincu
Property Advisor
+44 20 3608 1267
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