«Spanish real estate continues to be one of the most attractive markets in the world» – Mariano Capellino, Inmsa
By Mas Property
on Mon Oct 23 2023
- The American manager will invest 250 million in Spain over the next two years
- It will manage investments for families, family offices and Spanish institutions from 2024
«Despite the adjustment due to the rise in rates and political uncertainty , Spanish real estate continues to be one of the most attractive markets in the world, which is why we will invest 250 million here over the next two years,» explains Mariano Capellino, CEO of Inmsa, a management company. American global investment company in Real Estate specialized in family offices and high-net-worth families.
«When analyzing a market, it is important to consider macroeconomic, demographic factors or legal certainty, because they help protect long-term investment. At Inmsa we recommend our investors always bet on a solid and predictable institutional framework, and Spain, Being the fourth economy in the euro, it meets that requirement,» adds the manager.
Another argument for betting on the domestic market is that inflation will continue to rise in the short term. «The Bank of Spain estimates that the CPI will be around 4.3% next year and in inflationary scenarios investing in real assets is a good alternative,» says Capellino, who also highlights that «now investment is falling around 50% , but we will recover the levels we had in 2025, as the ECB can lower interest rates again.
Mariano Capellino believes that the main real estate investment funds will continue to take positions in Spain, and gives as an example the plans of Inmsa, which in 2024 will begin managing investments for families, family offices and Spanish institutions , eight years after opening. its Madrid office.
The company considers that the moment is «unbeatable» to obtain high returns because «Spain continues to offer much more interesting prices than more mature markets such as Germany or the United Kingdom.»
Source: elEconomista.es, October 2023