BARCELONA MEETING POINT 2010
29 August, 2011 No Comments
A Real estate fair that shows a market undergoing a deep transformation
Former Minister of Housing, Beatriz Corridor, opened the show a year ago in company of F. Baltasar, Counselor of Environment and Housing of La Generalitat. This occurred during the time in which President Zapatero was considering to eliminate the Ministry of Housing in his government reshuffle, whose tasks would then be under responsibility of the Ministry of Development led by J Blanco.
The show was hosted in Montjuic showing the large supply of homes available at the time, both first and second-hand homes, as well as store and office space, parking lots, which, as was seen in other real estate exhibitions around the country, were a big chunk of the bank’s portfolio.
The show’s international section had a wide representation from Russia. There was still a close relationship with the Arab Union for Real Estate Development, and there was a delegation from South American countries, i.e. Argentine and Colombian businessmen looking to find Spanish partners to invest here. In the Symposium, held at the same time, the representatives of Colonial and Morgan Stanley, believed that international investment was starting to show interest in the Spanish housing market, not so much for developers but to create personal wealth, and always at attractive prices … . this was referred to as possible competitors to the Spanish family offices, which were those that had been buying quite much in previous years.
Exhibitions and fairs are generally intended to present to the public and the specialized sector the latest industry trends, showing the existing product supply at the national and international level. That gives a quick overview of; the evolution, market trends at that precise moment and of the future for each particular sector…… But in this case it is very difficult to predict the evolution of the housing market but also the new skills that the job market will demand in the future (either by the changes that new technologies have introduced, or the differences in advertising, or the easy access to foreign markets to both buyer and seller (globalization), or energy conservation and respect for the environment, etc. ..).
It ‘s obvious that the real estate business that will emerge after this crisis, must come with drastic changes, as we currently witness this transformation process. When the market reactivates, it should be more environmentally responsible … To point out; the information about the crisis have proved to be inaccurate as well as the forecasts about the behavior of the economy …. and recovery in Spain seems to me like a snail trail.
A conclusion for the future could be that the new market must be created by all of us all, bearing in mind a greater economic rationality.
Tags: Arab Union for real estate development, Argentina, barcelona meeting point, Beatriz Corredor, Colombia, Colonial, Energetic savings, F. Baltasar, Generalitat Environmental department, globalization, Ministry of Housing, Ministry of public affairs, Morgan Stanley, Real estate Crisis, real estate fair, Russia
Category: Real Estate Fairs, Real estate investment







