High inflation, rising energy costs, and a shortage of certain raw materials are shaping the economy during the second half of the year. Consequently, financial institutions have increased loan interest rates, which is impacting the real estate sector.
In late 2021 and early 2022, this sector saw a significant revival that returned real estate asset sales to pre-pandemic levels. The sector has continued to grow this year, despite a moderate increase in prices.
Looking ahead to the end of this year, build-to-rent and the logistics sector will continue to attract strong investment, as both segments have emerged reinforced after the health crisis. In our case, real estate and logistics are two of our main investment sectors in which we will continue to have a strong presence in the coming months with the launch of different strategic projects.
As for the tourism sector in our country, it is also in the sights of foreign investors. Thus, market liquidity levels are driving operations of Private investors of the Family Office type who are looking for medium to long-term profitability. In this regard, SOCIMIs and some international groups are also focusing their investment on holiday properties to reposition themselves.
From Invext, we have participation in different SOCIMIs such as, for example, Silicius Real Estate, which recently announced the purchase of 50% of the shares that the property company Merlin Properties held in this company.
