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Habitat’s Revenues Remain Stable and its Pre-Sales Rise by 30%

The property developer owned by Bain Capital maintained its revenues in 2020 despite Covid and increased its pre-sales by 30% to exceed 1,000 units.

Vienda unifamiliar Velilla de San Antonio Madrid Habitat 1024x576 1

On the basis of its provisional results, the property developer controlled by the fund Bain Capital saw its revenues remain stable in 2020 compared to 2019, when it recorded sales of 100 million euros.

Meanwhile, in operational terms, Habitat achieved 1,040 new pre-sales, taking its total accumulated sales to 1,600; both figures represent an increase of 30% compared to the previous year, according to El Confidencial. These new homes, which the property developer will deliver between 2021 and 2023, will generate around 430 million euros. And 69% of the buyers of those new homes have already signed the contract, which means they have already paid 10% of the asking price.

Read the full article in Spanish.

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