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Metrovacesa Unveils its Build to Rent Plan

The property developer owned by Santander and BBVA, which has already closed agreements with investors for 422 homes, plans to double that figure with homes already under construction.

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An active safe-haven for investors and developers. That is how industry experts are defining the build-to-rent sector in Spain. In just one year, the formula has gone from being one of many options in the global real estate investment portfolio, to being, along with logistics, the star asset in the market.

Whilst funds, insurers and all kinds of buyers have seen business in the growing rental market in Spain, property developers have found a formula to sell huge volumes of new build products off-plan and in bulk, at a time of economic tension as a result of the Covid-19 pandemic.

Read the full article in Spanish.

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