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Realia’s Turnover Rose by 72% in 2021 Driven by its Booming Property Development Business

Property development accounted for 94.76 million euros of the firm's revenues, up by 312% YoY, due to the delivery of four projects.

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Realia has left the pandemic firmly behind it. Carlos Slim’s company recorded revenues of 180.07 million euros in 2021, 72.7% more than in 2020.

Of that total, 94.76 million euros was generated by the firm’s property development business. The listed company delivered four projects during the year, which allowed it to improve its income from this segment by 312.2%. Also, the property management business improved, specifically by 3.5%, to record revenues of 81.78 million euros.

Read the full article in Spanish.

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