El sector inmobiliario español se muestra positivo ante los meses venideros y ve en las ayudas procedentes de Europa una mano tendida a la recuperación del negocio del real estate en el país. Después de que los líderes europeos llegaran a un agreement to create a reconstruction fund for 750.000 millions of euros para luchar contra la crisis del covid-19, de los cuales España recibirá 140.000 millions of euros, real estate professionals have given their point of view on how the sector can benefit in the short to medium term. Consultoras como CBRE, Savills-Aguirre Newman or Colliers, y economistas They talk about how this loan will impact their business and how you could benefit.

Susana rodriguez, CCO de Savills-Aguirre Newman, ensures that “taking into account that the evolution of real estate fundamentals is directly proportional to the evolution of GDP, and that we need higher growth rates than our European neighbors to create jobs, these aid will be essential for the sector ".

La directiva también cree que la transformación digital será clave en esta inversión, with spearheads such as the digitization of Public Administrations (as was done with the Treasury), “That would radically change our interaction with the public sector, key agent in soil development processes, both for economic activities and for housing, for sale and rent, as well as the much-needed streamlining of licensing procedures ".

Mikel Echavarren, CEO of the real estate consultancy Colliers, He also sees a direct impact of these grants on the residential business in Spain. "To the extent that a part of its resources is allocated to the residential sector, either with youth home purchase incentive programs or for the development of rental housing, it will obviously have a positive impact, but so far there is no evidence that the Government has considered using part of the resources for this purpose ", dice.

However, Echavarren is cautious: “It is still too early to assess what the impact could be on the real estate sector, porque desconocemos en qué se va a gastar ese dinero y también cuáles son los condicionantes que va a exigir Bruselas para su recepción. If the conditioning of the use of that money meant cuts in public spending and pensions, indirectly it would have a negative effect difficult to quantify in the real estate sector. In any case, an injection of money of this level should have a very positive impact on the maintenance of economic activity in Spain, in the sustainability of employment, and as a consequence very favorably in the residential sector. "

On the other hand, la consultora CBRE ve el potencial de esta ayuda, especially, in the construction of sustainable buildings as a generator of employment, as well as urban regeneration and renewal. “Es importante destacar el potencial que tiene la inversión de parte de esos fondos en sustainable construction por su capacidad de crear empleo en el corto plazo, y porque va también en la dirección de favorecer la ecological transition que es, along with the digitization of the economy, one of the pillars on which the plan for the reconstruction of the European economy post covid-19 is based. In this sense, the objective would be to adapt the existing buildings and housing stock, with a considerable level of obsolescence, to clean and renewable energies. Also, for each new construction home that is built, three direct jobs are generated, therefore, the residential real estate sector should be encouraged, and favor green mortgages ", explain.

Data in which Rodríguez de Savills-Aguirre Newman agrees: "The ecological transition will be crucial to get these grants, and if buildings are responsible for the 30% of global energy consumption and CO2 emissions, for achieve the environmental commitments to which we are bound para acceder a las ayudas como país será necesario acercarnos a los estándares de los edificios de consumo casi nulo, which would definitely change the design and construction processes in our sector, y por lo tanto nos obligaría a la rehabilitación de un porcentaje elevado de nuestro parque inmobiliario existente”.

In that same line, Daniel Lacalle, chief economist at the private banking firm Tressis, believes that the most positive thing is that with these funds they will be able to carry out “energy renovation plans of all kinds in buildings”, which will be a shock for the construction sector and companies specialized in reforms or rehabilitation, and that will allow Spain to advance in terms of efficiency. However, doubts that the aid can have a direct impact on sectors such as residential or 'retail', one of the most punished since the COVID-19 crisis broke out. “I do not think that for this reason housing transactions will grow much or that they will close for a higher price at a time like this, aunque sin duda la mejora energética permite que las casas tengan más salida en el mercado”, asevera Lacalle, que recomienda establecer incentivos fiscales como fórmula para reflotar al sector.

Also, el economista pide cautela a la hora de valorar este tipo de ayudas, y pone como ejemplo a países como EEUU, Reino Unido o Japón. “Es evidente que estos planes sirven para mitigar un efecto negativo, pero no está tan claro que puedan ser un impulso”, Add.

María Jesús Fernández, economista senior de Funcas, también recela del ‘efecto palancaque puedan tener las ayudas europeas, and fía el futuro a la evolución de la pandemia. “El fondo no es ninguna varita mágica, no creo que tenga apenas impacto en despejar las enormes incertidumbres que hay ahora. Si se agravan los rebrotes, si hay nuevos confinamientos, si el turismo internacional no vuelve a algo cercano a la normalidad (no ya este año, sino el próximo), la economía seguirá resintiéndose. Sirve para calmar a los mercados financieros, al menos a corto plazo, but I think its effect on the uncertainty that now affects decision-making is small”, holds.