Servihabitat squeezes the recovery of real estate. Hand in hand with the rise in asset prices, the servicer owned by the Lone Star fund (80%) and Caixabank (20%) increased its sales by 20% until June, which between buildings and loans reached 1,200 millions of euros.
The company’s CEO, Iheb Nafaa, celebrated the double-digit rise compared to the first half of 2021. “Servihabitat has systems and processes that increase flexibility and efficiency, which allows , he said in a statement.
The most thriving sector, according to the organization, is residential. If already in the first quarter it showed record figures, the volume of business registered a year-on-year growth of 25%. The key was the ease of access to mortgage credit and the use of housing as a safe haven against inflation.
“These conditions have favored maintaining the upward inertia of recent months, where the interests of private demand and also investors have converged,” added Nafaa.
Commercial premises also drive Servihabitat
Meanwhile, the commercialization of tertiary assets recovers after the impact of the pandemic thanks mainly to local transactions. The value of sales of this type of establishment rose by 14%, driven by forecasts for a good summer, which speeded up several operations of assets in stock.
Finally, the total value of land sales grew by 35% and maintains the upward trend.
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