|
Real estate companies and banks lured by migrants to their countries of origin |
|
|
|
|
Written by Broker Castellano
|
|
Monday, 22 October 2007 |
|
The migration
phenomenon brings potential clients not just on the Spanish real estate
market but on the markets where their clients originate from, according
to the Spanish daily El Mundo, quoted by Romanian monitoring agency
Rador.
The internationalization of the sector, the necessary know-how and the
constant search for opportunities push companies to invest in the real
estate market of other countries. Such an example is Hercesa, a real
estate company which has bought land in Romania and developed a sales
network in Spain.
The projects are financially supported by the main banks and savings houses in Spain that consider it a great opportunity.
Immigrants originating from Eastern Europe count a lot on European funds or on their savings during their stay in Spain.
Hercesa entered the Romanian real estate market with the Vivenda Residencias project - building 1.400 houses in Bucharest.
Romanians residing in Spain can opt for a loan there in order to purchase a house in Romania through this project.
|
