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Spain’s Home Buying Love Affair to Fade, Aedas Says
- Aedas sees pandemic increasing demand for rental properties
- Company expects to close more buy-to-rent deals in 1Q
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Spain’s love affair with home ownership may fade even more as young workers’ ability to get on the housing ladder is further dented by the pandemic, according to one of the country’s largest property developers.
With young people increasingly unable to save enough to make down-payments on homes, a trend toward increased home rentals may accelerate, David Martinez, chief executive officer of Aedas Homes SA, said in an interview.