THE FIRST REAL ESTATE EVENT AFTER THE PANDEMIC
SIMA, the largest event in the real estate sector, has held its latest edition in Feria de Madrid with more than 9,000 visits on the four days of the fair.
After the cancellation of last year’s edition due to COVID-19, this time the fair was hybrid, with physical participation from May 27 to 30 at IFEMA Madrid and the virtual fair until June 4.
SIMA 2021. REVIVAL OF THE SECTOR AND THE DEMAND FOR HOMES
More than 150 companies participated in this edition of the Real Estate Fair, a figure that the organizers view as “a clear indicator that the real estate sector is beginning to reach the levels it was at prior to the outbreak of the pandemic.”
Plus, more than 12,000 homes, commercial spaces, lands, garages, logistics parks, and a wide range of other possibilities were on sale.
The Community of Madrid is the home to almost 60% of the residential properties available, followed by the main tourist destinations in Spain (Costa del Sol, Costa Blanca, Balearic Islands and Canary Islands) and Cantabria.
Plus, the fair confirmed that the changes in the requirements when searching for a home that appeared during the pandemic are clearly here to stay. Visitors were requesting large homes with free-time spaces located outside the large cities in significantly higher percentages than in previous editions.
SIMAPRO 2021. STATE OF THE REAL ESTATE SECTOR AND FUTURE TRENDS
Simultaneous with the fair, the SIMAPRO event was held yet again, bringing together experts and professionals in the real estate market to debate the state of the sector after the pandemic and the future trends.
Just like in the 2020 edition held in November, the lectures and round tables targeted solely at professionals were held over the course of 2 days (May 26 to 28) and were streamed for everyone who was unable to travel to Madrid.
Among many other issues, the participants analyzed the challenges entailed in the transformation of cities and homes, access to housing for young adults, and the future of residential development.
In turn, property managers put users at the core of the business and claimed that the pandemic has accelerated the digitalization of the sector. However, in the property management sector, investments are still guided by the same fundamental features: location, management, long term, specialization, or diversification.
Finally, the trends for 2021 were also discussed in depth. Experts believe that build-to-rent has entered a mature phase and will become a very important factor in the future of residential rentals. So will virtual real estate sales, with real digitalization of the purchase process until the deed is signed and the new owner takes possession of the home.