Merlin predicts a housing for speculation with data centers

The statements took place at the round table «The Spanish reit’s & listed real estate market (r) evolution», and in addition to Clemente intervened Carlos KrohmerColonial Development Director, Miguel Peredapresident of the LAR group, and David MartínezCEO of Aedas Homes.

When asked about the Spanish market situation as a potential destination for InvestorsThe speakers agreed that the current situation is hopeful, especially due to the growth experienced by the national economy. Krohmer, of German nationality, declared that investors Germans They feel special attraction for the Spanish market.

However, Clemente objected that although it is necessary to maintain the growth rate, it is also necessary clean it. «The growth of the economy is not healthy. The debt continues to grow, so the economic rebound materializes at the expense of future generations ». Similarly, Clemente places the focus on Portugalneighboring country, which states that its growth is much healthier, mainly because it enjoys surplus while that of Spain is mainly founded on public spending, generating a deficit constant.

In turn, Clemente did not hesitate to criticize the regulatory uncertainty that Spain lives today. The socimis themselves suffer in their flesh, since the government proposes to eliminate the advantageous tax regime to which they are subject. Following this decision, both Merlin and Colonial have expressed their intentions to move their registered office outside Spain.

Regarding legislative chaos in Spain, the speakers agreed that it is necessary to generate a greater legal and legal certaintywith the current regulation in real estate matters in the eye of the hurricane. There is great concern about the situation in Spain, since although the present situation invites us to consider the country as a promising market, the changes In regulation they cause insecurity for the future.

Although monetary policy at European level is relaxing, because the European Central Bank (ECB) has dropped interest rates for the fourth consecutive occasion, this is not the global trend. The situation of political instability in the United States, whose last chapter is the arrest of the decreases of types by the Federal Reserve (Fed) contrasts with the trend of the European market.

Therefore, Clemente declares that the European descent panorama of types “is not enough”, since the influence of the United States in the global market, with its decision to maintain high types, is a factor clue to consider.

When asked about the economic situation globally, Krohmer He has declared that global volatility disturbs good forecasts, although they exist. The political situation of USA, In addition to the risk of inflation, it creates a dangerous cocktail that affects investor confidence. The lack of clarity in the international panorama is worrying, despite the fact that general forecasts are hopeful for the future.

In response to the irruption of DeepseekChina’s new artificial intelligence model that has used much less resources than the one who tries to imitate, Chatgpt, the speakers have considered their arrival to the market as a chancemore than a threat. However, Clemente does not consider that China be such an innovative project, because, in its words, “it uses lower quality NVIDIA chips, which the United States allowed to export to China.”

“The day we read that China has begun to develop its own GPU (graphic processing units) or CPU (central processing units), we will be talking about a true revolution, which will popularize the AI ​​industry.”