loader
banner

IS THE FIGURE OF AN INDEPENDENT REAL ESTATE RATING AGENCY NECESSARY TO PROVIDE TRANSPARENCY TO THE REAL ESTATE SECTOR?

RICARDO MARTI-FLUXA
President of the Consultant Associations
Real estate

One of ACI’s fundamental objectives is to provide the real estate sector with the highest possible level of transparency, and an independent rating agency could contribute significantly to this.

If we manage to classify real estate risks in a reliable and standardized way, we will be providing confidence to the investor and to society in general, and this will help to reinforce and provide stability to the growth that the real estate sector is experiencing today and that makes us have very optimistic prospects for the future .


JUAN CARLOS DELRIU
Director of Strategic Planning of AEB (Spanish Banking Association)

An Agency specialized in Real Estate Rating can have important value for Banking entities. I have not seen anything similar in the market so far and yet, I believe that in this way transparency can be provided to the real estate sector, as in its day the credit rating of the banking sector did. Furthermore, if the Agency has a technological platform developed and endorsed by a European project, it can provide important guarantees, which are very necessary to be able to provide these services in a serious and efficient way.


JULIÁN PÉREZ GARCÍA
Deputy Director General of CEPREDE (Center for Economic Prediction)
Associate Professor of Applied Economics at the Autonomous University of Madrid
Having complete information on the risk structure of the real estate asset, carefully processed and staged online and very accessible, is an essential path for the present and the future.
It represents a qualitative and quantitative leap for a very large volume of business, financial, institutional operations, and on which many jobs depend. On the other hand, the effort of years and the talent of the human team guarantees that the Agency and its services will be a benchmark in the sector.
The combination of technology, talent, experience, independence, timely accessibility and geolocation are good signs of identity.

JAVIER MARTÍN LÓPEZ
Real Estate Observatory Director

Yes, in view of what happened in Spanish real estate in the years of the crisis in which reliable information and transparency would have avoided a good part at least of the disastrous situations that the sector has experienced. Once this critical phase is over, a new stage is imposed based on transparency and, obviously, the ideal is that it comes from independent organizations such as a real estate rating agency.


MARIANO MÉNDEZ SUÁREZ
Doctor in Business Finance
Master of Business Administration (MBA)
ESIC and UAM professor
Yes it is, because it adds value to the real estate market in the following way:
The figure of the Rating Agencies is key within the financial sector and a large part of the decisions are made based on the results obtained in this type of analysis.

Clearly the Real Estate sector, by mobilizing a large amount of financial resources and being equally subject to risk levels, it is considered that the figure of independent agencies can contribute both to transparency and to the improvement of liquidity levels in the market and above all to a correct valuation of real estate assets.

SUSANA RODRIGUEZ GARCÍA
Executive Director Consulting Division
Savills-Aguirre Newman

An independent real estate rating agency that analyzes, classifies and weights in a systematic and scientific way the different risks associated with a real estate investment would undoubtedly contribute a high degree of transparency and rigor to the real estate risk analysis.


IGNACION SANDOVAL GONZÁLEZ
IHP Consulting Director
Professor Rey Juan Carlos University
Any figure that can improve a sector that is opaque by nature, such as real estate, will help improve your perception and perspective for the future.

Independence from the agents involved in real estate processes is relevant in order to provide quality ratings that may arise.

SERGIO VEGA SÁNCHEZ
Dr. Arquitecto Profesor Titular e Investigador
UPM Universidad Politécnica de Madrid –
E.T.S.Arquitectura

Undoubtedly, and complementing the inexorable need for agents and professionals specialized in the identification, analysis and management of real estate risks, with new ways of thinking and systematizing analysis and decision-making, having an Independent Real Estate Rating Agency it would allow a professional and independent analysis.

The average information, the biased and voluntaristic valuations, if not the opacity of the market, would be definitively banished with the existence of Real Estate Rating Agencies that operated independently, and would undoubtedly bring transparency to the Real Estate sector, in a moment, in my opinion , critical to avoid falling back into the bad practices of the past, and that such serious repercussions have had for the economy of this country.


VICTOR SARDA MARTÍN
Director Degree in Real Estate Intensification UPM
Deputy Director of Students and University Extension UPM
Professor of the Higher Technical School of Building

Say that it is necessary to standardize the sources and methodologies from which to obtain objective data. The Independent Real Estate Rating Agency will respond to this need with which to provide transparency to the sector.


JULIÁN SALCEDO GÓMEZ
Doctor in Economics, International MBA,
Urban planner, Professor of real estate postgraduate courses,
Managing partner of CEFYRE S.L. Y
Coordinator of the Forum of Real Estate Economists.

One of the main shortcomings of the real estate sector is the inexistence of an organized market that functions in the image and similarity with which financial and securities markets do, which would provide it with the necessary transparency, independence and efficiency.
If it were ever to be achieved, the existence of an independent real estate rating agency, which would rate real estate assets, would be a necessary condition to help investors in making decisions.
Even in the event that there is no organized market as such, having a real estate rating provided by an independent agency, recognized by the main national and international organizations, would provide confidence and facilitate the channeling of investments in real estate to our country, for part of the large international funds.


JOSE MARIA GARCÍA
Royal Chartered Surveyors – RICS
Investment Banking Advisor

Necessary and fundamental. A real estate rating agency, now with the figure of the SOCIMI, is essential. Discussions should be started with the CNMV so that this figure can be accommodated and that it reaches the high benchmark such as financial market agencies.