A few days ago, the 20th edition of the international real estate exhibition fair, known as Barcelona Meeting Point (BMP), was held in Barcelona. At this event, Engel & Völkers returned as a leading sponsor. The German company took a stand of over 30 square metres, and once again managed to surprise people who wished to find out more about their products and innovations.
Engel & Völkers has published some data to support its growth of 45 per cent in the first half of 2016. Its sales during this period have increased by 41 per cent. Regarding the real estate fair in Barcelona this year, this is the third participation of the German company, with an estimated volume of 300 million euros in trade.
Among the main objectives of the fair, the attendees were shown the latest real estate products, market developments, properties, and anything that may interest those who are planning to buy, invest, rent, or just looking for work.
The only real estate and international fair of 2016 in Spain, BMP, came to an end this year as it reached more than 33,000 visitors. In terms of space for the general public, it reached out to more than 10,200. The 10,000 hurdle was a real challenge to overcome, as in the previous editions, professional assistance was acquired to reach that level.
An important difference from last year's edition is that this year, we've seen more families wishing to buy properties. In the other editions, it was more common to see property investors.
One of the main reasons for the increasing number of households being able to buy real estate is their ability to obtain mortgages at reasonable rates. This provides them with the needed security to invest or buy a property.
While the majority of non-professional visitors at the fair were seeking new-built properties, and to a lesser extent resales, the hosts incorporated a dedicated area for interior design, renovations, and home improvements.
For future editions the challenge is to further enhance the rental sector.
Engel & Völkers has offered an important innovation compared to previous years. With the use of the most advanced virtual reality technology developed by the company Instant Transmission, visitors who came to the stand of the German company have experienced the feeling of actually being in these properties. The new construction homes hadn't even been built yet but people were still able to take a virtual tour of them.