BMP, Spain’s Only international real estate trade fair Barcelona starts on Wednesday 19th and runs for 5 day until 23rd October.
This year´s Barcelona Meeting Point opened this Wednesday and will run until the 23rd of October. The five-day real estate trade fair is in its 20th year and has increased the number of exhibitors by 15%, while professional visitors are expected to exceed 10,000 people.
According to the general director of BMP, José María Pons, it is estimated that this year’s exhibition will surpass 2015’s number of visitors and achieve between 30,000 and 40,000 attendees.
Jordi Cornet said that this year’s edition will mark the definitive “consolidation” of the recovery in the Catalan and Spanish property sector. Cornet stressed that the real estate sector is full of “optimism and confidence”, taking into account the latest recovery in the sale of houses, which rose 20.3% in August and has been on the increase for seven months in a row, according to the Spanish Statistics Institute (INE).
40 leading international investment funds at the 20th edition
BMP reaches its twentieth anniversary with a commitment to internationalisation. In this sense, the event will host the third edition of Barcelona Meeting Funds, a unique programme that will bring together 40 leading international investment funds, such as TPG Capital, Lone Star and Credit Suisse, between the 19th and the 21st October.
There will be plenary sessions and private meetings that will serve as a meeting point between leading companies in the property sector in Spain and the presidents and CEOs of major international investment funds.
BMP will bring together 312 companies from 15 countries in an area of 22,000 square metres and will also offer 20 lectures by 85 speakers. “We want to be a tool at the service of the citizen and facilitate the purchase of their home. So we want to focus on providing information about the real estate market buyers, in line with the public opening of the event at Barcelona Meeting Point “, said Cornet.
Foreigners account for 13.3% of property purchases in Spain
In the second quarter of 2016, 13.3% of the properties purchased in Spain were bought by foreigners, mostly British. This is especially significant considering that sales soared by 23.7% and housing prices increased by 7.5%. With this in mind, BMP has renewed in this edition the Cluster ‘Shop in Barcelona, Real Estate’ aimed at bringing together Spanish property companies and investors and property agents from major European countries, such as France, UK, Belgium, Netherlands, the Scandinavian countries, Germany and Switzerland.
Since 2011, Barcelona Meeting Point has successfully held the ‘Russian Meeting Point’ (also organised in Marbella and Benalmádena, a town in Andalusia in Southern Spain, in 2012 and 2013 respectively) in order to facilitate sales to Russian property investors. In 2013 the growing group of Chinese buyers were added to this format, and in 2014 and 2015 this cluster was opened to the more traditional markets of Europe, which are currently the ones buying in Spain the most.