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Investing in Spain | How SOCIMIs (REITs) have shaken up Spain’s Real Estate Market
The SOCIMI, Spain’s equivalent of a REIT, has greatly influenced the Spanish real estate market since its introduction in 2009. After a rocky start, SOCIMIs are rapidly gaining popularity due to recent significant regulatory changes, which now allow for zero taxation under corporate income tax, as well as offering favourable minimum share capital requirements and diversification obligations.
We are spoke with SOCIMI experts and real estate gurus, Ismael Clemente, Miguel Pereda, Rima Yousfan Moreno, and Alfonso Benavides, to discuss the main challenges, opportunities, and the future of SOCIMIs.
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