Madrid accounts for more than 40% of land investments made by AEDAS Homes

Madrid accounts for more than 40% of land investments made by AEDAS Homes   So far in 2018, the developer has acquired assets worth €40 million in the Madrid region   These acquisitions have further boosted the homebuilder's position in Spain's leading market, as more than 35% of the company's GDV is in Madrid   November 2018.- AEDAS Homes, a leading developer in the real estate market for new-build homes, continues to make its mark by investing in one of the Spanish regions with the strongest levels of demand: the Community of Madrid. In the first half of 2018, the developer acquired assets worth €40 million in the Madrid region; this land accounts for 40% of its new land investments.   In the Community of Madrid, AEDAS Homes has a special focus on northwest Madrid, which has the strongest demand and is where 85% of its investments have been made. El Cañaveral, a sought-after new development district in the east, accounts for the remaining 15%.   With these investments, AEDAS Homes has consolidated its leading position in the Community of Madrid-the most attractive in terms of residential demand in Spain-, and particularly in the area to the west, home to four of the five municipalities with the highest per capita income in Spain: Pozuelo de Alarcón, Las Rozas, Majadahonda and Boadilla del Monte. The land purchased in the Madrid region will enable the developer to build approximately 710 homes in the Spanish housing market with the most traction in terms of the total number of transactions and price.  The cost per unit for these investments is €56,000, which includes the cost to convert the portfolio from fully-permitted into ready-to-build.   "Our investment efforts have always centered on Madrid. With 13% year-on-year growth, this market is the leader in terms of rising home prices. In 2017, it accounted for 15% of total residential demand in Spain, with approximately 81,000 units sold," noted Sergio Gálvez, the developer's Chief Strategy and Investment Officer. "The areas we have focused on have the strongest demand and their growth rates are clearly above those in the rest of the Community," he pointed out.