AEDAS Homes, Spain’s benchmark residential developer, closed out the months of January and February with 390 net units sold, maintaining a strong sales pace which highlights the resilience of customers in the mid-to-high segment, which the company targets.
“Operating activity at AEDAS Homes has kept pace, responding to demand in the mid-to-high segment of the markets where we operate,” explained David Martínez, CEO of AEDAS Homes.
The strong start in January and February further cements the developer’s visibility over the coming two years. At the end of December, the company had an order book valued at €1.57 billion, with forward sales of 4,929 units (3,856 Build to Sell and 1,073 Build to Rent units); 70% of the units slated for delivery in FY 2023, as well as 25% of the deliveries corresponding to FY 2024, were already sold.
“We’re seeing a sustained, resilient demand for the AEDAS Homes product coming from a customer base that is seeking a new-build home and values high quality, sustainability and plenty of amenities - these are aspects that AEDAS Homes has always focused on and is known for,” Mr. Martínez pointed out, going on to highlight the hard work and effort that his team was putting in to achieve these operating figures.
Along these lines, the company has reached a new milestone, with over 10,000 units on the market. Despite the current economic headwinds and climate of uncertainty, between April and December AEDAS Homes was able to put 3,026 new units on the market, a significantly higher figure than the 2,398 units launched in the same period of the previous year.
