El lujo ofrece una oportunidad de inversión a largo plazo

Investment in luxury is emerging as a long-term opportunity, according to experts speaking at the Expansion Luxury Forum. The sector has been recovering after a sharp downturn caused by the pandemic in 2023. While the industry is expected to take off in 2027, experts advise a long-term perspective amidst geopolitical instability and market volatility.

Patricia López Molina, Distribution Director for Iberia at GAM Investments, anticipates a return to historical ranges for the luxury sector by the end of 2026, with growth rates of 4% to 7% by 2027. Gonzalo Rengifo, General Director of Pictet AM for Iberia and Latin America, stated that current stock valuations for high-end companies are not overvalued.

Rodrigo Cebrián, Director of Investments and Senior Vice President at Edmond de Rothschild Europe, emphasized that luxury investments enable capital preservation during turbulent times due to their pricing power and cash generation capabilities.

In the real estate and hospitality sectors, Paloma Pérez-Bravo, Deputy General Manager of Dils Lucas Fox, and Sam Bath, General Manager for Iberia at Radisson Hotel Group, highlighted Madrid's significant role in attracting international luxury investment. Pérez-Bravo noted that Spain is the leading destination for the first phase of international luxury investment, which typically involves purchasing a high-end property.

However, she cautioned that tax regulations continue to be a major obstacle for the ultra-wealthy to relocate their primary residence or company headquarters to Spain.