{
  "id": 11064179,
  "title": "Martínez-Avial (BNP Paribas Real Estate): The main risk in housing is its politicization",
  "url": "https://urgent.news/2026/10/01/martinez-avial-bnp-paribas-real-estate-el-principal-riesgo-en",
  "topic": "business",
  "section": "Business",
  "published": "2026-10-01T00:13:29.000Z",
  "source": {
    "name": "Expansion ES",
    "slug": "expansion-es",
    "url": "https://www.expansion.com/inmobiliario/mercado/2026/10/01/6abd50a4e5fdea777e8b45a5.html"
  },
  "original_language": "es",
  "account": "Ignacio Martínez-Avial, CEO of BNP Paribas Real Estate España, has stated that the main obstacles to addressing Spain's housing problem are regulatory risk and the politicization of the debate. He believes that the free housing segment will be the most affected by legal uncertainty and reputational risk, while investor appetite will focus on affordable residential and student residences. Martínez-Avial predicts that the Spanish real estate market will remain solid next year, with 2026 being a record year for investments, with volumes between 18,000 and 20,000 million euros. He also expects a slight slowdown in growth due to rising interest rates, but believes that the fundamentals of demand, inflation, and income capacity will cushion this effect.",
  "summary": "BNP Paribas Real Estate España's head of investment, Ignacio Martínez-Avial, expects that after a record 2026 in investment, the real estate sector will maintain its solidity, but with a slight slowdown in its growth due to the rise in interest rates.",
  "key_points": [
    "Regulatory risk and reputational risk erode confidence in real estate market",
    "BNP Paribas Real Estate aims to double revenue by 2030 with pan-European strategy"
  ],
  "editors_take": "The politicization of Spain's housing market poses a significant risk, particularly to the freehold segment, and may erode confidence among institutional investors, causing them to divert capital to assets or markets with more certainty.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}