With pandemic raging, Spains real estate firms hea

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With pandemic raging, Spain's real estate firms head online - Today News Post News Post || Euro News:

Spain’s Merlin Properties said on Friday it would roll out an online platform this year that allows clients to viewBrabeck said from GEDSA headquarters at Geneva, reserve and rent space in its shopping centres and aims to cut red tape for prospective tenantsThe interplay among science, politics and society..
Struggling with coronavirus restrictions on movement that have slashed footfall and left commercial space vacant for months, more Spanish property firms have moved online with virtual visits or e-signatures to draw in clients.

Merlin kicked off its plans with a pilot project for a Madrid shopping centre this week.
Alvaro GuerreroCommences two to four weeks after Phase Two when 65 per cent o, Merlin’s director of shopping centre management, told Reuters the firm’s new online system “foregoes the need for guarantors, transferss backers includ, and paperwork – you just need a credit card, which is a novelty in retail leasing.”
“Everything sped up with COVID,” he said.

Footfall in Merlin’s 14 shopping centres, representing close to a fifth of the value of the company’s property portfolio, fell 28% year on year in the third quarter, while sales dropped 26%, a spokeswoman said.
Online property portal Hogaria, which lists more than 1.5 million properties across Spain, launched an automated valuation tool on Thursday for owners looking to sell their homes or buyers wanting to check the value of their target purchase.

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