The housing sector gathered yet again in Madrid for SIMAPRO. It has done so more than two years after the start of the pandemic that accelerated the industry’s digital transformation and focused on new trends such as blockchain and Proptech’s rise. In addition to a context in which the war between Russia and Ukraine and the effects of inflation on the mortgage market are catching everybody’s attention.
Many members of the Spanish College of Property Agents (Agentes de la Propiedad Inmobiliaria, API) were present at the country’s main housing show. Representatives of the College were present at the fair with their stand in order to assist professionals, individuals, as well as the media.
Vicenç Hernández, Tecnotramit’s CEO, and chairman for the National Association of Property Agents (Asociación Nacional de Agentes Inmobiliarios, ANAI) and the Catalan Association of Property Agents (Asociación de Agentes Inmobiliarios de Catalunya, AIC), also attended this annual event, to which the property sector arrived boasting its resilience and with macro-statistical indicators that assert industry and market growth.
Regulation for employment in the property sector remains a necessity
Protecting clients during housing transactions is API’s main objective. As is ensuring ethics and good practices, and becoming a safety net for the consumer in a sector lacking regulations and during a pandemic which has accelerated many changes expected of the industry over the next decade due to market needs.
Albeit the paradigm shift this sector is undergoing has many advantages and allows for significant cost and time savings for many of the parties involved, professional advice has become even more essential for consumer protection during this crisis. API, through associations such as ANAI and AIC, promotes standardising the profession and property agents’ training in order to achieve high quality standards, a secure service, and agents’ knowledge.