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Personal Real Estate Shopper, an essential concept for foreign investors

This term has become a trend for foreigners wishing to purchase homes worldwide. Spain has not been left behind, and even has several companies dedicated to offering these services nationwide.

What is a Real Estate Personal Shopper?

It is a real estate advisor that is dedicated to accompany the buyer or investor in the acquisition of real estate assets, exclusively. They offer several benefits, such as saving time in visits made by a traditional real estate agency, providing technical, financial and legal reports, informing about new products in the market and eliminating conflicts of interest.

This and more has made this figure an indispensable part of the sector for those interested in the Spanish real estate market. Specialized professionals have extensive knowledge of the market and identify opportunities. They also get the best prices on the market and advise on all legal and financial procedures.

The demand for these professionals is growing every day, and even more so when the real estate market is the third largest market in which the world's savings are invested. Spain is one of the most attractive points for real estate investment worldwide, and this makes it even more necessary.

In 2022 Spain closed with an investment of 17,625 million euros, 38% more than in 2021, according to CBRE. In Europe it is the country where real estate investment is growing the most, and if we refer to continent level, it is among the 8 largest markets.

At the national level, Madrid and Barcelona are at the top of the list, where real estate investment is the largest. In Madrid, real estate investment in 2022 was more than 4.8 billion euros, 37% of total investment, and in Barcelona the volume of investment was 3.6 billion, a similar figure to the previous year.

The main buyers or investors in Spain who use this service are foreigners looking for luxury apartments and properties in premium destinations, such as on the coasts, islands or capitals like Madrid and Barcelona.

When contacting one of these consulting companies, an in-depth interview is conducted with the buyer to understand what their needs and motivations are, and what they value most (neighborhoods, size, age, style, etc.). The second step is the signing of the services contract, and finally the search for the property begins. The Real Estate Personal Shopper is in charge of making the visits and making sure that the properties comply with the conditions requested by the client, and once the property is obtained, an after-sales service is offered, such as in the case of changes of ownership, delivery of documents, technical consultations, etc.