{"id":1645,"date":"2016-06-16T08:07:00","date_gmt":"2016-06-16T08:07:00","guid":{"rendered":""},"modified":"2022-08-08T09:34:29","modified_gmt":"2022-08-08T09:34:29","slug":"comportamiento-previsible-de-las","status":"publish","type":"post","link":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/","title":{"rendered":"Comportamiento previsible de las SOCIMIS en 2016"},"content":{"rendered":"


\n<\/p>\n

<\/p>\n

\nDesde que en<\/span> <\/span> 2013 saliera a Bolsa la primera Socimi (Sociedad
\ncotizada de inversi<\/span>\u00f3<\/span>n inmobiliaria) , es un sector que no
\nha hecho m<\/span>\u00e1<\/span>s que crecer.<\/span><\/h3>\n
\n<\/div>\n
\nEspecialmente con los cambios legislativos
\nde 2012  <\/span>todas estas entidades<\/span> <\/span>han surgido en el momento oportuno:<\/span> <\/span>con los precios del sector en m<\/span>\u00ed<\/span>nimos, la econom<\/span>\u00ed<\/span>a del pa<\/span>\u00ed<\/span>s recuperando el
\ntono y dinero en el mercado. Aunque en conjunto su capitalizaci<\/span>\u00f3<\/span>n se haya cercana al 1% de la de la bolsa espa<\/span>\u00f1<\/span>ola,<\/span><\/div>\n
\n<\/div>\n
\nHasta ahora casi
\nla mitad del negocio se ha dedicado al <\/span>\u201c<\/span>retail<\/span>\u201d<\/span>, el 25% a hoteles,
\nel 20% a oficinas dejando un exiguo 5-6% al alquiler residencial. Y las
\nexpectativas para 2016 se est<\/span>\u00e1<\/span>n centrando en los activos log<\/span>\u00ed<\/span>sticos, por la alta rentabilidad que producen. <\/span><\/div>\n
\n<\/div>\n
\nNo olvidemos tres aspectos importantes: el alquiler est<\/span>\u00e1<\/span> en el orden del 15-17%  <\/span>del total
\nresidencial (a<\/span>\u00fa<\/span>n lejos de la media europea), que el
\nobjetivo <\/span>\u00fa<\/span>ltimo que llevo a la creaci<\/span>\u00f3<\/span>n de las Socimis fue
\nprofesionalizar al mercado de alquiler <\/span>\u2026<\/span> residencial y que hay un stock<\/span> <\/span>de casas ampl<\/span>\u00ed<\/span>simo aunque, por el momento,<\/span> <\/span>los inversores tienen otras preferencias.<\/span>
\n<\/span>
\n <\/span><\/span><\/div>\n
\nMadrid y Barcelona seguir<\/span>\u00e1<\/span>n siendo las
\npreferidas para estos empresas, pero tambi<\/span>\u00e9<\/span>n las ciudades secundarias y de la
\ncorona de influencia de Madrid y Barcelona est<\/span>\u00e1<\/span>n aumentando su
\natractivo<\/span><\/div>\n
\nNo olvidemos que la Socimi se tiene que centrar en el r<\/span>\u00e9<\/span>gimen de dividendos (est<\/span>\u00e1<\/span> obligada a distribuir un 80% de los
\nbeneficios en dividendo)  <\/span>y solo de forma
\nsecundaria, aunque relevante, debe tener en cuenta el aspecto fiscal  <\/span>con un tipo de tributaci<\/span>\u00f3<\/span>n muy favorable frente a la media  <\/span>del Ibex35, que ronda el 10% . <\/span> <\/span><\/span><\/div>\n
\nSin embargo,
\nel motivo de mayor preocupaci<\/span>\u00f3<\/span>n para el sector ahora es la evoluci<\/span>\u00f3<\/span>n de la propia econom<\/span>\u00ed<\/span>a pues <\/span>\u201c<\/span>al invertir en
\npatrimonio, en rentas, tiene que haber compa<\/span>\u00f1\u00ed<\/span>as que necesiten
\nespacio, que lo demanden y nosotros lo podamos alquilar<\/span>\u201d<\/span>, <\/span><\/div>\n
\n<\/div>\n
\nEl modelo de
\nnegocio, a grandes rasgos,  <\/span>es sencillo
\npues se basa en un balance que tiene por un lado las rentas, cuyo riesgo es que
\npuedan<\/span> <\/span> bajar, y en el otro tienes los intereses, con el riesgo
\nde que puedan subir y se desajuste la Tesoreria.  <\/span>Estamos en un momento  <\/span>en que las rentas est<\/span>\u00e1<\/span>n comparativamente bajas, con lo que lo l<\/span>\u00f3<\/span>gico es que <\/span>\u00e9<\/span>stas suban  <\/span><\/span><\/div>\n
\n<\/div>\n
\nOtra caracter<\/span>\u00ed<\/span>stica del alquiler, y que afecta a las sociedades cotizadas en cuanto a las
\nexpectativas de sus socios e inversores,  <\/span>es que la respuesta frente a  <\/span>cambios en la econom<\/span>\u00ed<\/span>a es lenta. Tienes unos contratos firmados, tienes que esperar a que pasen,
\ncuando se abre la venta para renovar y subir rentas ha pasado un tiempo<\/span>\u2026<\/span>con lo que el alquiler refleja la econom<\/span>\u00ed<\/span>a, pero 18 meses
\ndespu<\/span>\u00e9<\/span>s con lo que hay que inculcar al inversor que si ha
\nvenido para obtener un rendimiento r<\/span>\u00e1<\/span>pido, no es el negocio<\/span>\u201d<\/span>.<\/span><\/div>\n
\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Desde que en  2013 saliera a Bolsa la primera Socimi (Sociedad cotizada de inversi\u00f3n inmobiliaria) , es un sector que no ha hecho m\u00e1s que crecer. Especialmente con los cambios\u2026 Continue leyendo<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[26,43,33],"class_list":["post-1645","post","type-post","status-publish","format-standard","hentry","category-sin-categoria","tag-alquiler","tag-apuntes-contables","tag-opinion"],"yoast_head":"\nComportamiento previsible de las SOCIMIS en 2016 - Gestinmo<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Comportamiento previsible de las SOCIMIS en 2016 - Gestinmo\" \/>\n<meta property=\"og:description\" content=\"Desde que en  2013 saliera a Bolsa la primera Socimi (Sociedad cotizada de inversi\u00f3n inmobiliaria) , es un sector que no ha hecho m\u00e1s que crecer. Especialmente con los cambios\u2026 Continue leyendo\" \/>\n<meta property=\"og:url\" content=\"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/\" \/>\n<meta property=\"og:site_name\" content=\"Gestinmo\" \/>\n<meta property=\"article:published_time\" content=\"2016-06-16T08:07:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-08T09:34:29+00:00\" \/>\n<meta name=\"author\" content=\"Juan Fernandez Caparros\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Juan Fernandez Caparros\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutos\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/\"},\"author\":{\"name\":\"Juan Fernandez Caparros\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#\\\/schema\\\/person\\\/ef6008d6bbfeae510b73653264512798\"},\"headline\":\"Comportamiento previsible de las SOCIMIS en 2016\",\"datePublished\":\"2016-06-16T08:07:00+00:00\",\"dateModified\":\"2022-08-08T09:34:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/\"},\"wordCount\":505,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#organization\"},\"keywords\":[\"alquiler\",\"Apuntes Contables\",\"Opinion\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/\",\"url\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/\",\"name\":\"Comportamiento previsible de las SOCIMIS en 2016 - Gestinmo\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#website\"},\"datePublished\":\"2016-06-16T08:07:00+00:00\",\"dateModified\":\"2022-08-08T09:34:29+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/comportamiento-previsible-de-las\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Comportamiento previsible de las SOCIMIS en 2016\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#website\",\"url\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/\",\"name\":\"Gestinmo\",\"description\":\"Analizar la Rentabilidad y Riesgos de una Promocion Inmobiliaria\",\"publisher\":{\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"es\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#organization\",\"name\":\"Gestinmo\",\"url\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/cropped-cropped-Prayde-Pe.jpg\",\"contentUrl\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/wp-content\\\/uploads\\\/2018\\\/12\\\/cropped-cropped-Prayde-Pe.jpg\",\"width\":512,\"height\":512,\"caption\":\"Gestinmo\"},\"image\":{\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#\\\/schema\\\/logo\\\/image\\\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/#\\\/schema\\\/person\\\/ef6008d6bbfeae510b73653264512798\",\"name\":\"Juan Fernandez Caparros\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/?s=96&d=mm&r=g\",\"caption\":\"Juan Fernandez Caparros\"},\"url\":\"https:\\\/\\\/prayde.com\\\/empresa\\\/author\\\/06357885663078594681\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Comportamiento previsible de las SOCIMIS en 2016 - Gestinmo","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/","og_locale":"es_ES","og_type":"article","og_title":"Comportamiento previsible de las SOCIMIS en 2016 - Gestinmo","og_description":"Desde que en  2013 saliera a Bolsa la primera Socimi (Sociedad cotizada de inversi\u00f3n inmobiliaria) , es un sector que no ha hecho m\u00e1s que crecer. Especialmente con los cambios\u2026 Continue leyendo","og_url":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/","og_site_name":"Gestinmo","article_published_time":"2016-06-16T08:07:00+00:00","article_modified_time":"2022-08-08T09:34:29+00:00","author":"Juan Fernandez Caparros","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Juan Fernandez Caparros","Tiempo de lectura":"2 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/#article","isPartOf":{"@id":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/"},"author":{"name":"Juan Fernandez Caparros","@id":"https:\/\/prayde.com\/empresa\/#\/schema\/person\/ef6008d6bbfeae510b73653264512798"},"headline":"Comportamiento previsible de las SOCIMIS en 2016","datePublished":"2016-06-16T08:07:00+00:00","dateModified":"2022-08-08T09:34:29+00:00","mainEntityOfPage":{"@id":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/"},"wordCount":505,"commentCount":0,"publisher":{"@id":"https:\/\/prayde.com\/empresa\/#organization"},"keywords":["alquiler","Apuntes Contables","Opinion"],"inLanguage":"es","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/","url":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/","name":"Comportamiento previsible de las SOCIMIS en 2016 - Gestinmo","isPartOf":{"@id":"https:\/\/prayde.com\/empresa\/#website"},"datePublished":"2016-06-16T08:07:00+00:00","dateModified":"2022-08-08T09:34:29+00:00","breadcrumb":{"@id":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/prayde.com\/empresa\/comportamiento-previsible-de-las\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/prayde.com\/empresa\/"},{"@type":"ListItem","position":2,"name":"Comportamiento previsible de las SOCIMIS en 2016"}]},{"@type":"WebSite","@id":"https:\/\/prayde.com\/empresa\/#website","url":"https:\/\/prayde.com\/empresa\/","name":"Gestinmo","description":"Analizar la Rentabilidad y Riesgos de una Promocion Inmobiliaria","publisher":{"@id":"https:\/\/prayde.com\/empresa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/prayde.com\/empresa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/prayde.com\/empresa\/#organization","name":"Gestinmo","url":"https:\/\/prayde.com\/empresa\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/prayde.com\/empresa\/#\/schema\/logo\/image\/","url":"https:\/\/prayde.com\/empresa\/wp-content\/uploads\/2018\/12\/cropped-cropped-Prayde-Pe.jpg","contentUrl":"https:\/\/prayde.com\/empresa\/wp-content\/uploads\/2018\/12\/cropped-cropped-Prayde-Pe.jpg","width":512,"height":512,"caption":"Gestinmo"},"image":{"@id":"https:\/\/prayde.com\/empresa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/prayde.com\/empresa\/#\/schema\/person\/ef6008d6bbfeae510b73653264512798","name":"Juan Fernandez Caparros","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","caption":"Juan Fernandez Caparros"},"url":"https:\/\/prayde.com\/empresa\/author\/06357885663078594681\/"}]}},"_links":{"self":[{"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/posts\/1645","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/comments?post=1645"}],"version-history":[{"count":0,"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/posts\/1645\/revisions"}],"wp:attachment":[{"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/media?parent=1645"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/categories?post=1645"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/prayde.com\/empresa\/wp-json\/wp\/v2\/tags?post=1645"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}