The uncertainty about the process of independence in Catalonia since 1-O hardly affected the tsunami of investment in the real estate market in Spain. The figure increased by 45% in one year – with special emphasis on retail, hotels, logistics and residential- and even surpasses the data of acquisitions of the past decade, before the real estate crash.
The investment figure reached a 14 million euro historical record, according to the series provided by the real estate consultancy JLL. “This year there have been very large investments in sectors such as residential or alternative investments where capital did not enter before. There have been very important land transactions, for example, of Neinor, Vía Célere or Metrovacesa,” summarizes Borja Ortega, director of the capital market of JLL. “Money is still cheap in Europe and real estate is a very attractive alternative.”
“The figures are up to historical levels and are a reflection of the growing interest and confidence of investors in our market,” says Mikel Marco-Gardoqui, director of capital markets at CBRE. “The recovery of the sector has already ended and we can speak of a moment of solidity and even of a new cycle of expansion.”
These figures include corporate investment and funds in sectors such as offices, retail, logistics and industrial warehouses, hotels, alternative investments (such as student residences) and residential investment. It excludes, therefore, what the individuals allocate to home purchases.
The above article was written and published in Spanish and has been translated into English. Click here to read the original article.
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