Once passed the first nine months of the year, it’s time to make a pre-assessment of the situation of the Spanish property market and see how the investment has involved in the sector. It has been a month of great activity and, certainly, the data reveal a recovery in the housing activity reflected in several aspects:

  • The investment in the sector reached 10,800 million euros until September, a figure that now represents 57% more than in the same period last year. This figure also already exceeds the total investment of all 2014 and 2007 pre-recession, the year closed with 10.093 million euros maximum.
  • By type of property, offices and retail continue to be the most attractive, with a special mention of the first to have received more than 4,500 million euros.
  • As regards the origin of the investment, about 37% comes from foreign investors, with less prominence of Americans in favor of Europeans, although the former are still the most active. Keep in mind that although SOCIMIs are domestic investors, most of their capital is abroad.
  • It’s precisely these companies that continue to dominate the market, with 46% of the total investment, followed by the funds. Also featured the return of real estate with 13% of investment and discreet behavior of private investors.
  • By volume of investment, from January to September 15 transactions were made of over 100 million, including the purchase of Testa by Merlin Properties, which alone accounts for 29% of the investment for the first nine months of the year .

The main explanation for the good results recorded can be found in the appeal of the Spanish property market returns in an environment of flat interest rates. Other factors that have influenced these numbers as positive have been the high liquidity in the market and offer attractive assets and income tour.

Source: La Expansión

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