• In the first half of 2015, the figure reached 8.434 million, doubling the recorded in the same period of 2014 and exceeding the numbers in the last eight years.
  • Revenues are expected to experience an increase thanks to foreign investors.
  • The sale of homes has picked up by strategic alliances.

The investment will grow in 2015 and ostensibly even exceed the historic highs that were reached in 2007. Only in the first six months of 2015, the investment in Spain stood at 8.434 million, boosted by the sale of Testa (Sacyr subsidiary’s equity), a figure that comfortably doubles that recorded in the same period of 2014 and exceeded the recorded in the past eight years, according to the estimates by property consultant CBRE.

CBRE expects the increase to be a reality in the second half of this year and the first half of 2016. In fact, in some buildings of the Paseo de la Castellana, the center of Barcelona or Malaga Larios Street, the incomes are growing, albeit timidly, but with a very strong expectation for the recovery of consumption and improving the economy. International investors are still incredibly optimistic and believe that growth, if it is not already, will come.

Currently on the market, the “vulture funds”, which came to power between 2011 and 2012 in a market, have now given way to institutional and traditional investors. However, vulture funds are still very active in the Spanish market, although with a different profile, more focused on soil, product and secondary residential areas.

After noting an increase in the sale of homes. There are many new strategic alliances between foreign investors and local partners to build new residential projects.

Source: El Mundo

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