Real estate investments in Spain will beat a record in 2016
The total volume of real estate investments will exceed 13.9 billion euros, 8% more than in 2015 and 45% more than in 2014.
Real estate investment in Spain will close the year marking a new high. The data indicate that it will exceed 13.9 billion euros, 8% more than in 2015 and 45% more than in 2014, according to the forecasts of the international consultancy CBRE.
Although the volume of investment up to the third quarter did not exceed that of the previous year, in the last three months operations have been accumulated that will surpass 7.5 billion euros, a figure similar to that registered in the years 2011, 2012 and 2013 together.
More than 37% of the investment has come from abroad with the American investors taking the lead, followed by the Germans and the British.
At the same time returns of prime assets tend to downside, below 4% in offices and 3.5% in high-street, while logistics assets showed figures around 6-6.25%.
At the end of the year, the most active sector in the investment market will be the offices, a sector that will be around 5,000 million euros, slightly below the 5.5 billion reached in 2015. The retail sector will show higher growth, up 15% compared to last year. In logistics, the levels achieved in 2015 are maintained, while the hotel sector has seen a slight drop in investment.
Source: El País