Investors will spend €3 billion on real estate sector in Spain until the end of 2016

Investors will spend €3 billion on real estate sector in Spain until the end of 2016
Investment in Real Estate in Spain
Image: Freepik.es

According CBRE (real estate consulting firm), investors disbursed in the first nine months of the year € 6,191 million to buy properties in Spain. The figure represents a yearly 21% reduction (11% compared with the same period of 2014).

The evolution of the investment in real estate still being positive.

However, the feeling among the sector experts is that the evolution of the investment in real estate still being positive. In fact, CBRE considers that this optimistic point of view is reflected in the year-end forecast, which is expected to be between 8,500 and 9,000 million euros.

In this regard, some big operations are seen as a real transformation of this trend: the purchase of Torre Cepsa, closed last week and for which Amancio Ortega has paid 490 million euros; the sale of the Edificio España, which the Murcian group Baraka will formalize next October 15, for about 272 million; as well as the acquisition of Adequa Business Park in Las Tablas (Madrid), which Socimi Merlin will cash in December for 380 million. In addition, El Corte Inglés is expected to close the sale of its logistics portfolio for between 250 and 300 million euros.

The main kind of properties that will concentrate the attention of investors till end of 2016 will be large offices buildings, malls as well as logistic centers. All the indicators point to this real estate assets as the most attractive and profitable for national and international investors.

Source: CBRE.

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