this Spanish real estate industry just broke a record. In the first half of the year, this fabric received an investment of 9,870 million Euros, a figure that is on track to double the volume (+80%) for the same period of 2021. CBRE real estate agent -responsible for radiography- “best data since recordings were recorded”.
According to this analysis, the segment It is the trade sector that attracts the most investors. Such installations amount to around 2,900 million euros (almost 30% of the total), which in this case is eight times higher than in the first half of last year. As such, it is the real estate segment that has grown the most despite being driven largely by a large operation: BBVA’s repurchase of more than 630 former branches from Merlin for around €2,000m.
There is also a significant increase investment living spaceThe second most capitalized sector (2,400 million euros, a quarter of the total) and the . In this case, although buildings built to rent their homes and private property used While they remain the most appetizing assets among investors, the real estate agent finds that operations are starting to increase worldwide. dormitories and call ‘to live’.
Thus, together, commercial buildings and residential buildings account for more than half of the investment in the Spanish real estate sector. Below hotel industryrecording the best figure for the first half of the year for five years (1,650 million euros); most industrial and logistics field (1.175 million); most Officescontinuing its upward trend by increasing its weights by 27% (1,000 million Euros); and finally, the alternative sector (600 million) with “many operations” around the world health sector and especially around residences for the elderly.
“The investment volumes recorded in the first half of the year show that the real estate sector in Spain continues to be attractive to investors even in the changing macroeconomic context,” CBRE’s director of research in Spain analyzes, Miriam Goicoecheanevertheless admits that economic turmoil may change the trend in the second half of the year. “The current volatility in the market will lead us to closely monitor the development of the investment throughout the second half,” the expert says.
house price rises
The same real estate consultancy warned at the end of May that it expects house prices to increase by 3.6% this year. Specifically, this will make up 4.4% for new construction and 3.4% for used construction. until March and accordingly Registration College, the housing sector had already become more than 10% more expensive compared to the same period of the previous year. According to his analysis, the average house price in Spain at the beginning of the year was 1,911 euros per square meter. Inside Cataloniathe fourth most expensive ensemble in this sense was 2,391 euros per square metre.
In any case, CBRE is clear that these price increases are far from being interpreted as a return. housing bubble. “The real estate sector is at a great moment, a great 2021 in operations, and 2022 is focused on that,” the vice president of real estate consulting in Spain said in May. Said. Javier Kindlan. “Spain is still a low-supply market compared to demand, so there is great ‘liveability’ potential,” the manager said.