Real estate investment in Spain is already close to the total volume of 2016

Published on November 2nd 2017

The volume up to September adds 8,700 million euros, 91% of the 9,564 million invested last year

Although national and international investors do not take their eyes off the serious institutional crisis that Catalonia is experiencing, distrust has not affected the real estate sector at the moment. The volume of investment in residential, offices, retail, logistics and hotels has closed the third quarter of the year around 8,700 million euros, representing an increase of 40% over the same period of the previous year, according to data from the JLL consultant. In addition, this figure already represents 91% of all the investment in 2016, which stood at 9,564 million euros. "The market is going through an excellent time and it is foreseeable that all business segments improve their investment volume with respect to 2016 and we can achieve a historic investment at the end of the year," explains Borja Ortega, director of Capital Markets at JLL.

The retail market is the segment with the highest volume of investment in these nine months, reaching 3,267 million euros, 28% more than in the same period of 2016, and could end the year around 4,000 million euros, a historical figure due to the number and volume of operations closed or in the process of closure. In this third quarter, operations such as the sale of the San Miguel Market for 70 million, the Mercado de Fuencarral for 50 million and Gran Vía 18 for 44 million, all in Madrid, should be highlighted.

 

Source: El País

We use our own and third-party cookies to make our website work safely and personalize its content. Likewise, we use cookies to measure and obtain data on your navigation and to adjust advertising to your tastes and preferences. Press the "Accept all" button to confirm that you have read and accepted the information presented. To manage or disable these cookies, click on "Configuration". For more information see our cookies policy.
Modify cookies
Technical and functional Always active
This website uses its own Cookies to collect information in order to improve our services. If you continue browsing, you accept their installation. The user has the possibility of configuring his browser, being able, if he so wishes, to prevent them from being installed on his hard drive, although he must bear in mind that such action may cause difficulties in navigating the website.
Analytics and personalization
They allow the monitoring and analysis of the behavior of the users of this website. The information collected through this type of cookies is used to measure the activity of the web for the elaboration of user navigation profiles in order to introduce improvements based on the analysis of the usage data made by the users of the service. They allow us to save the user's preference information to improve the quality of our services and to offer a better experience through recommended products.
Marketing and advertising
These cookies are used to store information about the preferences and personal choices of the user through the continuous observation of their browsing habits. Thanks to them, we can know the browsing habits on the website and display advertising related to the user's browsing profile.