June, 2023
Despite the slowdown in investment activity due to the undergoing volatility in the financial markets and the spike in interest rates, the retail sector in Spain continues to stabilize and is steadily recovering to pre-pandemic levels. The sector received a total investment of c. €200 million during the first three months of 2023. The currently […]
May, 2023
The office market in Spain is showing signs of dynamism in spite of the uncertainty derived by the current economic environment. In the first quarter of the year, Madrid and Barcelona registered positive figures with over €530 million invested in the sector. In Madrid, the high demand has been reflected into a take-up volume […]
May, 2023
The first quarter of 2023 registered an important rebound compared to the previous quarter, accounting to more than €270m in logistics investments in Spain. In Madrid, the investment volume in the first quarter reached c. €170m, representing over a third of the total logistics investment in the country. Prime yields have risen slightly this quarter […]
May, 2023
As of Q1 2023, the main KPIs have reached (and even surpassed in key locations) pre-pandemic levels for both ADR and RevPAR. During this period, average RevPAR reached c.€78 (+c.43% YoY). On the other hand, this year’s first quarter ADR stood at c.€120 (+c.16% vs 2019). In this respect, the destinations that outperformed during this period were The Canary Islands, Barcelona and Madrid. The robustness and resiliency of the […]
May, 2023
FY22 was a turning point for real estate investment in Portugal, reaching c. €3.0 billion. This represents a growth of c. +50% vs FY21. During last year, there was a considerable inflow of foreign capital, representing 78% of the overall investment volume. The office market transacted c. 270,000 sq.m. inLisbon, setting a historical record. Throughout […]
April, 2023
Student housing accounted for 31% of the total investment in living (c.€1.4 billion), evidencing the growing investors’ interest for this sector. As of Q4 22, prime yields stood at 4.6%, having increased only 0.1% since Q1 22, being one of the most stable yields of the real estate market. Demand is mainly driven by two […]
April, 2023
Logistic sector in Spain has had another great year driven by its strong market momentum (e-commerce boom intensified since FY21) andthe demand of logistics assets. Total logistic investment during FY22 amounted to c.€2.3 billion (very close to historical FY21, and +c.40% vs. last 5 years average). Core+ was the most demanded asset type (+50% of […]
April, 2023
FY22 was an excellent year for the living sector in terms of investment. Of the total amount invested in the Spanish real estate sector, 19% was allocated to living (c.€3.1 billion, excluding student housing). Moreover, it represents a growth of c.3% compared to FY21 (c.€2.9 billion). Prime yields experienced several upward adjustments over the year […]
April, 2023
Retail investment reached record figures in FY22 with €3.9 billion (+290% vs. FY21). Much of this volume corresponds to purchases of large portfolios of bank branches (BBVA and Santander). Excluding these transactions, total volume reached €1.9 billion, still a 90% increase vs. FY21. High street was the sub-sectorwith the highest transaction volume (c.40% of total),followed […]
March, 2023
Investment volume in the Spanish office sector in FY22 reached c.€2.8 billion. Madrid ended the year with c.€1.2 billion (+30.7% vs. FY21)closedand in Barcelona, by contrast, investment figures decreased to c.€1.0 billion compared to an outstanding 2021 (-38.0% vs FY21)closed. In relation to office leasing market, FY22 has been very positive for both Madrid and […]