Insights

Do you want to stay up to date and receive our semi-annual reports, professional market data, information and other news regarding the real estate sector in Iberia?

2023 – Annual Report

February 2023

Real Estate investment reached €11.1 billion in FY23 (c. -32.6% vs. FY22). FY23 has been a very challenging year, marked by a high level of uncertainty and a persistent high inflation (decreasing from the second half of the year). In this context, the ECB continued raising interest rates during the year, reaching a level of 4.5% (+200 bps during the year) by September 2023, last month of interest rates hike. These macroeconomic situation has been translated into an inevitable rise in prime and secondary yields in most real estate sectors.

2023 Semi – Annual Report

August 2023

After 2022 investment volume record (post Covid-19 effect), Spanish Real Estate investment in H1 2023 stood at €4.4 billion (-52% vs H1 2022), affected by the increase in interest rates and the higher uncertainty existing in the capital markets.

2022 – Annual Report

March 2023

Real Estate investment in FY22 reached record figures, totalling €16.4 billion (excluding corporate deals, +29% vs FY21). Private investors have been the major players.

Investment in FY22 developed mainly during H1, despite the Russia-Ukraine war, high inflation and the supply bottlenecks. The strongest month was April, with a total volume of €2.6 billion transacted (thanks to the sale of the BBVA branch portfolio by Merlin Properties).

2022 Semi – Annual Report

September 2022

H1 2022 Spanish Real Estate investment totalled €10,454 million, excluding corporate deals, representing an increase of 90% vs. H1 2021 (€5,489 million) and above the registered in FY 2020. This recovery has taken place in a context driven by the main trends intensified by the pandemic: digitization, remote/flexible working and ESG standards, all of which are emerging key criteria in current investment strategies. As well and thanks to savings registered during the recent years, investors appetite increased during H1 2022, boosted also by the great access to capital.

2021 Annual Report

March 2022

FY21 Spanish RE investment totalled €12,710 million, excluding corporate deals, representing a 34% increase vs. FY20 (vs. 25% increase in Western Europe). This recovery has taken place in a context driven by the main trends that the pandemic has intensified: digitisation, remote working and ESG standards, all of which are key criteria in current investment strategies.

2021 Semi – Annual Report

September 2021

Total investment in the Spanish real estate sector amounted to c.€5.5 billion in H1 2021 (€3.5 billion euros in Q2 2021). Confidence towards RE sector has boosted, and it is expected to meet the most optimistic forecast set at the beginning of the year (between €10 and €12 billion by the end of 2021).

2020 Annual Report

March 2021

Total investment in the Spanish real estate sector amounted to c.€9.5 billion in 2020. Exceptional Q1 of the year and a very solid Q4 helped to compensate the severe impact of Covid-19 crisis.

2020 Semi – Annual Report

September 2020

Total investment in the Spanish real estate sector amounted to c.€5.0 billion in H1 2020 affected by the Covid-19 economic and sanitary crisis. Many transactions placed on-hold and investors in a wait and see position.

2019 Annual Report

March 2020

Total investment in the Spanish real estate sector amounted to c.€12.7 billion in 2019, being the most desired assets: Office and Hospitality. Spanish 2019 RE Investment volume reinforces the strength of the sector in a turbulent economic and political year.

Do you want to receive our semi-annual reports on the real estate market?

Form is deprecated, please contact the webmaster to upgrade this form.