Insights
Quer manter-se actualizado e receber os nossos relatórios semestrais, dados profissionais do mercado, informações e outras notícias sobre o sector imobiliário na Península Ibérica?
Informes del Mercado Inmobiliario Español
2026 Semi – Annual Report
September 2026
In H1 2026, total investment in the Spanish real estate sector amounted to €12.2 billion, reflecting 82% year-on-year growth and the strongest half-year on record, already representing c. 66% of the full-year 2025 volume. Living & PBSA and Hospitality were the sectors attracting the strongest investor interest, accounting for 57% of the total. The monetary cycle turned during the period, with the ECB raising the deposit rate to 2.25% in June and the 12-month Euribor moving to 2.80%, narrowing the positive-leverage window. Full-year investment is nevertheless expected to exceed €20 billion, setting a new record for the Spanish market.
2025 Annual Report
March 2026
In 2025, real estate wholesale investments in Spain reached €18,400 million, reflecting a c. 54% increase compared to 2024 and the highest volume since 2018. Hospitality and Living & PBSA sectors spearheaded investment, accounting for over 51% of the total. Q4 was particularly active, contributing c. €5.5 billion, or 30% of the annual total. The ECB’s completion of its easing cycle, with the deposit rate at 2.00%, supported favourable financing conditions throughout the year, a trend expected to sustain investment volumes above €18 billion in 2026.
2025 Semi – Annual Report
September 2025
In H1 2025, total investment in the Spanish real estate sector amounted to €6.7 billion, reflecting 8% year-on-year growth. Hospitality, Living and Retail were the sectors attracting the strongest investor interest. Successive interest rate cuts have underpinned real estate investment activity, a trend expected to continue, supported by Spain’s continued economic growth.
2024 Annual Report
March 2025
In 2024, real estate wholesale investments in Spain reached €11,929 million, reflecting a 7.9% increase compared to 2023. Living and Hospitality sectors emerged as the primary focus for investors, accounting for 51% of total investment. Q4 was particularly active, contributing c. €5 billion, or 41% of the annual total.
2024 Semi – Annual Report
September 2024
During H1 2024, total investment volume in the Spanish real estate sector reached €4.9 billion, representing an approximate year-on- year increase of 13%. The asset classes that attracted the most investors’ interest were Hospitality, Retail, and Living. However, the high interest rates recorded during the first semester kept investment at moderate levels. This trend began to show a gradual shift towards the end of the period and is expected to continue by H2 2024.