Spain Property Investment Captured 2,400 Million. The arrival of 2016 aroused some concern in the real estate sector. After living a record investment over the past year and a battery of domestic and international uncertainties on the table, many voices pointed to a possible loss of interest in the Spanish brick investment.
However, recent studies hint at that investor appetite remains very much alive. The consultant Cushman & Wakefield says that in the first three months of the year our country has attracted 2,400 million euros in investment, 20% more than between January and March 2015.
All these resources have been achieved with only 40 operations, including highlighted undoubtedly the office portfolio acquired by Metrovacesa. Hence, this has been the sector that has brought together most of the investments.
As says the report of the consultant, the office sector has been the one who has captured more capital (51% of the total), with nearly 1,200 million euros. He has followed the retail sector, which has concentrated 36% of the investment volume. The main operations for the quarter was the purchase of the portfolio of Eroski by Invesco, totaling 358 million; and the portfolio of offices in Madrid and Barcelona owned by BBVA, Santander and Banco Popular, now owned by Metrovacesa.
Availability falls and prices rise offices
One of the readings of the report is that the high demand for office space and the limited supply of quality products is rising prices.
“Lack of office space available quality is already creating difficulties for companies to find the space they need, which has resulted in hiring levels to drop but in turn that the rental rates in the best areas of Madrid and Barcelona continue to rise due to the availability in the best buildings continues to decline , “says Oriol Barrachina, CEO of Cushman & Wakefield.
This potential for growth in rents and has been certified since last year, he adds, “is one of the main reasons why the interest of investors to take positions being shown continuously”.
The forecasts also says that in the coming months prices will continue to rise gradually, both in homes and in land for development. The lack of new and luxury homes in Marbella, will keep pushing the prices of second homes even higher… So, If you are searching for the latest property listed in Marbella, do not take too long, as the high demand for Marbella luxury property on the Costa del Sol keep pushing the prices higher and higher every month.
So if you would like to buy your luxury property in Marbella and the Costa del Sol before prices get too expensive, please do not hesitate to fill the form on Contact Us or give us a call on+34 952 811 010 Today!<< Marbella Real Estate Recovery with Precrisis Figures in Spain