There Is A Calmness To The Real Estate Markets Halfway Through Q1 2015
Survey reveals record year Property consultants CBRE have revealed that property investment in Spain reached €10,200 million in 2014, second only to the boom year of 2007.
The report also reveals that the majority of of deals done in Spain last year were finalised in the last quarter of 2014, suggesting that investor interest increased as the year progressed.
€3,396 million was invested in Spanish real estate between September and December, 50 per cent higher than the same period in 2013.
The increase in Spanish investment reflected the trend in Europe, where investment in property assets increased 32 per cent in 2013 to €218,000 million.
CBRE’s conclusions, which include residential investment, back up a recent report from BNP Paribas showing that commercial real estate investment in Spain surged 85% last year, underling the fact that 2014 was a record year for property investment.