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Booming Rental Housing Sector Totals €46 Billion in Europe

The figure is equivalent to a 6% year-on-year increase and is 17% above the average for the past five years, according to a study by the consultancy Savills.

Richard D K Turner

Residential real estate investment in the rental sector in Europe totalled €46 billion in 2020, proving to be one of the most resilient real estate sectors, according to Savills. The figure represents an increase of 6% year-on-year and is 17% over the average of the last five years.

According to the firm’s European Multifamily report, Germany accounted for 40% of total investment, followed by the Netherlands (15%), Sweden (12%), Denmark (9%), and Spain and the UK (6% each).

Susana Rodríguez, CCO of Savills Aguirre Newman, confirmed the trends, noting that “according to our estimates, Spain needs to develop more than two million rental homes, a significant part of them with some kind of protection or with affordable rents”.

Read the full article in Spanish

 

SourceBrainsre.news

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