Crisis Threatens Millions of M2 of Shopping Centres in Spain
EY estimates that only 11 million of the 16 million m2 of shopping centres in Spain are viable, while another million and a half in planning may not be executed.
Real Estate Investment Rising 33% to €12 Billion by 2021
According to Gloval, the recovery will begin in the second half of the year, with the most dynamic segments likely to be hotels, built-to-rent, and logistics.
Hotel Sector Still Shows No Sign of Recovery
Hotel occupancy in Spain stood at 23% in the first three months of 2021, down 54% year-on-year, while revenues per available room fell 65%, according to Cushman & Wakefield.
Home Sales Reach Pre-Covid Levels, According to UCI
Housing sales fell by 31% between April and May 2020, but these transactions have been recovering, having dropped by 1% y-o-y at this point.
