Real Estate Investment Plummeted by 86% in Q2
Investment in offices, logistics assets, retail properties and hotels plummeted by 86% to 200 million euros in the second quarter of the year.
The Bank Default Rate Decreased to 4.74% in April and Credit Recovered
According to data from the Bank of Spain, this figure represents a reduction in the bank default rate of almost one percentage point compared to April 2019, when it stood at 5.70%.
City Councils and Regional Administrations “Resuscitate” Protected Housing
Regional and municipal administrations have begun to test formulas such as the transfer of rights to operate on land allocated for affordable housing, but property developers are continuing to demand the transfer of land for private development.
These Are the First Operations being Closed Following the Pandemic
The Spanish real estate sector is beginning to show the first signs of reactivation following the pandemic, with the signing of several operations, in particular in the 'build to rent' segment.
