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CBRE: Residential Investment in 2021 to Reach €2 Billion

Due to " steady and sustained " demand, the consultancy CBRE expects new construction prices to rise by 6.5% in 2022.

CBRE

Residential investment is maintaining its strength in Spain. According to a report by CBRE, investment in the sector, which accounted for 24% of total real estate investment this year, could yet experience a contraction in yields.

The consultancy noted that residential investment has involved a total outlay of close to two billion euros in 2021.

CBRE has also estimated that there will be 5.2 million homes for rent by 2025, 27.3% of the supply. Currently, it now represents 24.8%. It believes that the year will close with 75,000-85,000 new building permits.

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