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Investment in Offices Resists the Impact of Covid and Could Reach €3 Billion in 2020, According to Savills

So far this year, the Spanish office market has registered transactions amounting to around 1 billion euros, in line with the average for the first half of the year since 2014, according to the consultancy.

Investment in the office sector is resisting the onslaught of Covid-19 with figures for the first half of the year close to the usual investment volume for the same period in recent years. That is according to the consulting firm Savills Aguirre Newman, which predicts that after registering transactions worth 1 billion euros between January and June, the market will close 2020 with an investment volume of between 2.5 and 3 billion euros.

“So far this year, the segment has registered operations worth around 1 billion euros, in line with the average for the first half of the year since 2014, when the expansionary phase of the cycle began with 1.1 billion euros”, explained representatives from Savills in a digital meeting organised by the firm.

Read the full article in Spanish.

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