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Investment in Real Estate Leasing Fell by 8% During the First 4 Months of 2020

New investment in leasing for movable property decreased by 32.6% to €1.7 billion, whilst for immovable property it fell by 8.1% to €258.8 million.

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Spanish companies invested €1.9 billion in leasing to finance real estate and movable property during the first four months of 2020, a figure that was 30.1% lower than during the same period a year earlier, according to data from the Spanish Leasing and Renting Association (AELR), in line with the paralysis of the economy due to coronavirus.

Despite the drop, and although new investment in leasing for movable property decreased by 32.6% to €1.7 billion, that of real estate amounted to €258.8 million, down by just 8.1%. In terms of the items that performed best within this segment, Industrial Warehouses are worth highlighting, where leasing was contracted for €172 million – up by 13.4%.

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