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Investment Will Not Recover to its Pre-Pandemic Levels Until 2023, According to Savills IM

The firm's Outlook for 2021 report identifies 'solid' long-term opportunities in Spain in the logistics, food-based retail and office sectors, as well as in the build to rent segment.

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Panoramic photo of Madrid

The Outlook for 2021 report published by the manager Savills IM, entitled Building resilience into global real estate portfolios, points out that 70% of real estate investors globally expect real estate investments to increase or remain unchanged for the next twelve months.

“In Spain, although the high levels of unemployment and public debt represent a risk for the economic outlook and despite the fact that the recovery to pre-pandemic levels is not expected until 2023, the real estate market offers obvious investment opportunities,” says Fernando Ramírez de Haro, Managing Director of Savills IM for Spain and Portugal.

Read the full article in Spanish.

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