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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.

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.


Where and When Will the Most New-Build Homes Be Handed Over in 2021?

In total, property developers and cooperatives are planning to complete 71,825 new-build homes during 2021, spread over 3,342 developments, according to Brainsre, of which almost 15,000 will be located in Madrid.

Which Are the Areas of Madrid Where Homes Are Sold or Rented the Quickest?

The health crisis is taking its toll on the time it takes to sell or rent a home in the Spanish capital, although some areas are resisting better than others, according to Brainsre.

Rental Properties No Longer “Fly Off the Shelf” in Barcelona as the Time it Takes to Find a Tenant Increases

It now takes 2.2 months on average to rent out an apartment in Barcelona, up from 1.5 months, according to Brainsre, however, the city still has one of the most liquid rental markets in the country.

Special B-Exclusives: How Many Square Metres Did Spaniards Spend the Lockdown in?

Every household in Spain has an average of 42.75 square metres for each inhabitant, with 2.51 people in each home. Ceuta, Melilla, Guipúzcoa and Madrid are the areas with the least space.

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