Real estate investment, excluding the purchase of first and second homes, reached its highest level since 2007 in the fourth quarter of 2019, according to the latest survey about the confidence of Spanish investors conducted by the manager J.P. Morgan AM.
Lack of confidence
Even so, bank deposits are still the predominant vehicle for Spanish savers, despite the zero returns seen in recent years. 88.8% of those surveyed claimed to have deposits in their portfolio, and an additional 43.1% said they were willing to make deposits within the next six months.
The second most popular product are pension plans, with 42.1% of the total. In third place, are investment funds and listed funds (ETFs), with 29% of the total.