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Investors Will Spend €5 Billion Between Now and Year-End on Rental Homes, Logistics Assets and Offices

The consultancy CBRE estimates that direct investment in Spanish real estate assets this year will be 30% lower than the €12 billion recorded in 2019 and that in the event of a "U"-shaped recovery, the figure will approach €10 billion in 2021.

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The coronavirus and its fallout are continuing to redraw the economic and real estate scenario. The consultancy CBRE has carried out a new forecasting exercise, in which it predicts the reactivation of investment in the Spanish real estate sector during the second half of the year. Nevertheless, by year-end, it expects the total volume of investment to be around 30% lower compared to 2019.

Those are the findings from the special edition of the Market Outlook for 2020, a study traditionally carried out by the consultancy firm, which has revised the forecasts announced in February, “following the unprecedented impact of the COVID-19 health crisis”. By sector, and given the uncertainty of the economic scenario, logistics assets, prime offices and operational assets (such as rental homes, build-to-rent housing, student residences and hospitals) are expected to lead the investment figures.

Read the full article in Spanish.

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