Gesvalt says that in 2019 it observed a “clear appetite” for ‘Build to rent’ projects by the large funds, Socimis and insurance companies, which resulted in investment figures that were three times higher than those recorded in 2018, reaching around €1.5 billion. The rental sector is gaining weight in the residential segment, with a particular focus on the large cities, such as Madrid and Barcelona, where price tensions are greatest.
The office market, which is still being led by cities such as Madrid and Barcelona, and where there is still a clear supply shortage with availability rates in the prime areas of less than 5%, is also showing some solvent indicators, which are further boosting its appeal to investors.
