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Real Estate Investment 40% Below Level in 2020

In the first quarter of 2021, a total of €4.3 billion in transactions were completed, equivalent to a 40% drop compared to the same period in 2020.

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Despite an uptick in real estate sales during the last months of 2020, a total of €4.3 billion in sales were recorded in the first quarter of the current financial year, a 40% decline compared to the first three months of 2020, according to data from Addmeet, a website specialising in online auctions and private sales.

Investment fell by 50% to €18 billion in 2020 due to the Covid-19 pandemic, compared to the figure recorded the previous year. However, 2019 saw investment reach record highs, according to the website’s calculations, as reported by El Confidencial.

The industrial and logistics sector best withstood the impact of the pandemic. In the first quarter, it reported increased levels of investment compared to the same period of 2020. While €825 million flowed into the sector in 2020, that amount rose to 1.2 billion euros this year.

Read the full article in Spanish


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