Home Coronavirus Real Estate I...

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.

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


Increased Demand for Houses in Madrid Leaves Supply at Six-Year Low

The demand for houses in Madrid following the coronavirus pandemic reduced supply by 28% in 2020, with interest concentrated on the city’s periphery. However, Moncloa-Aravaca still has the most detached properties for sale in the capital, according to Brainsre.

Where are the Highest Housing Yields in Madrid and Barcelona?

According to Brainsre, buying a property to let is currently yielding a gross profit of 4.6% in Madrid and 4.1% in Barcelona, the lowest value in the last five years.

A Snapshot of the Spanish Residential Market

Between March and December, the supply of single-family homes fell by 12%, falling twice as quickly as that for flats, due to a sharp increase in demand, according to Brainsre.

A Snapshot of the Housing Market in Barcelona

San Martín and Sants Montjuic saw the most significant declines in housing prices, though prices are still over €4,200 and €3,500 per square metre, respectively, according to Brainsre.

Latest news

Domo Activos Bids for 5,600 Homes from Sareb

The former socimi will present its bid for Sareb’s Darwin Project next Monday. Other potential bidders include Altamira, Haya, Servihabitat and Intrum.

Cement Consumption Grows by 8% to March, Back to Pre-Pandemic Levels

The figure represents the highest level of production in March alone in the last five years, according to Oficemen data.

Culmia and Aedas Bid to Build the First 6,646 Homes in Madrid’s Vive Plan

Isabel Díaz Ayuso, the president of the Community of Madrid, announced that "there has been sufficient competition to be able to start the construction of the first 6,646 homes," in a statement last week.

IHG to Open Luxury Hotel in Barcelona After €14-Million Investment

IHG's new luxury hotel in Montjuïc will have 273 rooms and is set to open its doors this summer. Bookings are already being accepted.