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Real Estate Investment Fell by 65% to €1.4 Billion in Q3 2020

The volume of real estate transactions carried out between July and September reached 1.439 billion euros, down by 65% in interannual terms, with the office segment leading the charge.

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Real estate investment in Spain has started its journey on the path to recovery. Between July and September, the volume of transactions amounted to 1.439 billion euros, up by 22% compared to the second quarter of the year, but down by 65% compared to the third quarter of 2019, when 4.062 billion euros were transacted, according to CBRE.

In this way, during the first nine months of the year, the Spanish real estate sector has captured a total of 6.840 billion euros, down by 23% compared to 2019, when the figure amounted to 8.905 billion euros. During the first quarter, transactions amounting to more than 4.200 billion euros were registered and in the second quarter, 1.182 billion euros.

Read the full article in Spanish.

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