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Real Estate Investment in Spain Fell by 30% in 2020 Due to Coronavirus

Investment in the real estate sector amounted to €9 billion in 2020, down by 29.3% in interannual terms due to the impact of the coronavirus.

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However, activity registered during the last quarter of the year was very positive, whereby consolidating the real estate sector’s position as the leading alternative investment, according to a report from BNP. In fact, the consulting firm Cushman predicts that the Spanish property sector will attract around 9.2 billion euros of investment this year, which would represent an 18% increase compared to 2020.

In this way, according to the French consultancy firm, the volume of direct investment in assets in the office, retail, logistics, hotel, residential rental and alternative segments between the months of October and December amounted to 2.639 billion euros. That figure represents an increase of 27.7% compared to the third quarter of 2020 and a reduction of -31.3% compared to the same period in 2019.

Read the full article in Spanish.

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