Real estate investment in Spain is expected to reach 12 billion euros in 2021, an increase of 33% compared to the €9 billion last year. The forecast is one of the main conclusions of the ‘Investment Guide in Socimis and Sigis 2021’ prepared by Prime Yield, a subsidiary of Gloval, together with the law firm DLA Piper. The report notes that the start of the recovery will come in the second half of the year due to progress in the vaccination drive. The study points to the built-to-rent and logistics sectors, along with residences for the elderly/students and hotels as “the main drivers of a market that maintains liquidity.”
According to the firm, the Spanish real estate market currently has sufficient liquidity to fund projects that were not very well developed before the pandemic.
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