HomeCoronavirusReal Estate I...

Real Estate Investment Soars 71% in Third Quarter to €3.413 Billion

The hotel sector accounted for 40% (1.372 billion euros) of investments in the quarter, followed by the office sector (718 million euros) and residential (460 million euros).

hotel bless madrid

After a long spell defined by the Covid pandemic and months of confinement, the real estate investment market is gradually returning to pre-crisis levels.

According to the latest data, investment in the third quarter has returned to 2019 figures, with property investment (offices, retail, logistics, hotels, rental residential and alternative) reaching 3.413 billion euros.

According to BNP Paribas Real Estate, this figure is 15.4% above the previous quarter and 71.1% more than the same quarter in 2020.

Year-to-date, real estate investment has reached €8.371 billion, 33% more than in the same period of 2020 and “taking into account that until March 2020 activity was very high”, according to the French bank’s real estate division.

Following in the footsteps of 2020, logistics assets and residential rental properties are the two most sought-after types by investors so far in 2021.

Read the full article in Spanish

B-Exclusives

Latest news