The real estate sector continues its return to a semblance of normality. Investment in Commercial Real Estate – which includes the office, logistics and retail segments – reached €2.85 billion during the first half of 2021. Of the total, €2.265 billion came in the second quarter.
According to data from the consultancy firm JLL, the latter figure represents an increase of 796% compared to the same quarter of the previous year, which coincided with the harshest period of the lockdowns during the first wave of the pandemic.
Investment increased by 258% q-o-q in the second quarter, tripling the cumulative volume in the first three months of 2021. “These figures reflect the start of the recovery that we had already anticipated, and we expect it to consolidate in the second half of 2021,” the consultancy stated.