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Real Estate Investment Will Fall by Almost 40% to €8 Billion in 2020

BNP Paribas forecasts that the year will close with an investment volume of close to 8 billion euros, which would represent a 37% decrease compared to 2019, whereby bringing Spain back to its 2014 levels.

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The Covid-19 pandemic and the resulting concerns over the economic recovery have had an effect on real estate investment in Spain, which had recorded maximum levels in each of the last six years. The volume of transactions to September amounted to 6.373 billion euros, which represents a 28% drop in interannual terms, according to BNP Paribas Real Estate.

The consulting firm forecasts that this year will close with an investment of close to 8 billion euros, which would represent a 37% decrease compared to the maximum of 2019, according to Cinco Días. That figure would take Spain back to its 2014 levels, when the country was beginning to emerge from the debt crisis and embark on its economic recovery.

Read the full article in Spanish.

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