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Real Estate Purchases Fell by 75% in March

In March, operations amounting to just €841 million were closed, whilst in January and February, that figure reached €6,000 million.

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Panoramic of the Cuatro Torres financial complex in Madrid.

Real estate investment in March plummeted by 75% compared to the same month in 2019. Meanwhile, in quarterly terms, the decrease compared to the first quarter last year amounted to just -13% – down from €7,900 million to €6,900 million, according to El Confidencial.

In January and February 2019, investment amounted to €4,600 million, whilst in the first two months of this year, the figure reached €6,000 million, according to data from the DAO algorithm of Addmeet, the online auction and private sales portal, which had been forecasting a good year for real estate investment in Spain (prior to the coronavirus outbreak).

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