HomeCoronavirusStrong Second...

Strong Second Semester Bumps Investment Forecasts For Year to €12 Billion

CBRE has revised its initial estimate of €10 billion in real estate investment upwards for this year, after a very active second quarter with €3.5 billion invested.

Real estate investment should reach 11 or 12 billion euros in 2021, according to CBRE. Last January, the consultancy had forecast that investment would total €10 billion, but “we now believe that these forecasts will be beaten,” said the company.

At a press conference, Mikel Marco-Gardoqui, managing director of CBRE Spain, and Lola Martinez, director of Research, said that “we are very optimistic for the second half of the year.”

The year began more quietly, with €1.65 billion of real estate investment in the first quarter, but we have seen a “very active second quarter with 3.5 billion euros of investment,” they said.

In total, €5.15 billion was invested during the first semester of the year, in line with the first half of 2020 (the first quarter of last year was historic, while investment dropped sharply during the second quarter of 2020 due to the coronavirus pandemic).

Read the full article in Spanish

B-Exclusives

Latest news