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The Land Market Soars Driven by the Appetite for Rental Properties

Interest from large investors in build-to-rent projects is driving up the purchase of land, with prices rising post-Covid, according to Catella.

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The Spanish residential market is continuing its upward path, with increases in prices and transactions, especially when it comes to new homes. This trend is now affecting the land market, which, after suffering from the impact of Covid, is experiencing exponential growth.

“After the area of urban land transacted decreased by 18% in 2020, operations involving 34,822 million square meters of land were registered in 2021, resulting in the largest year-on-year increase in the historical series (up by 75%). This demonstrates the strength of the residential segment at the moment”, say sources at the consultancy Catella, led by Carlos López.

Read the full article in Spanish.

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