Investment in Spain grows 15%

Investment in Spain grows 15%


So far this year (January to September) investment in the real estate sector is of €8,200 million. Despite the acceleration registered in this last quarter, the investment in the first nine months of the year of 2018 is below that registered in 2017, which registered a volume of €10,500 million, mainly due to a record in the first quarter which placed the investment figures at €4,674 million.

International funds continue to lead acquisitions, including the South African Vukile fund for acquisitions of shopping centers in the third quarter in Badajoz, Cadiz, Andalusia and Valladolid worth €489 million. The fund has invested nearly 1,000 million in Spain.

The assets that have attracted the most investment during this third quarter have been the residential, retail and offices segments. In the case of the offices segment, was registered an investment growth of 8.1% compared to the third quarter of 2017, standing at €1,117 million compared to €1,033 million registered the previous year.

According to Ramiro Rodríguez, Associate Director of Research at Cushman & Wakefield, "this growth is due to the fact that investors and international funds continue to find attractive opportunities in the Spanish real estate sector and a favorable environment marked by continued growth in rents."

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