For this year, the investment in real estate assets will rise to 13,000 million euros, according to the Real Estate Market Outlook Spain 2022 report, which is prepared annually by the consulting firm CBRE.
The analysis highlights that, at the end of the 2021 financial year, the multifamily and hotel sectors accounted for almost half of the investment made in the year, with 46% of the total investment, which exceeded 12,000 million euros. After these subsectors, offices followed, with 19% of the total, and logistics, with 17%.
By segments, rental housing within the multifamily or living sector accounted for a large part of the investment made during 2021 (74%). This segment will continue to be one of the main protagonists due to the lack of quality rental housing in Spain and the expected increase in demand. The park of residences for rent will add 20,000 new homes until 2024, according to Cbre estimates.
Another protagonist within this sector will be student residences. In the midst of the expansion phase, 9,000 new beds are expected to hit the market over the next year, after the 2020 break. 4,000 places until 2023. One of the biggest trends in the inflow of investment capital in 2022 will be senior living, since there is very little supply and Spain will have a third of its population over 65 years of age in 2050.
The hotel and logistics segments will remain among the preferences of investors
With regard to the hotel sector, last year it closed with 3,150 million euros invested. The high appetite for hotel assets remains. Another sector that will continue to gain prominence this year will be the industrial-logistics sector. Among the sectors of electronic commerce that are going to grow the most are food, restaurants, fashion, footwear and, in general, delivery items.
Since the outbreak of the pandemic in March 2020, the office sector has been at the center of all the lights. Cbre foresees that the occupation or the return to the offices will continue to rise, and that issues such as better quality spaces or with greater flexibility in work formats will be prioritized.
Regarding office rental, 2021 closed with an increase of 22% in Madrid, while in Barcelona it has almost doubled compared to 2020. With a view to 2022, an increase is expected in Madrid of around 25%-35%, greater than the one that will be registered in Barcelona, which will be in the 15%-20% range.