The living sector, which includes residential assets for rent, student residences and the senior housing segment, will soon become the first category of real estate investment in Spain. This was stated by Adolfo Ramírez-Escudero, president of the consulting firm CBRE Spain, during the event 'Trends 2022'.
"Living is evolving very quickly," said Ramírez-Escudero. It is already “the first category of investment in the United States. In Europe and Spain, it has become the second and will become the first », he added.
Currently, the living sector accounts for 38% of the total volume of investment in the United States. In Europe and Spain, on the other hand, it represents 29% and 23%, respectively.
Some of the most outstanding subsectors within the living segment will be build to rent, affordable housing and senior living, as predicted by the president of CBRE Spain.
Regarding the educational sector, he pointed out that since 2017 around 2,000 million euros have been invested in our country in universities and new educational entities. In this sense, Ramírez-Escudero has stated that student residences have a long way to go. «In Europe, the penetration rate with respect to the total supply of students is 14%. In Spain, it is only 6%. There are 100,000 beds available and 70% are obsolete », he commented.
Other sectors to take into account will be healthcare, life science, logistics, where "availability is 3% and rents are going to grow quite a bit" and data centers, which "have gone from 200 million euros a year to investment in Europe to 1,100 million».
Regarding the retail sector, the manager pointed out that "the recovery has been important, but we have not yet reached pre-pandemic levels." "The recovery has been strong, especially in the part that has to do with leisure," he added. Likewise, he has assured that "offices are not going to disappear, but they are going to change."
