Real estate in Spain: large investors plan to return to the market. Photo: Pexels
Real estate in Spain: the return of large investors to the market
According to a study by Savills, real estate in Spain will attract significant investments from abroad next year. The Spanish market is the third most important for European investors, along with the UK and the Netherlands.
70% of the study participants plan to invest in real estate in Spain in the next 12 months, which corresponds to the results in the British and Dutch markets. However, Germany and France attract the most attention from investors, with an investment probability close to 75%.
The survey was attended by investors with total assets under management in Europe worth more than 500 billion euros. Almost half of the respondents (48.15%) are confident that they will invest in real estate in Spain over the next year, and another 22.22% consider this likely.
The study also indicates that apartment buildings, warehouses in cities, offices in financial centers and student dormitories will be the most preferred segments for real estate investments in Spain next year.
According to the long-term strategy, 55% of respondents intend to focus on sectors where demand exceeds supply and rents are rising. Special attention will be paid to offices in the financial centers of the most liquid markets in Europe. This is due to the assumption that refinancing will play an important role in total income over the next two years, according to more than 76% of respondents.
Efficiency and sustainable development are becoming increasingly important in the preferences of large investors. Therefore, according to Savills, 90% of respondents include sustainability certificates such as BREEAM or LEED, as well as investments in energy efficiency and renewable energy sources in their real estate investment strategy. 97% of respondents have an ESG strategy, a quartet of them claim that they are already buying only assets that correspond to this strategy.
Total investments in real estate in Europe in the first nine months of this year amounted to more than 200 billion euros. It is projected that the volume of real estate investments will reach about 280 billion euros by the end of 2022.
