January 15th, 2016
Real estate investment in Spain reached record levels in 2015, according to data from BNP Paribas Real Estate, with transactions amounting to a total of 11,700 million euros, which not only represents an increase of 67% over the figure for 2014, but also exceeds by 25% the figures recorded in the years before the outbreak of the crisis, i.e. during the boom of the sector.
BNP indicated that after a record year, “it is more than likely that the volume of investment will change its growth trend to stabilize at around 8,500 million euros (it was 9,000 million euros in 2007)”, due to “the scarcity of suitable investment opportunities and a foreseeable rise in the cost of money”.
The number of transactions registered also supports the recovery of the real estate sector, reaching a record 271 transactions last year – the highest recorded in the comparable series – compared with 169 transactions registered in 2014.
Source: BNP Paribas Real Estate