Madrid tops real estate investment in 2015

Madrid housing investment 698 x 400 black and white

Over 40% of real estate investment, totalling €5.2 Billion, was poured into Madrid last year.

The region of Madrid, including the Spanish capital, saw an annual increase of 19% in property investment in 2015 according to real estate consultancy firm Irea.

 

MADRID LEADS THE WAY IN SPAIN’S PROPERTY MARKET

The Catalan region received investment of over €1.4 Billion in the same period, a step below the Madrid region. This figure decreased in the Catalan region when compared to an investment of €1.6 Billion the year before.

The fastest growing property hotspots were the Spanish islands, with a total investment of €1.1 Billion in 2015, trebling investment figures from the previous year.

108 large property deals were closed in Madrid, with an average ticket of €48 Million. In comparison, 68 deals were completed in the Catalan region, averaging values of €21 Million per operation.  And Spain is expected to continue it´s trend at high favourite in the property investment market.

 

HOTEL PROPERTY MARKET FACTS

Total investment in the hotel property sector reached € 2.6 Billion in 2015. Investment in hotels in the Madrid region represented 24% of total, whereas investment in hotels in Barcelona only reached 15% last year.

Investment in hotel properties in Madrid is expected to grow in 2016, whilst hotel investment activities in the Catalan region may stay flat this year due to the following factors:

  • Legal constraints to the development of new hotel resorts
  • Political instability

 

COMMERCIAL PROPERTY MARKET FACTS

The city of Madrid also led this sector receiving 47% of investment in commercial properties in 2015, followed by Barcelona with 11% of total investment.

The hottest commercial property spot was Gran Vía in Madrid, which attracted investment representing 52% of deals with a value of €483 Million.

 

If you wish to receive more information on investment and legal services in Spain, please contact corporate law firm Argali Abogados.

 

Comments are closed.