According to the forecasts of the Association of Consulting Companies (ACI), as of the end of 2015 the total amount of investment in real estate in Spain amount to about 13 billion euros, 7% more than in 2014. In 2016 it is expected to remain similar positive trends.
The housing sector has suffered from the crisis stronger than others, it is already showing signs of recovery: in some regions of the country prices in this segment begin to grow. In particular, the end of the year the cost of housing in Madrid will grow by about 3%. However, the situation is developing unevenly, depending on the region. "We'll have to get used to the fact that in some areas of Spain housing price will rise, while in the interior it zones or on the coast of certain residential developments will not be able to sell ever" - says Ricardo Marti-Flux, Chairman of ACI. Difficulties in selling distressed assets have forced both banks and individuals to reduce the price by 60-70% compared with the heyday.
Factors such as the increase in the level of consumer confidence and the resumption of mortgage lending at a more reasonable approach to the issue of the banks, have opened up new opportunities for investment in Spanish real estate. Along with the small customers the market there are the traditional foreign customers from Central Europe and the UK who purchase a summer property by the sea. They were joined by investors from Latin Amerkii and Arab countries, which are more interested in real estate in major cities of Spain.
Rent office space has become one of the major segments contributing to the restoration of active real estate sector this year. For example, in Madrid for the first time since 2008, it was shot more than 111 500 square meters of offices, as in Barcelona, the figure was 315,000 meters. The lack of quality product in this area has led to increased demand for premium-class facilities, the cost of renting them in 2015 - 2019 years will grow by more than 6.5%.
Regarding the retail sector, the growth in consumption in the retail sector began in 2013, intensified in 2014 and was fixed in 2015. This type of property is of interest is equally at all the major players in the market, whether it be investment companies Socimi, funds or family offices. "It is expected that in 2015-2016, area available for rent will increase by 630 000 square meters", - said the head of the ACI.
Positive investment projections also apply to industrial and logistic areas, which will develop rapidly in 2016 and 2017. However, in the last several years there is a lack of quality of the product and the obsolescence of existing.
Activities hospitality sector will continue to be concentrated in Madrid and Barcelona. The Catalan capital has been a leader in the tourism sector, thanks largely to cruise passengers, but political uncertainty and accompanying the moratorium imposed by the new City Hall, has a negative impact. At the same time in Madrid actively developed six projects a class "lux", including the Four Seasons Hotel in the complex of Canalejas and Wanda Madrid Skyscraper in Edificio España.
