Spain took the sixth place among the world's largest real estate investment market. These are the findings of the consulting company CBRE. She is ahead, including countries such as France, Canada and China. This increase is due mainly to the arrival of foreign capital, which accounted for 31% of the total volume of investments in real estate assets in the first six months of the year. By the end of the first half of the total amount of 8.5 billion euros, and by September it reached 10.8 billion. At the global level in the first half of the year, this figure amounted to 407 billion euros. US, UK and Germany is still in the lead by a wide margin - they accounted for 74% of investments.
Over the past 2 years has increased significantly the weight of international investment: the market EMEA countries their quota is about 50%. In the first half of the Spanish capital turned out to be involved in transactions worth a total of 1.39 billion euros, a figure that exceeded the results of Norway and Japan. In these regions the market share office space decreased from 53% in 2007 to 38% this year. The situation is similar in the hotel sector, where investment fell from 9% to 4%. However, these assets continue to attract the owners of the largest states and investors from the Middle East. They prefer the safety of European destinations, including Spain. The size of investments in alternative real estate, for example, student residences, or facilities related to the health sector, 24% of the total investment in non-residential property at the global level.
As for prices, the decline in profitability caused considerable concern among potential investors, and especially with respect to assets premium. In some markets the world it has reached its historical lowest level.
However, the situation is not the same: the difference between the yield premium offices and government bonds for 10 years is about 1-3%, and in the case of Madrid, it is approaching the top mark of the range.
In 2016 CBRE experts predict a greater willingness to take risks on the part of investors. According to them, at the end of the current year the volume of investments in real estate of the country is 13 billion euros.
