Real Estate Investment, market data - Figures first quarter 2024 Spain

The volume of real estate investment in Spain in the first quarter of the year stood at over 2,100 million euros. Almost half of the investment comes from domestic capital, with 49%, followed by South African capital (14%) and UK capital (13%). In terms of investor profiles, private investors and family offices, which are less dependent on financing, continue to be the most active, accounting for 19% of the total in the first quarter of the year.

The investment figure recorded in the first quarter is below the almost 2,900 million in the same period of the previous year, however, the second and third quarters of 2023 were more contained with volumes similar to those observed in this first quarter of the year. Despite the fact that at the European level the fall recorded has been smaller (-7% vs 1Q23), some outstanding countries such as Germany (-21% vs. 1Q23) or France (-52% vs 1Q23) have experienced declines similar to and even greater than the fall observed in Spain. At the international level, and despite the macro context, Spain stands out in the ranking of the ten most attractive European countries for investors in 2024, remaining in fourth place and only behind the United Kingdom, Germany and Poland, according to CBRE's European Investor Intentions Survey 2024. In addition, it is the only country that has two cities in this ranking, demonstrating the good forecasts of the Spanish real estate sector: Madrid climbs to third place while Barcelona occupies seventh place in the top 10 preferred European cities to invest.

Living & Hotels Leaders in Attracting Investment

In the first quarter of the year, the Retail sector led real estate investment in Spain, representing 36% of the total, almost 760 million euros and tripling the volume invested in the same period of the previous year. The hotel sector, on the other hand, remained the second option, with 27% and almost 580 million euros, improving by 12% compared to the first quarter of 2023.