Real Estate Investment, Market Data - Figures Fourth Quarter 2024 Spain

Real estate investment in Spain has reached a volume of close to 14,000 million euros in 2024, exceeding the barrier of 12,000 million euros, the average of the last 5 years. This represents an increase of 20% compared to the previous year, very much in line with the European investment market that replicated the same rise. The fourth quarter was the most active, accounting for 36% of total investment for the year, with almost 5,000 million euros. Spain was positioned as one of the preferred investment destinations for investors, according to CBRE's European Investor Survey, which supports forecasts of an increase in investment of up to 15% in 2025.

In terms of prime yields, 2024 saw most asset types enter a phase of stability after hitting highs. Throughout 2025, some downward corrections are expected to materialize in the vast majority of products, as has already been observed at the end of 2024 in some sectors: PBSA, Hotels, Industrial or Retail HS.

Living and hotels, the leading sectors of real estate investment in Spain

The Living and Hotels sectors were the main focuses of investment in 2024, with 54% of the total transacted. Living led the investment, exceeding 4,000 million euros and registering an increase in activity of more than 40%. For its part, the hotel sector was in second place, with a slight decrease in investment compared to the previous year, due to the greater presence of transactions of individual assets and average size. While the Retail segment in third place, was the sector with the highest year-on-year growth (+121%) thanks to several relevant portfolio rotations.