"Madrid and Barcelona continue to lead in real estate investment".
The figures for the end of the first quarter in real estate investment leave different readings. In terms of volume of transactions, only five were registered for more than 150 million euros, with residential housing accounting for 42% of total investment, with more than 1,219 million euros in transactions, out of a total of 2,876 million euros.
The figures come from the real estate consultancy and services company CBRE, which points to an investment volume in line with the average of the last four years. Madrid and Barcelona continue to lead real estate investment, together accounting for 60% of the total volume, exceeding the weight they had in the same period of 2022, which was 52%.
Another revealing fact is that family offices and private investors accounted for 17% of the total volume transacted, well above the 5% they accounted for in 2022 as a whole.
By nationality, on the other hand, Spanish investors were in the lead, with 30% of the total volume of investment, followed by the US (23%) and France (13%). In this regard, the Risk Analysis Department at DEXTERJosé Enrique Chasserot, the head of the company, indicates that "It has become a trend that every day more and more foreign entrepreneurs are investing in bricks and mortar, and that they are resorting to private equity financing, which is so widespread in key European countries such as Germany. In addition, when we do the commercial due diligence of the operations, it is a very positive factor when there is a large percentage of foreign buyers in many of the developments for which we are providing financing. This gives them an enormous commercial strength that clearly facilitates their viability".concludes Chasserot
