Investment activity has been extremely dynamic in recent months despite the uncertainties of the international context.
The data speak for themselves. With figures of BNP Paribas Real Estate8.2 billion was invested in the real estate market in the first half of the year, which points to a historical investment volume of 4.58 billion in the second quarter alone.
Investment activity has been extremely dynamic in recent months despite the uncertainties of the international context. In addition to the war in Ukraine, inflation and the rise in interest rates, the real estate market is maintaining its momentum not only due to the quantity but also to the current diversity of opportunities. It should be remembered that in 2021 real estate investment in Spain already grew by more than 30%.
The retail sector accounted for 55% of total investment between April and June, where supermarkets and hypermarkets were the main focus. In terms of typologies, the focus is once again on high street stores, which account for 50% of retail investment, and shopping centres, which are once again the focus of investors.
The living sector is also experiencing a good momentum, with the residential sector -private rented sector and build to rent- leading the way. It accounted for 16% of investments in the second quarter, mainly thanks to the increase in demand. In the first six months of 2022, total residential investment reached 1.71 billion euros, 92% more than a year ago. The recovery of the tourism sector has also been reflected in hotel investment, which grew by 125% YoY in the first half of the year. As indicated by BNP, investments have been mainly distributed between Madrid, Mallorca, Catalonia and Andalusia.
Internationally, it is the Germans, with 18% of the total, who have invested the most capital in the Spanish real estate market - the living sector is their preferred investment asset - followed by the French and Americans, who together have 30% of the market share in the first half of the year.
The CEO of DEXTERYeidy Ramirez points out that "From financial management and intermediation, we have not only been pointing out that the dynamism of real estate in 2022 is incredible, but also that the developers themselves who are turning to private capital and alternative financing to move their projects forward are doing so at a spectacular rate; we are very positively impressed"..
