27
January
2016


Share on networks

  • • Investment was up 43% from the previous year
  • • 85% of investment in Barcelona is from foreign capital

Real estate investment operations in Barcelona in 2015 beat all previous investment records and hit the 2-billion-euro mark, breaking the previous pre-crisis record from 2007, according to a study compiled by real estate consultancy Aguirre Newman published recently, which also points to this trend continuing throughout 2016.

The study points out that the investment figures are up 43% from the previous year and highlights that the most important was investment in offices (885 million euros), followed by hotels (€347.5M), housing (€196.6M), land (€185.9M), retail (€163.5M), industrial and logistics space (€89.6M) and shopping centers (€40M). There was also an additional 70 million euros in real estate investment that can’t be classified in any of the previous categories.

Therefore, investment in offices was 52% higher than the previous year. REITs and foreign investors were the main players in the real estate market, with 82% of all transactions. Investment in industrial and logistics space was up43% from the previous year. And investment in hotels was up 25% from 2014.

Furthermore, the Aguirre Newman study highlights that 85% of investment in Barcelona came from foreign capital – 55% through funds and investors and 30% from REITs. In 2015, these foreign investors also participated in the land and residential market. This fact marked a changing trend, unlike previous years when investors stuck to the office, hotel and logistics markets.

In short, real estate investment in Barcelona closed 2015 with a total volume of 1.977 billion euros, which is 43 million euros more than the previous year, according to the Aguirre Newman report. This is practically 20% of the 10.79 billion euros invested in Spain as a whole in the real estate sector over this period of time.

Share on networks

Related news

Bayer sets up an open innovation centre in the Barcelona metropolitan area.

The hydrogen ecosystem in Catalonia generates 426 million euros