2 April 2018 – Expansión
Madrid is placed in third position in the ranking behind Paris and London.
Real estate investment in Europe reached a record figure of €259 billion in 2017, which represents an increase of 11% with respect to the previous year, according to a report compiled by BNP Paribas Real Estate, which has attributed this growth to the improvement in the global economy.
Madrid (-14%) was placed in third position in the ranking of real estate investment in Europe behind Paris (-18%) and London (+26%).
Almost half of the investment volume in 2017 involved “mega-deals” worth more than €100 million a piece.
The research also reveals that offices continue to be the most sought-after asset for European investors, given that they account for 43% of the total investment figure.
Moreover, the logistics sector grew by 56% last year, boosted by major corporate agreements, according to the report.
On the other hand, yields continued their downward trend to reach historical lows by the end of the year. Prime or exclusive yields in the office market in Madrid amounted to 3.25%.
Original story: Expansión
Translation: Carmel Drake