EY: Spain Is 9th Most Attractive Country For RE Inv’t

19 July 2016 – El Economista

Spain is the ninth most attractive country in the world for investors planning to make acquisitions over the next few months in the real estate and construction sectors, according to the “Real Estate, Hospitality & Construction Capital Confidence Barometer”, compiled by EY.

Spain has risen by seven places in the ranking and is now in the top 10 most interesting countries for investors, surpassed only, in order of most to least attractive, by USA, UK, India, China, Canada, UAE, Germany and Sweden.

The consultancy firm highlighted the strong performance of Spain in the ranking despite the uncertainties lurking around the globe at the moment, which have reduced optimism about the performance of the world economy as well as confidence in the capital markets.

In addition, EY notes that with this development, Spain has left behind countries such as France, Italy, Cyprus, Egypt, Saudi Arabia, Indonesia, Argentina and Australia.

International investment lethargy

Meanwhile, the study revealed that the economic uncertainty at the global level is reflected by the fact that the percentage of executives who expect to make an acquisition over the coming year has decreased by more than 10 points to 37%.

In addition, 48% of the executives surveyed admitted that they have at least three operations on their radars, compared with 57% who said the same six months ago.

In parallel, the proportion of executives that expect a decrease in asset prices over the next twelve months has increased from 4% to 29% in the last six months. Currently, only 19% of executives forecast an increase.

Original story: El Economista

Translation: Carmel Drake