23 June 2020 – Brainsre.news
Investment in offices, logistics assets, retail properties and hotels plummeted by 86% to 200 million euros in the second quarter of the year.
During the second quarter of the year, operations worth just €200 million were closed in the Spanish real estate sector. That figure represents a decrease in investment of 86% compared to the same period in 2019, according to a study by JLL.
The decline leaves the sector’s performance for the first half of the year in negative territory, given that, with one week to go, the semester is set to end with a reduction in investment of 15% and a total investment volume of 2.5 billion euros, according to El Confidencial. Those figures could have been worse since they do include the sales of Intu Asturias and Puerto Venecia, which were initiated in 2019 but completed at the start of this year, with a combined volume of €800 million.
Real the full article in Spanish.
Original Story: Brainsre.news
Translation/Summary: Carmel Drake