Record Corporate Property Sales were Registered in Spain Before Covid

9 June 2020 – Brainsre.news

2019 was a record year in terms of corporate property sales in Europe, with a 33% increase to reach €23.1 billion. Spain established itself as the fourth most active country on the continent.

Real estate sales in Europe registered a record figure last year, reaching 23.1 billion euros, according to data from the consultancy JLL.

This volume was 33% higher than in 2018, a growing trend that the experts at the consulting firm expect will continue in 2020, due to the need that some companies will have for liquidity following the Covid-19 crisis.

In the case of Spain, companies completed 37 sales operations involving real estate assets worth €1.5 billion during 2019. Those figures represented an increase of 10% in terms of transacted volume and 48% in terms of the number of transactions, since, although the number of corporate sales increased, they were smaller deals than in 2018. This figure consolidates Spain’s position as the fourth largest market in Europe, after the United Kingdom, Germany and France.

Original Story: Brainsre.news

Translation/Summary: Carmel Drake

33