Overall property investment in Spain rose significantly last year, new figures show.
According to Savills Aguirre Newman data, the volume of property investment in Spain rose 9 percent to 9.2 billion euros in 2017 from a year earlier.
Cross-border investment in Spain accounted for 65 percent of the total, compared with 56 percent in 2016. Of this total, 47 percent originated from other European countries, followed by 41 per cent in the US.
In Europe as a whole, property investment rose 7 percent to 234 billion euros in 2017 from a year ago. Cross-border investment accounted for 50 percent of the business, compared with 44 percent in 2016.
According to Marcus Lemil, head of European Investment for Savills, foreign capital will continue to seek out top-value assets. So it’s expected that more Asian investors coming from London will compete for assets in continental Europe over the coming months.
Article published 4th April 2018