Real Estate investment up 40% so far this year

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The figure recorded in the first nine months of the year represents 91% of the total investment in 2016.

Real Estate investment, which includes the residential, office, commercial, logistic and hotel segments, amounted to some € 8.7 billion in the first nine months of the year, up 40% on the same period in 2016, according to data from the consultant JLL.

The figure recorded between January and September already represents 91% of all the investment accounted for last year, which stood at 9.564 million.

JLL’s director Capital Markets, Borja Ortega, explained that the real estate market “is going through an excellent moment” and it is expected that all business segments will improve their investment volume compared to 2016 and reach historical figures at the end of the year.

By segments, the retail segment is the one with the largest volume of investment in these nine months, 3.267 million, 28% more than in the same period of 2016. 

JLL expects this segment to close the year with about 4 billion investment, a historical fact.

In the hotel market, investment in the first nine months of the year amounted to 1.9 billion, 85% of the total volume of 2016.

They highlight the purchase by Portobello Capital of a group of hotels for 40 million or the sale of the Vincci Selección Posada del Patio, in Malaga, to Internos Global Investors. 

In offices, the investment adds up to close to one billion in Madrid and over 700 million in Barcelona.

In the residential segment, the investment surpassed 1.180 million at the end of the third quarter, 118% more than in the first nine months of 2016 and above last year’s total figure (802 million).

In the logistics sector, accumulated investment amounts to 578 million and is expected to close the year around 1 billion, 20% more than in 2016. 

**This is a translation from the original article in Spanish http://bit.ly/2z1DvBG **

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