Investors in real estate in Spain fell 86% from April to June

by   CIJ News iDesk VII
2020-06-24   15:52

During Q2 2020, the volume of real estate transactions in Spain fell 86 percent y-o-y to €200m. This figure includes the sale of offices, logistics assets, retail properties and hotels. Large institutional investors will continue to be interested in offices, while there will be less interest in shopping centers, according to JLL. In the second quarter, Spain's office sector made up 75 percent of the investment (€150m), followed by logistics with another €50m. The retail and hotel sectors, however, completely shut down, reflecting the chaos caused by the lockdown.