WHILE not quite reaching the highs of 2007 – when Spain’s real estate market was at the height of its golden era – 2014 was nevertheless an exceptional year in terms of real estate investment.
According to a report by property consultants CBRE, a total of €10.2 billion was invested in Spanish real estate last year, surpassed in Europe in terms of volume only by Sweden. Seven years after the boom, Spain has registered a near-record in terms of money invested.
A particularly successful fourth quarter was largely responsible for the good results, as between September and December, real estate investment reached nearly €3.4 billion, 50 per cent more than in the same period in 2013.
The figures for Spain echo what is happening throughout Europe, where investment in property has increased by 32 per cent compared with the previous year.