Investment reaches near-record levels

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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.

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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.

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