As the CoreNet Global Summit in Madrid is about to start, there is great news for the real estate market in Spain, according to an article in Property Magazine International.
“Spain’s positive economic development is providing the local real estate market with ongoing tailwind. A recent study carried out by Deutsche Hypo comes to the conclusion that the markets for office, retail, hotel and logistics real estate are on a growth trajectory and that they will also be maintaining this growth.
“Spain’s appeal, especially in the major cities of Madrid and Barcelona, is being reflected in high demand for prime commercial real estate.”
“The supply of commercial real estate is becoming increasingly scarce, which is leading toan increase in peak rents. I expect a further increase in takeup,“ explains Sabine Barthauer, Member of the Board of Managing Directors of Deutsche Hypo.
“Madrid and Barcelona are and will remain Spain’s top locations in all asset classes.“
For more information on what we will cover during the CoreNet Global Summit in Madrid visit the event site.