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Property investment soars to €10.2bn in Spain, the highest since 2007
Tuesday, February 24, 2015 @ 10:23 AM

PROPERTY investment in Spain reached a record high last year, totalling €10.2 billion - a figure that has only ever been beaten in 2007 when home prices were at their most inflated and before the end of the housing boom.

This puts Spain second from top for investment in bricks and mortar in Europe, just behind Sweden.

Marketing consultancy firm CBRE says this historic sum was mostly made up of property purchases in the last three months of 2014, which came to nearly €3.4bn - a rise of 50% on the same period in 2013.

The upward trend in property investment has been seen across Europe, with purchases going up by 32% to €218bn, reaching €78bn in the last quarter of 2014 alone - the highest amount seen in a three-month period since 2006.

But, Sweden aside, Spain still holds the trump card - whilst it only ranked sixth in Europe for investment levels in the final quarter of last year, also beaten by The Netherlands, the Mediterranean country still managed to be streets ahead of large European economies such as Norway, Denmark and Italy.

Read more at thinkSPAIN.com

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3 Comments

tonydean said:
Saturday, February 28, 2015 @ 8:40 AM

If sales are at an.all time high when will prices increase and people stop giving away their homes at ludicrously low prices? The UK media should be made aware of this and stop talking down values.
It's also about time agents stopped charging such high commissions. 1-2% is a fair rate. Anything higher only adds to the price and with the 10% add on costs makes the sample price too high.

HAWKINGS111 said:
Saturday, February 28, 2015 @ 10:33 AM

I see your point Tony but although house prices are going up they are very slow because there are still a lot of empty ones unsold. Overall they are still very cheap which is why people from other countries are buying them especially now a lot of those countries recessions have now passed or nearly. There are still some distressed sales with some people giving their homes away but not as many.

When we came out here in early 2008 and bought we offered a price 40% below what they were asking and they accepted but I don't think we could get away with that now. Things are definitely looking up.

graeme13 said:
Saturday, February 28, 2015 @ 10:54 AM

Hi Tony,

giving away their homes at ludicrously low prices?

makes the sample price too high.

Your article suggests 2 different things....buyers have never had it so easy with prices.....and what with exchange rate in last 3 months....even better...

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