Survey Spain
Survey Spain
- 2010
- EuroProperty 15 February 2010, 21-25(5) .
Real estate investment volumes have not emerged from three years of economic slowdown with a dearth of prime office and income-producing retail assets available and scarcity of bank funding. Banks are cashing in their big property portfolios with sale-and-leaseback deals. The markets are not yet impressed with the new approved Spanish real estate investment trusts. Office rents are expected to stabilise in 2010 in Madrid and Barcelona but office tenants in these cities are currently moving from central business districts to more peripheral areas to exploit the falling rents.
Spain
Real estate investment volumes have not emerged from three years of economic slowdown with a dearth of prime office and income-producing retail assets available and scarcity of bank funding. Banks are cashing in their big property portfolios with sale-and-leaseback deals. The markets are not yet impressed with the new approved Spanish real estate investment trusts. Office rents are expected to stabilise in 2010 in Madrid and Barcelona but office tenants in these cities are currently moving from central business districts to more peripheral areas to exploit the falling rents.
Spain