Survey Spain
Survey Spain
- 2012
- EuroProperty 20 February 2012, 17-21(5) .
The Spanish government has approved a bank reform prompting banks to dispose of their non-core assets and encouraging them to merge to survive losses. Banks however are not lending to property investors especially those focusing on competitors' assets. While office and retail investment suffers Spain's hotel sector keeps on attracting buyers. Decentralisation in Madrid and Barcelona has prime city centre office rents down. Vacancy rates have now stabilised and landlords are refurbishing aging stock.
Spain
The Spanish government has approved a bank reform prompting banks to dispose of their non-core assets and encouraging them to merge to survive losses. Banks however are not lending to property investors especially those focusing on competitors' assets. While office and retail investment suffers Spain's hotel sector keeps on attracting buyers. Decentralisation in Madrid and Barcelona has prime city centre office rents down. Vacancy rates have now stabilised and landlords are refurbishing aging stock.
Spain