Real Estate Market Outlook Spain
Find out
main conclusions
Economy
Investment
Offices
Retail
Logistics
Living
Hotels
Data Centers
The Spanish economy is expected to consolidate its recovery in 2022
Economy
GDP expected to grow 5.4% year-on-year
5,4%
We expect 2022 to reach €13,000M of real estate investment
13.000M€
2022 will be another upbeat year for the investment market and could see figures top pre-pandemic levels
Investment
Our forecasts for rising take-up levels are underpinned by favourable employment figures
UP
Hybrid working models will be the way forward for a large number of companies, particularly major firms
Offices
Private consumption to grow by 5.8% and retail sales by 7.8% in 2022
Recovery
Expecting both sales and footfall to regain levels not seen since 2019
Retail
in 2022 of available space
+1,6M m2
Demand for logistics space will remain strong, driven primarily by fashion, supermarkets and
e-commerce
Logistics
Vigorous return to form following the effects of the pandemic, both in terms of traditional home buyers and investors, with the outlook for 2022 looking very bright.
Living
Approximately 130 hotels are expected to open in Spain by 2024
130
Hotels
Installed IT electricity capacity will double by 2022
x2
The great potential of this segment is evident
Data Centers
Return to form looks set to take firmer hold in 2022, already started in mid-2021 and led by domestic leisure demand
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2022
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2.959M€ transactions
22% of total investment in Spain in 2021.
13% more than in 2020