Investments in real estate in Spain will grow significantly in 2021!

According to the reports of the company Deloitte, which is a real estate investment specialist, the situation with real estate in Spain may completely change by the end of this year.
Thanks to the total vaccinating, which is being carried out more and more, as well as the safety measures applied in the fight against the pandemic and the acquired immunity, the restoration of the real estate market, will be possible soon.

Over the past 2020, real estate investment has decreased by as much as 52%. During this period, the hotel sector suffered the most, with a decrease of 62%. Next on this list is commercial real estate, with a 49% decline. In retail sales, a 23% loss.

Many types of investors reduced their capital and chose to abandon deals. The activity of institutional investors decreased by 79%. The fall in private investment was 38%, while the number of cross-border investments fell by 43%.

There is a definite shift in the residential real estate sector. For the first month of this year, prices on the secondary real estate market increased by 1.6%. At the moment, the price is for 1 sq. meter is 1 786 euros.
Prices for private houses increased by 3.2%, while apartments increased by only 0.7%.