€1.85 billion have been invested in commercial real estate in Madrid in the last 12 months, exceeding more than twofold the previous figure, reports ee24.com citing the BNP Paribas Real Estate.
This 126% growth makes the Spanish capital to be a frontrunner. Such interest may be explained by attractive prices in real estate market that is now stabilizing after crashing down. The speculative component is strong: prices will surely go up soon and the assets may be resold with profit.
As for other European cities, the bigger sums investors have parked in commercial property in London (€27 billion, 46%) and Paris (€12.5 billion, + 25%). Positive dynamics is observed in Brussels (€928 million, +42%) and Munich (€3.767 billion, + 34%). In total €62.6 billion were invested in nine most attractive cities (with 4 of them being German) from July 2013 till June 2014 and the growth was about 28%.