BNP Paribas estimates that in the first half of 2014 foreign investment in commercial real estate in Spain reached €2.5 billion, creating a record for financial injections since the crisis began. Another €0.8 billion were invested by Spaniards, writes ee24.com citing news.kyero.com.
Key roles were played by investors from developing countries - China, Latin America and the Persian Gulf. Retail properties remained the major direction of foreign money, including those from institutional investors. The share of stores is 38% of investments, whereas the share of hotels is 29%, and the share of offices is 27%.
Experts note that the confidence of institutional investors, i.e. those who invest in the interest and on behalf of banks, pension and insurance funds has increased. The share of private investors, both foreign and Spanish, has declined from 30% in 2013 to 18% in 2014.