CBRE states that Spanish property market has bottomed out
28/09/2018
CBRE believes that the Spanish real estate market has "bottomed out" and will close 2013 with an investment of around 4,000 million euros, recovering the volume of 2004, in "pre-crisis" times, as reported by the director and CEO of CBRE Spain, Alfonso Galobart.
"The arrival of large investors such as Goldman Sachs and Blackstone willing to buy large portfolios proves that the property market in Spain has bottomed out and that it is the time to invest. Spain as a country has no longer risks that it had five years ago and that makes it much more attractive, "said Galobart. According to CBRE, the "strong impulse and growth of tourism in Spain in 2013" has favored the revival of real estate sector linked to tourism, which "will be a reference for 2014", especially in coastal areas and in the islands.
