Property Investment In Spain Grows 9% In 2017 To €9.2 Bn And In Europe 7% To €234 Bn

The Corner – 02.04.2018

The volume of property investment in Spain rose 9% to 9.2 billion euros in 2017 from a year earlier. This represents a two percentage points increase on the growth registered in Europe as a whole over the same year, according to Savills Aguirre Newman. Cross-border investment in Spain accounted for 65% of the total, compared with 56% in 2016, after recording a rise of 21% in one year to 6 billion euros.

Of this total, 47% originated in the rest of Europe, followed by 41% in the US, where investment rose 31%. Business from Asia and the Pacific multiplied by nearly 10 times, while that from the Middle East quadrupled.

A 7% increase in Europe

In Europe as a whole property investment rose 7% to 234 billion euros in 2017 from a year ago. Cross-border investment accounted for 50% of the business, compared with 44% in 2016.

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