Archive for March, 2011

Over nine percent of European property investors favour the Spanish market for 2011

Wednesday, March 9th, 2011

i-comparables.com | reports from MIPIM, Cannes.

“Despite the country’s economic difficulties, Spain’s investment appeal has grown slightly in the past year, with 9% of investors favouring the market in 2011″.- CB Richard Ellis (MIPIM, Cannes, 9 March 2011).

The findings of a survey by CB Richard Ellis, released at MIPIM, reveals that investors have shown a clear strategic shift in their investment preferences in Europe in favour of Germany and Central and Eastern Europe (CEE) as the most attractive markets in which to purchase real estate in 2011.

Germany leapfrogged the United Kingdom and France to become the number one target destination for investment opportunities in Europe in 2011, continuing a trend which began in 2010 when Germany was one of the fastest growing investment markets in Europe. This reflects the influence of the strong economic performance in Germany as the driver of real estate investment opportunities.

According to the survey the UK led the European market recovery in both transaction volumes and property values from the low point in 2009, but revealed that investor attention is starting to turn elsewhere, possibly as a result of the degree of capital value growth that has already been realised in the UK’s prime markets.

France, as the fourth most attractive market in Europe for 2011, also showed a substantial fall in its relative attractiveness compared to last year, with 10% of investors naming it as their key destination.

Despite the country’s economic difficulties, Spain’s investment appeal has grown slightly in the past year, with 9% of investors favouring the market in 2011, primarily underpinned by core investors seeing an opportunity to buy into this market at historically attractive yields.

For reliable information on the Spanish commercial real estate market contact | i-comparables.com