Between April and June, investment in Catalonia kept a good pace with a total of 11 operations whose numbers are known, representing 412 million euro.
When compared to the activity registered up until March, the total investment is 6% higher, showing its good performance during this period. There is also an increase of the region’s share of all Iberian investment: from 8% during the 1st Quarter to 22% during 2st Quarter. But it should be noted that this increase was partially caused by the drop in investment in Madrid, which during this period only registered 422 million euro, a 50% decrease y-o-y.
Nevertheless, this amount is 55% less than the 910 million euro invested in Catalonia during the same period last year. In a detailed analysis of the deals concluded during both quarters, there is a clear difference in the amount of operations concluded with numbers close to or above 100 million euro. Whereas between April and June of the current year only 2 real estate projects (1 hotel and 1 office building) of this type were concluded for 200 million euro by DWS, during the same period last year, 6 deals above 100 million euro were concluded (within a total of 12): 45% of Naturgy HQ, Telefonica HQ, Torre Auditori, El Corte Inglès Francesc Maciá (av. Diagonal 471), Torre Tarragona and Condal Project.
The 37 million euro ticket per deal – 50% less y-o-y – also shows that more low priced operations were concluded during this second semester when compared to the same period last year.
This information is available at the Catalonia Report launched by Iberian Property, which can be downloaded HERE.
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Disclaimer: This information is based on public data gathered within the platform Iberian Property Data. All estimates were calculated based on registered public information and data from the main consultants within the market. It should be noted that the results presented here may be updated if new information is issued.