Around 5.94 billion euro were invested in Portugal and Spain during the first half of the year alone. And, despite the lockdowns imposed by the pandemic, this number is actually 5% higher yoy.
The good start of the year may explain this result. The 98 operations concluded during the first quarter represented almost 4.4 billion euro and 74% of all investment in Iberia during the first semester. Several operations closed at the beginning of the year had been under negotiations since the end of 2019, which ended with one of the best quarterly results, in terms of real estate investment, ever – 4.8 billion euro
As was to be expected, the confinement imposed by the two countries halted investment during the second quarter. The latest data from Iberian Property shows exactly that: 40 deals were closed which attracted 1.5 billion euro during this period. This number is 50% less y-o-y.
When compared to the numbers reached during the second half of 2019, there is a 24% drop in terms of investment, a number which is not surprising taking into account that, usually, most investment is carried out during the second half of the year and that this semester, in particular, was one the best ever registered in Iberia.
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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. The results presented here may be updated if new information is issued.