IGNACIO MARTÍNEZ-AVIAL - BNP PARIBAS REAL ESTATE | SPANISH REAL ESTATE INVESTMENT VEHICLES & FINANCING
Spain continues to outperform. After 2.8% GDP growth in 2025, expectations for 2026 remain robust at around 2.3%, well above the eurozone average. Investment volumes reached €15.3 billion last year (excluding corporate deals), with 58% allocated to living. Even stripping out residential, Spain recorded growth of 40%, sharply contrasting with Europe’s 9%.
