Spain in Top Global Real Estate Markets of 2023

Spain attracted 2.06 billion euros in real estate investments in the second half of 2023, ranking it among the top four European countries and eighth in the world in this sector.

According to the "Global Capital Flows" report by Colliers for the second half of 2023, Spain holds the eighth position globally, while the United Kingdom is in first place, Germany in fourth, and France in tenth.

Together, these four countries garnered investments totaling 16.696 billion euros in the second half of 2023, which represents 41% of the global capital, the study emphasizes.

Damian Harrington, Head of Global Capital Markets Research and EMEA at Colliers, stated that investment activity in 2023 was "heavily influenced" by persistent inflation and rising interest rates, with "significant challenges" in major European economies such as Germany, Italy, Sweden, and the UK, while Spain and Poland were "exceptions".

"Fortunately, by the end of 2023, central banks had made significant progress in containing inflation, which created a general sense that interest rates had peaked," Harrington emphasized.

Meanwhile, Alberto Diaz, the director of Capital Markets at Colliers Spain, mentioned that, with the prospect of lower interest rates in the second half of 2024, "a greater upturn in activity" is expected from the middle of the year.