Is Spanish Real Estate Becoming Hot Again?
Spanish real estate is hot property once again.
Investment in malls, warehouses, hotels and offices is this year set to reach the highest since 2007, just before the bursting of a decade-long property bubble tipped the economy into the worst slump in the nation’s democratic history.
Banks are clearing the way for the turnaround, beating their euro-zone peers in ridding their balance sheets of foreclosed assets and luring foreign buyers to heavily discounted properties. And with Spain’s economy now outpacing the rest of the continent, 2018 is set to be as strong for commercial real estate investment as 2017, according to Savills Plc.