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Friday, 5 February 2021

Spain: Real estate sector expected to increase by 15% in 2021


According to a research released by Jones Lang Lasalle, a British real estate consultancy, investment in the Spanish real estate sector is expected to increase by 15% to approximately 9 billion euros ($10.8 billion) in 2021. 


As reported by Xinhua, as Spain recovers from the impact of the coronavirus pandemic, investment in all sectors will increase in 2021, except for retail, which may reduce investment by 33% year-on-year.


Sergio Fernandes, director of Jones Lang LaSalle, said that as far as investment is concerned, businessmen are not widely worried about the government’s policies in the face of the pandemic, but rather the uncertainty caused by this situation. 


Jones Lang LaSalle expects that the Spanish economy will enter a positive trend in the second half of 2021, and the real estate industry will begin to notice this result three or four months later, at the end of the year or early 2022.


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