Both rents and price per sqm were expected to both exceed 2007’s famous last peak before mid-2020 in Barcelona. Spain looks to be solid for now with one of the highest GDP growth rates in Europe (tourism, local take-up in Q2 19 / Offices…). However such a growth pace in rents (prime rents to grow by 12% per year) is not sustainable over the next three years, in our view.
30 Jul 2019
Let the Spanish magi operate
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Let the Spanish magi operate
Inmobiliaria Colonial SOCIMI SA (0RID:LON) | 0 0 0.0%
- Published:
30 Jul 2019 -
Author:
Christian Auzanneau -
Pages:
4
Both rents and price per sqm were expected to both exceed 2007’s famous last peak before mid-2020 in Barcelona. Spain looks to be solid for now with one of the highest GDP growth rates in Europe (tourism, local take-up in Q2 19 / Offices…). However such a growth pace in rents (prime rents to grow by 12% per year) is not sustainable over the next three years, in our view.