Spain – Ninth Most Attractive Country for Real Estate Investment
Posted on July 25, 2016 in Property
According to the ‘Real Estate, Hospitality & Construction Capital Confidence Barometer’ published recently by Ernst & Young, Spain is the ninth country in the world considered most attractive to investors looking to make any acquisition in the coming months within the real estate and construction sectors.
Spain climbed seven places to stand among the top ten countries of greatest interest to investors, behind only the United States, the United Kingdom, India, China, Canada, the United Arab Emirates, Germany and Sweden.
The Barometer highlights Spain’s favourable evolution in the rankings despite the current uncertainties which exist on an international scale, affecting optimism over the world economy and confidence in the capital markets.
Moreover, El Mundo reported that, with this rise in the rankings, Spain has overtaken such countries as France, Italy, Cyprus, Egypt, Saudi Arabia, Indonesia, Argentina and Australia.
In contrast, the study also indicated that global economic uncertainty was reflected in the percentage of investors planning to make an acquisition in the next year, which fell from 50% last year, to 37%.
In addition, some 48% of the companies surveyed said they had three or more deals in the pipeline, compared with 57% six months ago. However, at the same time, 29% of the respondents believe that the price of assets will fall over the next 12 months, compared with 4% six months ago, and only 19% expect prices to increase, down from 40% last year.