Real Estate Market Outlook España 2024

Real Estate Keys

• Following the trend of the last quarter of the previous year, 2024 will experience a slight growth in investment volumes.
• After a year in which large-scale leasing transactions have been scarce, expectations for new office space are optimistic.
• We expect absorption in the logistics sector to remain at historical average levels in Madrid and Barcelona.
• In the Retail sector, retail sales are expected to grow above the Eurozone average, although more moderately than in previous years.
• Investment forecasts for the Living sector are favorable, with BTR playing a leading role, boosted by the affordable product.
• In the hotel sector, the level of bookings and overnight stays will continue to grow, but at a slower pace, and we will see a contained increase in ADR and REVPar.
• Investors will continue to incorporate ESG considerations in all phases of the real estate lifecycle.