Spain captured a total of $2.210 billion (€2.060 billion) in real estate investment in the second half of 2023, placing it among Europe's top four countries to invest in real estate and the world's top 10.
As revealed in Colliers' 'Global Capital Flows' report for the second half of 2023, Spain ranks eighth place in the world, while the United Kingdom is in first place, Germany is fourth and France is tenth.
Together, these four countries raised a total of $16.696 billion (€15.560 billion) in the second half of 2023, representing 41% of the total capital worldwide, the study highlights.
Head of Global Capital Markets Research and EMEA at Colliers, Damian Harrington, said investment activity in 2023 was "heavily influenced" by persistent inflation and rising interest rates, with "significant challenges" in major European economies such as Germany, Italy, Sweden and the UK, while Spain and Poland were "exceptions".
"Fortunately, by the end of 2023, central banks were able to make significant progress in containing inflation, which created a widespread sense that interest rates had peaked," Harrington emphasised.
Meanwhile, the director of Capital Markets at Colliers Spain, Alberto Diaz, said that, with the prospect of lower interest rates in the second half of 2024, "a greater upturn in activity" is expected from the middle of the year.
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