GTrends
GTrends
Trends in the real estate market in the first quarter of 2019
Num. 1 - March 2019
Highlights of the quarter: January - March 2021
Gloval launches its real estate market Trends Report for the first quarter of 2020, with relevant information on the macroeconomic environment and the different segments of the real estate sector, such as residential, logistics/industrial, office, retail and hotel. Download the full report here:
Macroeconomic environment
Spanish GDP posted a year-on-year rate of 2.4% in 4Q18, closing the year with an annual increase of 2.5%.
Residential segment
In 3Q18, housing prices decelerated from the previous quarter, although they remained robust.
Logistics/Industrial segment
The lack of available land for new logistics developments in PRIME zones in Madrid and Barcelona is accentuated, and new locations are needed in areas further away from the main corridors.
Office segment
Capitalization rates in PRIME zones in Madrid and Barcelona are at minimums.
Retail segment
With the momentum and prospects of E-Commerce, there is increasing interest in street level stores to reorient them to this activity.
Hotel segment
The hotel sector, closely linked to the tourism sector, maintains a positive outlook.
Gloval’s Outlook
At the start of 2019, the trend in the sector will continue, although perhaps with less momentum than in 2018. The scenario of low interest rates will be maintained, as well as a stable path in job creation.
GLOVAL’s valuation activity in hotel segment
The area specialized in valuations of the hotel segment of the Gloval group has more than 1,600 actions in the last 3 years, positioning itself in the “TOP” of the large consulting firms in the country.
You can download the GTrends Report Num. 1 here:
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