GTrends

GTrends

Trends in the real estate market in the third quarter of 2019

Num. 3 - October 2019

Highlights of the quarter: July - September 2019

In this new Gtrends Report, Gloval analyzes the keys to the Spanish real estate market in the third quarter of 2019, with relevant information on the macro environment and the different segments of the real estate sector, such as residential, logistics/industrial, office, retail and hotel.

 

You can download the GTrends Report Num. 3 here:

Macroeconomic environment

The first half of 2019 has been marked by a less favorable international economic context.

PIB-y-Precios-de-la-Vivienda-Gtrends-3
Chart 1: GDP and Housing Prices (YoY, 1Q14-2Q19)

Residential segment

Housing prices during 2Q19 remained flat, experiencing a year-on-year rate of +3.1%, similar to those recorded in 2018.

Logistics/Industrial segment

It is one of the areas of the real estate sector that maintains the interest of investors, mainly in Madrid and Barcelona, although operations are beginning to be seen in other places such as Valencia and Zaragoza.

Office segment

Segment with the greatest impact in terms of investment (40%).

Retail segment

It is the only segment that shows signs of weakness, especially Shopping Malls, due to their time to readapt to new demand needs and new formats.

Hotel segment

This real estate asset maintains the dynamism of the last two years, both in terms of income and supply.

GLOVAL's valuation activity. Student Residences.

GLOVAL has an area specialized in valuing real estate assets of student residences, both under ECO regulations for mortgage purposes, as well as under the international standards of the RICS, where it has a specific department.

 

Over the last three years, Gloval has participated in projects exceeding 650 million euros, distributed as shown in the graph. Of the total amount of work carried out, almost 40% originated in Madrid, followed by Barcelona and the surrounding area with 30% and Valencia with approximately 15%.

residendias-de-estudiantes
Chart 2: Main destinations of appraisals

You can download the GTrends Report Num. 3 here:

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