Investment activity has concentrated in the provinces of Barcelona, Madrid, Málaga, Valencia, Alicante, Sevilla, Murcia, Girona, and the Balearic Islands.

The real estate sector has captured the interest of investors this year, which will close with a 10% increase in investment in 2024.

Investment activity in buildings, houses, and apartments has concentrated in the provinces of Barcelona, Madrid, Málaga, Valencia, Alicante, Sevilla, Murcia, Girona, and the Balearic Islands. Especially in the first half of the year, as the announcement by the European Central Bank (ECB) of the start of interest rate hikes accelerated decision-making for purchasing homes.

According to Inviertis, the current macroeconomic context presents an opportunity for investors seeking stability and steady returns, allowing the Spanish real estate market to continue registering positive figures "despite the uncertainty generated by inflation, rising interest rates, or the measures adopted by the government to manage the market and a Housing Law still pending approval."

The residential segment is the real estate category that has attracted the most interest throughout 2023, both in investment volume and the number of transactions, with an average annual return exceeding 4.5%.

Rebeca Pérez, founder and CEO of Inviertis, emphasizes that “we are in an incredibly changing macroeconomic environment. No one would have predicted in January what lay ahead in 2024. Despite the drastic increase in living costs and financing, inflation is starting to be controlled, having moderated in November for the fourth consecutive month, now standing at 6.8%. Liquidity remains, so the market will hold up.”

The increase in mortgage interest rates has already caused a slight uptick in demand, which is affecting prices.