Cushman & Wakefield MarketBeat reports analyse quarterly Spain commercial property activity across office, retail, industrial and living real estate sectors including supply, demand and pricing trends at the market and submarket levels.
Following the closure of a turbulent 2023 with the much-awaited news of the end of interest rate hikes, we find ourselves in a 2024 full with challenges. The year saw interest rates starting at 2.5% and closing at 4.5%. Moreover, closing Eurozone inflation data was positive and the ECB set the second half of 2024 as the starting date for a new, positive economic cycle born out of the effects of both the drop in inflation and the relaxation of financing conditions.
The most recent GDP growth forecasts for Spain are more positive than expected and above the Eurozone average, with estimates of 1.4% for 2024 and 2.0% for 2025.
If you want to know more about industry trends in EMEA, read our reports: Hospitality Outlook 2023 and EMEA Market Beat 2023.
