The real estate industry has about 85 active crowdfunding platforms, including companies such as Realty Mogul and Fundrise LLC that collect small contributions from investors, Massolution said. Low interest rates have made investments such as bonds relatively less attractive, driving those searching for yield to real estate and making it one of the fastest-growing segments in crowdfunding, according to the study.
Read MoreBritish Lead Charge as Cheap Spain Beach Homes Sell
Londoner Barry Leverington said he figures his money is better off in a Spanish home than earning next to nothing in a British savings account.
The 33-year-old bank employee is searching for a property at the Mazarron Country Club in the southern region of Murcia, where two-bedroom bungalows in gated communities near the Mediterranean can sell for as little as 75,000 euros ($85,000). He said he wants to close a deal by this summer.
Read MoreInternational Investors Rush to Spanish Real Estate Through SOCIMIs
The bursting of the housing bubble in Spain and the subsequent financial crisis have left Spanish real estateprices at levels which, for the first time in years, investors are beginning to consider attractive. Therefore, the asset’s positioning begins to pick up, either directly or through listed vehicles such as the SOCIMIs, the Spanish REITs.
Read MoreSpain: low house prices and a weak euro are attracting more and more property buyers
Buyers from abroad are returning to the Spanish housing market, attracted by economic growth that’s beating most of Europe and signs that prices are bottoming out after years of declines. Britons are the biggest investors as near-zero interest on U.K. savings accounts and rising residential prices make it less attractive to keep money at home.
Non-Spaniards spent 6.05 billion euros on Spanish property in the first nine months of last year, up 30 percent from the same period in 2013, according to data from the country’s Ministry of Public Works. The 40,338 dwellings purchased represent a 27 percent increase from the same period a year earlier, led by the Valencia, Andalusia and Catalonia regions, the data showed.
Read MoreThe real estate sector begins a year of growth supported by positive economic forecasts
BBVA: "The positive outlook for economic growth in Spain, better employment figures and favourable financing conditions will drive further increases in house sales in 2015, which will be accompanied by a “moderate” increase in prices and a further increase in construction activity".
Read MoreSpanish Banks Look to Expand Abroad After Recovery Back Home
Spanish banks, battered in the financial crisis by 197 billion euros ($209 billion) of soured loans, are resuming expansion abroad as they seek to avert future shocks by spreading their risk.
Read MoreMelia - Spain, Starwood buys Melia hotel portfolio in Spain for €176m
CBRE Hotels has completed on the sale of six hotels across Spain on behalf of Melia Hotels International to US based Starwood Capital Group for €176 million.
Read More2015 set to see strong growth in demand for prime properties in Spain
The international financial markets are expected to be a key driver in the uptake of Spanish prime residential property during 2015, according to a new analysis.
Read MoreRising demand for rented housing will lead to greater investor interest in residential property
It is a basic human right to put a roof over your head and to call it home; after all, home is where the heart is. But not everyone aspires, or is able to aspire, to be a homeowner, and homeownership is not always the optimal solution to a family’s accommodation requirement. Homeownership of a different kind — development of and investment in single-family and multifamily rental housing by institutional investors — is also not for everyone. But — whether homeowner, landlord, tenant, investor or manager — “everyone has to live somewhere,” says Alex Greaves, residential fund manager at M&G Real Estate. “Either owned by themselves or rented from someone else.”
Depending on the market and its culture, regulation and economics, rental housing plays a significant role in Europe’s residential property sector, in both regulated/social and unregulated/private spheres.
Read MoreDraghi fires his bazooka: Has the European Central Bank done enough?
In hopes of pumping up the rapidly-deflating euro — and the 19 European Union economies that it calls home — the European Central Bank has decided to start down the financial path already trod by the United States, the United Kingdom and Japan, instituting its own bond-buying programme known as “quantitative easing”, which Mario Draghi, ECB president, hinted at in his famed “big bazooka/whatever it takes” speech in July 2012.
As Draghi explained in a press conference on 22 January, the impetus for the programme’s launch is two-fold: “First, inflation dynamics have continued to be weaker than expected. … This assessment is underpinned by a further fall in market-based measures of inflation expectations over all horizons and the fact that most indicators of actual or expected inflation stand at, or close to, their historical low.
Read MoreEURO HOTEL ACQURIES SECOND BARCELONA HOTEL
It was reported that Euro Hotel has acquired the Hotel Solvasa Barcelona in Spain from Solvasa Hoteles for an undisclosed sum. The 116-room hotel, adjacent to the Fira de Barcelona's Gran Via venue, is the French group's second hotel purchase in Barcelona; it had previously acquired the Diagonal Port property, now the Euro Hotel Barcelona.
Source: HVS
Asian Investment in European Hotels Surge 90 Percent in 2014
Asian investment in European hotels will reach US$22.7 billion in 2015, fueled by the liberalization of domestic controls governing outbound investment.
Asian hotel real estate acquisitions in Europe surged by 90% year-over-year in 2014 and by 20% globally. With limited investable stock available in domestic markets, CBRE forecasts that hotel acquisitions by Asian investors could rise by as much as 58% in Europe this year.
Hispania creates first Spanish hotel REIT
Hispania is creating Spain’s first hotel REIT, focusing on the holiday resort sector.
The Madrid-based company, which this week reported a net €17.5m profit for its first nine months, said it would invest €339m in the new REIT, equivalent to an 80.5% stake.
Spanish operator Grupo Barceló, taking a 19.5% stake, is selling a portfolio of 11 hotels and one shopping centre to the new vehicle.
The company will continue to manage the hotels for Hispania, with an initial 15-year lease contract in place.
Read MoreAllianz RE finances mall in debut Spanish deal
Allianz Real Estate has financed a Spanish retail asset for Merlin Properties, its first in Spain.
The German investor said it has provided Merlin’s Retail Socimi REIT vehicle with a €133.6m ($152m) loan facility on the Marineda centre, in La Coruna.
Merlin paid €270m for the 200,000sqm asset in July last year at a 6.6% net initial yield. The deal was the largest single-asset investment in the shopping centre sector in Spain since 2008.
Read MorePresence and wealth of HNWIs in Spain to rise by 2019, says new report
The number of high net worth individuals in Spain is set to continue increasing between this year and 2019, according to a new research report from ResearchMoz.
Read MoreSpanish housing prices rise at fastest rate in 6 years
Spanish house prices have risen at the fastest rate since the start of the country’s financial crisis, fuelled by a broader economic recovery and increased availability of credit.
Read MoreMadrid: Third Favourite Investment Market In Europe
PwC Report / The Spanish capital is the third favourite investment market after Berlin and Dublin. The commitments made by George Soros and Dalian Wanda are generating the “pull effect” (in 2015).
Read MoreMadrid Ready to Party as Spain’s Recovery Lifts Mood: Economy
A strengthening economy and a pickup in consumer spending are energizing nightlife in the Spanish capital after a perfect storm of record unemployment, tax increases and a smoking ban put more than 400 venues out of business since 2008.
Read MoreCerberus tops Europe with €17.7bn of NPLs
Cerberus Capital Management, the New York-based firm, has been as named the leading investor in European non-performing loans in 2014 in a report by Cushman & Wakefield.
The real estate broker reported that Cerberus affiliates invested approximately €17.7 billion in European NPLs in 2014, constituting nearly 22 percent of the €80.6 billion in closed commercial real estate and real estate-owned transactions for the year. This is the second year in a row that Cerberus has topped the broker’s chart.
Last year the company completed more than a dozen deals across Europe, acquiring loans and assets in the UK, Germany, Spain, Italy, Ireland, France and Denmark, among other countries.
Spain Home Sales Advanced Last Year First Time Since 2010
Spanish home sales increased last year for the first time since 2010, adding to signs that the property market is recovering from the worst recession in the country’s democratic history.
Transactions rose 2.2 percent from a year earlier to 319,389 units, according to data compiled by the National Statistics Institute. That’s still far below the peak in 2006, when 955,186 properties were sold.
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