The recovery of the real estate sector is advancing step by step but incessantly. Investors have allocated more than 8,700 million euros to the real estate sector during the third quarter of the year, which represents an increase of 40% compared to the same quarter of the previous year, according to statistics compiled by the international real estate consultancy JLL.

“The market is going through an excellent time and it is foreseeable that all business segments will improve their investment volume compared to 2016 and we can reach a historic investment at the end of the year,” explains Borja Ortega, director of Capital Markets at JLL.

There are more and more real estate operations, prices increase month after month and the sector begins to wake up from the horrible nightmare experienced with the bursting of the bubble with the start of the financial crisis.

Retail operations grow

The recovery of the sector is confirmed by one fact: the volume of real estate investment (residential, offices, retail, logistics and hotels) during the first nine months of this year represents 91% of all that registered the previous year.

The real estate consultant JLL offers data by business segment. The retail market, of retailers, is the one that accumulates the most volume, with 3,267 million, almost 38% of the total. This market has grown by 28% over the same period of the previous year. “It could close the year around 4,000 million euros, a historical figure due to the number and volume of operations closed or in the process of being closed,” they say from the consultancy, which highlights operations such as the sale of the San Miguel Market ( Madrid) for 70 million euros, the Fuencarral Market for 50 million or Gran Vía 18 for 44 million, both also in Madrid.

Investment in offices and hotels is also advancing at a good pace. They accumulate an investment of 1,700 and 1,900 million euros, respectively. The hotel market also stands out with an accumulated investment of 1,900 million.