Commercial Property for Sale in Spain
Spain occupies a strategic position on the southwest of the European continent bordered on its east and south coast by the Mediterranean Sea. The commercial property sector in Spain has recently become the focus of international real estate investor attention with investors attracted by the higher yields on offer and a steadily improving economy. A highly educated workforce of over 23m, the country is home to many leading companies including high profile world class brands such as the fashion retailer Zara. It has procured a highly developed ICT sector and has a booming established tourism industry. Excellent transport infrastructure, including a high-speed rail network linking 19 Spanish provinces and 27 cities, ensures terrific connectivity. The country also acts as an important gateway to the valuable European, Latin American and North Africa markets.
Significant international investment has been channelled into many of Spain’s commercial property sectors, most notably from the United States and France. However, international investors have had to compete with the very many active domestic players. Within the office sector, tenant demand has stabilised with prime locations in the big cities of Madrid and Barcelona continuing to take advantage of the improving market conditions. The retail sector has also enjoying a marked recovery, in particular the growing demand from fashion and restaurant operators for well-located premises in the prime cities. Stabilisation of the residential market however is taking longer to gain traction whilst the investment hotel market has benefited from the resilient nature of Spain’s established tourism industry and the large number of international visitors attracted to this world class holiday destination annually.