Although national and international investors do not take their eyes off the serious institutional crisis that Catalonia is experiencing, distrust has not affected the real estate sector at the moment. The volume of investment in residential, offices, retail, logistics and hotels has closed the third quarter of the year around 8,700 million euros, representing an increase of 40% over the same period of the previous year, according to data from the JLL consultant. In addition, this figure already represents 91% of all the investment in 2016, which stood at 9,564 million euros. "The market is going through an excellent time and it is foreseeable that all business segments improve their investment volume with respect to 2016 and we can achieve a historic investment at the end of the year," explains Borja Ortega, director of Capital Markets at JLL.
The retail market is the segment with the highest volume of investment in these nine months, reaching 3,267 million euros, 28% more than in the same period of 2016, and could end the year around 4,000 million euros, a historical figure due to the number and volume of operations closed or in the process of closure. In this third quarter, operations such as the sale of the San Miguel Market for 70 million, the Mercado de Fuencarral for 50 million and Gran Vía 18 for 44 million, all in Madrid, should be highlighted.