Real estate investment in Barcelona hits €2.5 billion in 2024, up 30%

Real estate investment in the city of Barcelona reached €2.5 billion in 2024, which is up 30% from the previous year, according to data from a report by real estate consultancy firm CBRE. This report highlights that the data shows a trend shift from the slowdown in 2023, marked by an interest rate hike and macroeconomic uncertainty.

It should be noted that the hotel sector has led real estate investment in Barcelona, with more than €600 million and 22 transactions. This demonstrates that the strength of the tourism sector in Barcelona has extended to the real estate sector. Furthermore, the Catalan hotel sector made up 18% of all investment in the sector in Spain.

Regarding the housing segment, investment was over €450 million, up 65% from 2023. Additionally, the office segment saw nearly €550 million, up 24%, while investment in retail was over €350 million, compared to €75 million the previous year.

CBRE forecasts for 2024 estimated growth would be around 10%, but in the end it was much higher. In this regard, it is worth noting that family offices and local investors played a central role, while investment funds, which have gained presence, are expected to return in full force this year.