Real estate investment in Barcelona recovers, hitting €1.5 billion for year through September

Real estate investment in Barcelona continues its progressive recovery and hit more than €1.5 billion for the months between January and September, which is 12% higher than the same period in 2023. These figures are from real estate consultancy CBRE.

By sectors, hotels secured €141 million in investment in the third quarter of this year for €426 million so far this year. This figure, however, is 21% less than the same period for 2023 and 12% under the average for the past 10 years. Nevertheless, Barcelona has consolidated its place as a preferred destination for hotel investment, with 25% of the national total.

Next we have the living sector, with a 25% share of the Catalan market and €377 million so far this year, up 29% from 2023. The consultancy attributes this to a boom in halls of residence for students, with €276 million, or more than double the amount in 2023. This sector continues dominating due to the lack of supply to meet growing demand.

Additionally, the office sector has consolidated its place with the third-highest investment, €357 million, up 44% from last year, while the retail sector saw €90 million, up from €76 million in 2023. Finally, the industrial and logistics sector posted €80 million, far below the €199 million invested in the same period the previous year.