Experts say that the commercial real estate market of Spain is one of the most attractive in Europe for investment.
Property Magazine International has published statistics on real estate investment for EU countries in the second quarter of 2014. The publication underscored the appeal of the Spanish markets: the volume of investment in commercial real estate in second quarter totaled €36 million, up from €28 million in the first quarter. According to experts, the Spanish market will remain attractive to investors throughout the current year and next year as well.
RD GROUP IN SPAIN
In June 2014 the development group RD Group announced its plans to invest €50 million the construction of commercial and residential properties in Spain. The agreement to implement the projects was reached during talks with regional authorities in Spain, including the President of the Community of Madrid Ignacio González.
On a piece of land of approximately 10,000 square meters in the coastal zone of Marbella in Costa del Sol RD Group plans to build a hotel and premium-class apartments along with the associated infrastructure. In total the complex will have approximately 20,000 square meters. Affluent Europeans and Russians will be the likely buyers of the apartments.
There are also plans to build no less than 7 villas on a 17,000 sqm piece of land in the mountainous area of Marbella.