2022-05-17-莱坊-Spain_Residential_Investment_PRS_-_BTR_Snapshot_Q1_2022_March_2022_2页_728kb

Snapshot Residential Investment PRS-BTR Summary - Q1 2022

Core Content Overview

This report provides an overview of the residential investment market in Spain for the first quarter of 2022, focusing on both PRS (Private Rental Sector) and BTR (Build-to-Rent) segments. It includes economic indicators, market data, key transactions, and contact information for Knight Frank’s experts in the field.

Key Economic Indicators

• GDP Growth (2021): Spain's economy grew by 4.9%, with the IMF forecasting 3.8% growth for 2023.
• Population Increase (2021): The population increased by 0.8%.
• Gross Available Income (Households): Increased by 5.9% in December 2021.

Rental Market Overview

• Average Rental Price (March 2022): 10.8 €/sqm.
• Investment Volume (Q1 2022): Exceeded €900 million, representing a 96% increase compared to the same period in 2021.
• Investment Composition:
  • PRS: Accounted for 88% of the total investment volume.
  • BTR: Accounted for 12% of the total investment volume.
• Gross Return on Housing Rental (Q4 2021): 3.7%.

Supply of Rental Properties

• Top Rental Property Types:
  • Flats with 1 and 2 bedrooms: Represent 30% of the total supply.
  • Detached houses with 5 or more bedrooms: Account for 50% of the total supply.

Key Transactions in Q1 2022

These transactions highlight the continued interest in residential investment, particularly in major cities like Barcelona and Madrid, and also demonstrate growing confidence in secondary markets like Valencia.

Market Insights and Considerations

• Impact of COVID-19: The pandemic has significantly affected market activity across Europe. Due to the uncertainty surrounding its long-term impact, the report emphasizes the importance of current market conditions over historical comparisons.
• Market Uncertainty: The report acknowledges the potential for rapid market changes and advises readers to consult with Knight Frank’s team for detailed discussions or updates.

Contact Information

Residential

• Carlos Zamora
  • Position: Partner, Head of Residential
  • Phone: +34 600 919 041
  • Email: Carlos.Zamora@es.knightfrank.com

Capital Markets

• Elaine Beachill
  • Position: Director of BTR, Retail & Hospitality
  • Phone: +34 600 919 016
  • Email: Elaine.Beachill@es.knightfrank.com

Research

• Rosa Uriol
  • Position: Head of Research
  • Phone: +34 600 919 114
  • Email: RosaUriol@es.knightfrank.com

Recent Publications

• Global Res. Cities Q2 2021: Available at knightfrank.com/research
• Spanish Version: Available at knightfrank.es

Knight Frank Research provides strategic advice, consultancy services, and forecasting to a wide range of clients, including developers, investors, and public sector entities.

Disclaimer

• This report is for general information only and should not be relied upon for decision-making.
• Knight Frank España, S.A.U. does not accept any responsibility or liability for losses or damages resulting from the use of this document.
• Reproduction of the report in whole or part is not permitted without prior written approval.
• Knight Frank España is a limited liability partnership registered in Madrid with CIF: A-79122552. Office address: Suero de Quiñones 34, 28002 Madrid.