Property investors looking to Spanish retail sector

The Spanish retail sector is attracting a lot of attention from investors, with new research from Savills revealing that deal volumes could double by the end of the year.

Reuters reported that malls and other retail outlets have been proving popular among those looking to put money into Spanish property due to the discounted prices available as the country's economy struggled.

According to the global real estate services provider, many investors believe that Spain has reached its low point and expect values to gradually increase as the market picks up.

"Everything points towards the fact that investor activity is improving. The amount of product for sale has increased and investors appear to be more interested in actively participating in the market," the organisation told the news provider.

In the Savills Spanish Retail Report published on June 20th 2011, the firm noted that occupancy rates in retail outlets have reached almost 100 per cent in many locations due to the restricted number of units available.
 

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