Estate Agents & Advertisers: Login or Register Telephone Number Tel: (+34) 952 471 774 | UK Freephone UK Freephone: 0800 047 0597 | US Toll Free US Toll Free: +1-866 656 7152
IPIN Left IPIN Middle IPIN Right
Header Corner
Find Property in :

E.g. "Marbella" or "Manchester". Looking for more search options?

Secure Exit Strategy

Rental declines 'slowing down' in Spanish markets

Date : (News Section: Spain)

Rental declines 'slowing down' in Spanish markets
The rate at which office rents are falling in Spain's major cities is slowing down, indicating the market may be reaching its bottom and could begin to improve.

In its latest Global Office Rent Cycle MarketView, CBRE revealed the speed at which office rents in Madrid and Barcelona are declining was less rapid in the second quarter of the year, although the data highlighted the generally weak picture for the office market in the Europe, Middle East and Africa (EMEA) region as a whole.

According to the organisation, the austerity programme being implemented by the Spanish government, as well as the ongoing issues in the eurozone, has been the major factor pulling the country's commercial property sector down.

The report stated: "As the eurozone grappled with the heightened uncertainty surrounding the sovereign debt crisis, very few markets were poised to experience significant rent growth."

Last month, Michael Haddock, a director at CBRE, told Reuters that investors looking to enter the Spanish commercial property market are struggling to do so, because many of the country's banks are not providing finance for real estate deals.

Article created on behalf of News Desk ()

Related Articles

  1. What is the Golden Visa Law?
  2. Tourists Spend Record 6.08 Billion in Spain
  3. Property Market Revival Gathers Pace in Spain
  4. Strong Overseas Demand Boosting Spanish Property Market
  5. Property Price Falls Decline in Spain in 2013

Let us search for you Let Us find Property in Spain for You

Fill out a requirements form and our experts will help you find a great selection of Properties for sale in Spain.

SubscribeGet Email Updates!


* We value your privacy and will never share your email address with anyone else.

Download Impact Investing Report
Investment Property
Distressed Property in Sax Featured Property
Sax (Alicante)
House/Villa - 5-Bed, 3-Bath
€575,000 - Find out more »
Distressed Property in Pinar de Campoverde Featured Property
Pinar de Campoverde (Murcia)
House/Villa - 3-Bed, 2-Bath
€370,000 - Find out more »
Distressed Property in Benahavis Featured Property
Benahavis (Malaga)
Apartment/Flat - 2-Bed, 2-Bath
€235,000 - Find out more »

Subscribe to This Feed

RSS News
Subscribe to this RSS Feed
Country: Spain
Channel: All

More RSS FeedsGo

Media/Press SectionProperty News Search


News ArchivesNews Archives

View worldwide property news from as far back as 2005 in our News Archives Section.

View News ArchivesGo