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Spain needs 1.2 million rental homes to meet demand, according to Savills

10th March 2022
Spain needs 1.2 million rental homes to meet demand, according to Savills

Investment in 'multifamily'
During the presentation of the study, it was also pointed out that 2021 closed with an investment of 2,300 million euros in 'multifamily' or residential rental, 21% of the total real estate investment. Of this amount, Madrid captured 52% and Barcelona, 13%.

In addition, it has been highlighted that the return on this type of asset is very tight, with 'yields' or yields of 3% in 'prime' in large cities and up to 5% in secondary ones, and with financing of around 50% and 60% for new projects. In relation to rents, Susana Rodríguez has indicated that rents have increased by 14% in the main cities and 35% in the secondary ones.

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