Locations
The existing opportunities and high potential returns in the Spanish real estate market are making it more attractive to investors.
With low interest rates and volatility in capital markets pushing investors towards the real estate market, Spain should expect to experience a rise in this particular sector. According to Silvia López, Partner at Fieldfisher JAUSAS, and lawyer within their real estate department, this will present a number of opportunities to law firms. “Spain is an attractive market due to the existing opportunities and high returns,” she explains, “in particular in the so-called “alternative real estate assets” such as students’ residences, care homes, co-living, co-working, tourist apartments, hostels and also logistical assets.”
But real estate clients and investors are also set to experience a number of complications; an example of this will be the regulation of tourist apartments. “Some regions are restricting the use of dwelling for tourist use, to avoid price increases and displacement of the local population,” adds López. In addition to this, rents are being regulated in order to avoid an increase, and to protect the tenants. “Likewise, change of purchase habits is affecting the retail sector,” López states. “This market will now have to envision new ways to attract customers.”