International interest in the Spanish commercial market is increasing

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. February 29, 2016

After many years of decline, the Spanish commercial sector is bouncing back so far during 2016 with many hotel and hospitality brokers reporting record numbers of international enquiries, viewings and acquisitions.

Spain was hit extremely hard throughout the global financial crisis and the commercial sector suffered from a lack of movement and had remained virtually non-existent until recent times.

Rising pound to euro conversions in 2015 saw an increase in British interest in both the residential and commercial sectors, however with the pound now falling against the euro the British market seems to be falling away slightly compared to last year.

Scandinavian, Russian and North European interest in the hospitality sector has been increasing so far this year with a number of hotel acquisitions in areas such as Costa Blanca South, Marbella and Madrid already complete.

There are also future acquisitions in place with American buyers which suggests that Spain is now being seen as a viable commercial investment option globally for the first time in almost a decade.

It remains to be seen whether or not this trend will continue but it is certainly a welcome sign of continued recovery and growth of the Spanish economy.