Arab Today, arab today asia invest €368m in spanish real estate market in 2014
Last Updated : GMT 18:12:19
Arab Today, arab today
Arab Today, arab today

Asia invest €368m in Spanish real estate market in 2014

Arab Today, arab today

Arab Today, arab today Asia invest €368m in Spanish real estate market in 2014

ِAsia markets
Mardrid - Xinhua

Asian investors invested around 368 million euros (501 million U.S. dollars) in the Spanish property market in the first half of 2014, according to information published on Friday by the Economic newspaper Expansion.
The figure has significantly increased in comparison with 2013 when they had invested 50 million euros in the whole year. In 2014 the figure could rise to 550 million euros, as there are several unfinished operations.
In 2013 there was only one important purchase in Spain: the Chinese Group GPRO bought the Valparaiso Hotel in Mallorca for 50 million euros.
In 2014, there were three important operations: the purchase of the emblematic Edificio Espana in Madrid by Chinese millionaire Wang Jianlin and the purchase of the Edificio Estel in Barcelona and the Palacio Casa del Conde de Cedillo in Madrid by businessman Harry Mohinami, who is based in Hong Kong.
The main investors are sovereign and pension funds such as Government of Singapore Investment Corporation (GIC), China Investment Corporation (CIC) and National Pension Service of South Korea.
The newspaper explained that "the surplus in several Asian countries has promoted the creation of large sovereign funds". There were also "legislative changes" that made it easier for investors to invest abroad, which could explain the increasing investment not only in Spain, but also in Europe.
"The prices of real estate assets in Spain are very attractive", Expansion said, and Asian sovereign funds know very well when they can invest, for instance, when prices have bottomed.
Housing prices in Spain have considerably dropped after the housing bubble burst in the country and the real estate sector was one of the most affected by the economic recession.
Spain left economic recession behind in the third quarter in 2013 and the government expects a 1.2 percent growth for this year.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia invest €368m in spanish real estate market in 2014 Arab Today, arab today asia invest €368m in spanish real estate market in 2014

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today asia invest €368m in spanish real estate market in 2014 Arab Today, arab today asia invest €368m in spanish real estate market in 2014

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Girl barred from Malaysia chess competition

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday