Impact of the COVID-19 pandemic on the Spanish commercial real estate market
| Autor: | Fernández Cerezo, Alejandro, Lamas Rodríguez, Matías, Roibás Millán, Irene, Vegas Sánchez, Raquel |
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| Jazyk: | angličtina |
| Rok vydání: | 2021 |
| Předmět: |
Economía urbana y vivienda
R31 Real estate investment trusts (REITs) COVID-19 Economic situation Commercial real estate market Financial analysis R3 Mortgage lending conditions Real estate investment Capital e inversión Commercial real estate assets E22 Real estate investment trusts in Spain (SOCIMIs) Crédito y mercado hipotecario G23 |
| Zdroj: | Repositorio Institucional del Banco de España Banco de España |
| Popis: | Artículo de revista The COVID-19 pandemic has had a major impact on the recent performance of the Spanish commercial real estate market. In particular, the crisis has led to a sharp decrease in non-residential investment and has triggered a correction in sale prices, transaction numbers and new financing operations. It has also affected Spanish real estate investment trusts specialising in this market, both in terms of the number of vehicles created and of their stock prices and the value of their real estate assets. By contrast, to date there has been no significant deterioration in credit quality linked to the commercial real estate market. |
| Databáze: | OpenAIRE |
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