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Spain’s second coronavirus wave triggers second real estate deal slump
Research - OCTOBER 9, 2020

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Spain’s second coronavirus wave triggers second real estate deal slump

by Released

The COVID-19 pandemic has struck Spain particularly hard. Cases and total deaths from the first wave of the outbreak were among the highest in the world and a secondary surge is under way, according to Tom Leahy, senior director, EMEA analytics at Real Capital Analytics, in the firm’s latest insights research report .

Spain was forced into a new round of lockdown measures as the government tries to limit a second outbreak. The data suggest the property market has responded again and deal flows fell to a new low at the start of September, 54 days later.

There is an important caveat, however: The summer period is typically slow for investment, and the comparable data from 2019 show that trend clearly.

To read the full report, click here.

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