As the number of coronavirus cases continues to drop in Spain, the real estate sector has recorded another healthy performance for the third month in a row, with a steady recovery in April on the back of improved indicators for the economy, travel and the sector in general.
This is according to the latest reading from the CBRE Recovery Monitor, the first indicator of its kind in Spain to measure the recovery of the real estate sector and developed by the Data Science and Research teams at CBRE Spain.
Based on the latest data from April 30, the CBRE Recovery Monitor (a super indicator that synthetically combines measurements from 17 different variables) posted a reading of +40 for April, its highest figure since the pandemic began. The CBRE Recovery Monitor showed an improvement on the previous readings of +28 in March, +15 in February and –5 in January, building on the upward trend seen so far this year.
“Considerable progress in the vaccine rollout, along w
