The real estate transaction market in Spain registered a total of 196 announced and closed transactions for a total of 4,351 million euros until May 2021, according to the TTR (Transactional Track Record). This is 4.81% more in the number of transactions and 46.36% more in the amount of transactions compared to the first five months of 2020. Real estate deals lead the Spanish transaction market, outpacing the technology sector with 179 deals, the financial and insurance sector with 67 transactions, and the health, hygiene and aesthetics sector with 54 deals. On a monthly basis, in May 2021, a total of 37 transactions were registered in the Spanish real estate sector for a total of 1,628. 35 million euros, which is the highest figure for the year. While March was the month in which the highest number of transactions was registered - up to 54. Among all the transactions completed before May, TTR highlighted Bankinter's acquisition of a 95% stake in CBRE Global Investors in the Montepino logistics asset platform, a transaction valued at 1.2 billion euros.
Cross-border transactions
In terms of cross-border transactions, buying or selling with the participation of foreign companies, in the real estate market this year, Spanish companies chose Portugal and Germany as the main areas for their investments, where three transactions were made. In terms of the amount of money, Portugal was the country where Spanish companies made the largest investments, totaling 440 million euros. On the other hand, Germany and the United Kingdom are the countries of origin of the largest number of investments made in Spain during the year in the real estate sector - 13 each. Germany also leads the total amount of 619.84 million euros. In addition, from January to May, in the Spanish real estate sector, there were 8 high-value venture capital transactions, which together recorded a capital raising of 100 million euros, representing an increase in the number of transactions by 166.67%, as well as an increase in the mobilized capital by 627.28% compared to the same period in 2020. Finally, until May 2021, 5 private equity transactions were registered in the real estate sector, with the disclosed value of the capital raised amounting to 336 million euros.