Economics, Econometrics and Finance
3 years ago

Spanish commercial real estate market faces sharp decline due to COVID-19.

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Economic Bulletin
Impact of the COVID-19 pandemic on the Spanish commercial real estate market
Alejandro Fernández Cerezo, Matías Lamas Rodríguez, Irene Roibás Millán, Raquel Vegas Sánchez

Paper Summary

The COVID-19 pandemic significantly impacted the Spanish commercial real estate market. It caused a drop in non-residential investment, leading to lower sale prices and fewer transactions. Real estate investment trusts focusing on this market also saw changes in their stock prices and asset values. However, credit quality related to commercial real estate has not worsened.

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