Spain lies behind Europe regarding developing properties for residential use and therefore has a great potential for real estate investments.

In the capital of Spain, the Spanish royal residence, our branch office is located in the historical centre on one of the most famous squares of Madrid - near the Congreso de los Diputados, the Palace Hotel and the Prado museum.

Arnold Investments SL is located in a historic building. The location is one of the youngest in the group and also one of the most dynamic.

An utmost high client service level is guaranteed by a cohesive team with deep local knowledge and a wealth of contacts with buyers and sellers.

“Spain is a welcoming market for foreign investors appreciating sound real estate assessments and doing business in a professional and easy way.

In our location in Madrid we combine fantastic business opportunities with a city where everybody is welcome to visit and do business.”


Manuel de Salinas de Pablo-Romero, Country Manager

Investment Market Spain
2.5bn
Transaction Volume
Q4 2023
-27 % Y-o-Y Change
11.3bn
Transaction Volume
2023
-39 % Y-o-Y Change
Office
4.75%
Barcelona
Q4 2023 Prime Yield
Residential
4.20%
Barcelona
Q4 2023 Prime Yield
Hotel
5.25%
Barcelona
Q4 2023 Prime Yield
Retail
4.35%
Barcelona
Q4 2023 Prime Yield
I&L
5.30%
Barcelona
Q4 2023 Prime Yield
Transaction Volume By Investor Origin (in m €)
Domestic
Foreign
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Transaction Volume By Property Type
2023
Office
Residential
Hotel
Retail
I&L
Development
Prime Yields (in %)
Office
Residential
Hotel
Retail
I&L
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In-Depth Yield Assessment - Q4 2023
Filter by property type:
Office
Residential
Hotel
Retail
I&L
Madrid
Office: Prime Yield
4.75%
Change Y-o-Y: 95 BPS
Change Q-o-Q: 25 BPS
Office: Yield Decentralized Class A
6.20%
Change Y-o-Y: 90 BPS
Change Q-o-Q: 30 BPS
Barcelona
Office: Prime Yield
4.90%
Change Y-o-Y: 90 BPS
Change Q-o-Q: 30 BPS
Office: Yield Decentralized Class A
6.40%
Change Y-o-Y: 100 BPS
Change Q-o-Q: 30 BPS
Valencia
Office: Prime Yield
6.40%
Change Y-o-Y: 90 BPS
Change Q-o-Q: 40 BPS
Tier 2 city
Office: Prime Yield
6.90%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 30 BPS
Madrid
Residential: Prime Yield
4.20%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 0 BPS
Barcelona
Residential: Prime Yield
4.40%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 0 BPS
Tier 1 city
Student Housing: Prime Yield
5.20%
Change Y-o-Y: 45 BPS
Change Q-o-Q: 10 BPS
Tier 2 city
Student Housing: Prime Yield
5.80%
Change Y-o-Y: 30 BPS
Change Q-o-Q: 0 BPS
Spain
Care Home: Prime Yield
5.80%
Change Y-o-Y: 30 BPS
Change Q-o-Q: 0 BPS
Madrid
Hotel Management Contract: Prime Yield
6.25%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 15 BPS
Hotel Lease Contract: Prime Yield
5.25%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 15 BPS
Barcelona
Hotel Management Contract: Prime Yield
6.25%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 15 BPS
Hotel Lease Contract: Prime Yield
5.25%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 15 BPS
Balearic Islands
Hotel Leisure: Prime Yield
6.25%
Change Y-o-Y: 25 BPS
Change Q-o-Q: 15 BPS
Madrid
High Street Retail: Prime Yield
4.35%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 10 BPS
Shopping Centre: Prime Yield
7.25%
Change Y-o-Y: 75 BPS
Change Q-o-Q: 0 BPS
Retail Park: Prime Yield
6.50%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 0 BPS
Barcelona
High Street Retail: Prime Yield
4.35%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 10 BPS
Shopping Centre: Prime Yield
7.25%
Change Y-o-Y: 75 BPS
Change Q-o-Q: 0 BPS
Retail Park: Prime Yield
6.50%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 0 BPS
Malaga
High Street Retail: Prime Yield
5.60%
Change Y-o-Y: 35 BPS
Change Q-o-Q: 10 BPS
Valencia
High Street Retail: Prime Yield
5.35%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 10 BPS
Tier 2 city
Retail Park: Prime Yield
7.10%
Change Y-o-Y: 60 BPS
Change Q-o-Q: 0 BPS
Spain
Supermarket: Prime Yield
5.75%
Change Y-o-Y: 75 BPS
Change Q-o-Q: 15 BPS
Madrid
Logistics: Prime Yield
5.30%
Change Y-o-Y: 55 BPS
Change Q-o-Q: 10 BPS
Logistics: Yield Class B
7.00%
Change Y-o-Y: 100 BPS
Change Q-o-Q: 10 BPS
Barcelona
Logistics: Prime Yield
5.30%
Change Y-o-Y: 55 BPS
Change Q-o-Q: 10 BPS
Valencia
Logistics: Prime Yield
6.00%
Change Y-o-Y: 50 BPS
Change Q-o-Q: 10 BPS
Spain
Small Business Units: Prime Yield
7.10%
Change Y-o-Y: 35 BPS
Change Q-o-Q: 10 BPS

Market Analysis

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Spain | Madrid

Arnold Investments SL
Plaza de las Cortes, 4 – 8° derecha
28014 Madrid
Phone +34 917 930 350
es@arnold.investments Get in touch
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