{"id":131075,"date":"2020-02-05T12:09:42","date_gmt":"2020-02-05T09:09:42","guid":{"rendered":"https:\/\/alegria-realestate.com\/?p=131075"},"modified":"2025-08-14T20:03:48","modified_gmt":"2025-08-14T17:03:48","slug":"investments-in-spanish-real-estate-2020","status":"publish","type":"post","link":"https:\/\/alegria-realestate.com\/cs\/articles\/investments-in-spanish-real-estate-2020","title":{"rendered":"Investice do \u0161pan\u011blsk\u00fdch nemovitost\u00ed: v\u00fdsledky pro rok 2019 a progn\u00f3zy pro rok 2020"},"content":{"rendered":"

Investice do \u0161pan\u011blsk\u00fdch nemovitost\u00ed dos\u00e1hly v roce 2019 pozoruhodn\u00fdch v\u00fdsledk\u016f a v\u0161e nasv\u011bd\u010duje tomu, \u017ee trend bude v roce 2020 nad\u00e1le nab\u00edrat na s\u00edle. Promluvme si o \u00fasp\u011b\u0161\u00edch \u0161pan\u011blsk\u00e9ho realitn\u00edho trhu<\/a> z hlediska investic v roce 2019 a zjist\u011bte, co jej podle expertn\u00edch progn\u00f3z \u010dek\u00e1 v roce 2020.<\/p>\n

Investice do \u0161pan\u011blsk\u00fdch nemovitost\u00ed: v\u00fdsledky za rok 2019<\/h2>\n

Podle nejnov\u011bj\u0161\u00ed zpr\u00e1vy BNP Paribas Real Estate dos\u00e1hl v roce 2019 objem investic do \u0161pan\u011blsk\u00fdch nemovitost\u00ed<\/a> 12,725 miliardy eur, co\u017e je o 5 % v\u00edce ne\u017e v roce 2018. Jen v posledn\u00edm \u010dtvrtlet\u00ed roku 2019 dos\u00e1hl objem investic do sektoru nemovitost\u00ed v zemi 3 880 milion\u016f EUR, mimo jin\u00e9 d\u00edky velk\u00fdm transakc\u00edm, jako je prodej n\u00e1kupn\u00edho centra Puerto de Venecia v Zaragoze za 475 milion\u016f EUR, prodej n\u00e1kupn\u00edho centra San Vicente Outlet Park v Alicante \u0161v\u00fdcarsk\u00e9 spole\u010dnosti UBS v Serranda. Nejv\u011bt\u0161\u00ed pod\u00edl investic byl v kancel\u00e1\u0159sk\u00e9m sektoru \u2013 4,6 miliardy eur, zat\u00edmco pod\u00edl komer\u010dn\u00edch prostor \u010dinil 1,965 miliardy eur. \"Investice V roce 2019 bylo 70 % n\u00e1kupn\u00edch a prodejn\u00edch transakc\u00ed ve \u0160pan\u011blsku provedeno zahrani\u010dn\u00edmi investory,<\/a> v\u010detn\u011b velk\u00fdch mezin\u00e1rodn\u00edch investi\u010dn\u00edch fond\u016f (socimis), jako jsou Merlin a Colonial. Mezi n\u00e1rodn\u00edmi investory vynikaj\u00ed poji\u0161\u0165ovny jako Catalana Occidente a tzv. family office (family capital trust management companies). Tyto spole\u010dnosti, jak Barracina poznamen\u00e1v\u00e1, s\u00e1zej\u00ed na realitn\u00ed trh.<\/p>\n

Kancel\u00e1\u0159e<\/strong><\/h3>\n

Zpr\u00e1va spole\u010dnosti Cushman & Wakefield uv\u00e1d\u00ed, \u017ee zhruba 50 % investic do nemovitost\u00ed v lo\u0148sk\u00e9m roce sm\u011b\u0159ovalo na kancel\u00e1\u0159sk\u00fd trh. Je to d\u00e1no aktivn\u00edm r\u016fstem tohoto sektoru, kter\u00fd p\u0159itahuje investory. Na trhu s pron\u00e1jmem kancel\u00e1\u0159\u00ed je nav\u00edc nedostatek nab\u00eddky, co\u017e vede k r\u016fstu cen.<\/p>\n

Obchodn\u00ed prostory<\/strong><\/h3>\n

Objemy investic do komer\u010dn\u00edch prostor, zejm\u00e9na obchodn\u00edch center, poklesly. Odborn\u00edci to p\u0159ipisuj\u00ed rozmachu e-commerce a postupn\u00e9 zm\u011bn\u011b spot\u0159ebitelsk\u00fdch zvyklost\u00ed, kter\u00e9 dnes nab\u00edzej\u00ed obrovsk\u00fd v\u00fdb\u011br zp\u016fsob\u016f tr\u00e1ven\u00ed voln\u00e9ho \u010dasu. Odborn\u00edci se v\u0161ak shoduj\u00ed, \u017ee r\u016fst e-commerce nep\u0159edstavuje pro fyzick\u00fd maloobchodn\u00ed sektor skute\u010dnou hrozbu. P\u0159\u00edliv kapit\u00e1lu do sektoru n\u00e1kupn\u00edch center loni klesl o 1,4 %, i kdy\u017e tr\u017eby vzrostly. V oblasti prodeje komer\u010dn\u00edch nemovitost\u00ed do\u0161lo tak\u00e9 k n\u00e1r\u016fstu objem\u016f prodej\u016f, co\u017e je spojeno s aktivn\u00edm n\u00e1r\u016fstem toku turist\u016f.

\u041e\u043a\u0430\u0437\u044b\u0432\u0430\u0435\u043c \u0443\u0441\u043b\u0443\u0433\u0438 \u0432 \u0418\u0441\u043f\u0430\u043d\u0438\u0438 \u043f\u043e \u043e\u0444\u043e\u0440\u043c\u043b\u0435\u043d\u0438\u044e \u00ab\u0417\u043e\u043b\u043e\u0442\u043e\u0439 \u0432\u0438\u0437\u044b\u00bb<\/span>\u041f\u043e\u0434\u0431\u0438\u0440\u0430\u0435\u043c \u043e\u0431\u044a\u0435\u043a\u0442\u044b \u0434\u043b\u044f \u0438\u043d\u0432\u0435\u0441\u0442\u0438\u0446\u0438\u0439, \u043f\u043e\u0434\u0433\u043e\u0442\u0430\u0432\u043b\u0438\u0432\u0430\u0435\u043c \u043f\u0430\u043a\u0435\u0442 \u0434\u043e\u043a\u0443\u043c\u0435\u043d\u0442\u043e\u0432 \u0438 \u043f\u043e\u0434\u0430\u0435\u043c \u0432 \u043a\u043e\u043d\u0441\u0443\u043b\u044c\u0441\u0442\u0432\u043e. \u041f\u043e\u043c\u043e\u0433\u0430\u0435\u043c \u0441 \u043f\u0440\u043e\u0434\u043b\u0435\u043d\u0438\u0435\u043c \u00ab\u0417\u043e\u043b\u043e\u0442\u043e\u0439 \u0432\u0438\u0437\u044b\u00bb \u0438 \u043f\u043e\u043b\u0443\u0447\u0435\u043d\u0438\u0435\u043c \u0433\u0440\u0430\u0436\u0434\u0430\u043d\u0441\u0442\u0432\u0430.\r\n<\/span>
z\u00edskat poradenstv\u00ed<\/a><\/div><\/div><\/div> Barracina poznamen\u00e1v\u00e1, \u017ee velk\u00e9 m\u00f3dn\u00ed spole\u010dnosti, kter\u00e9 zab\u00edraj\u00ed v\u011bt\u0161inu prostoru v n\u00e1kupn\u00edch centrech, za\u010daly restrukturalizovat s\u00edt\u011b sv\u00fdch obchod\u016f, zav\u00edraly ty v chud\u00fdch lokalit\u00e1ch a s\u00e1zely na v\u011bt\u0161\u00ed maloobchodn\u00ed prostory. Krom\u011b toho aktivn\u011b rozv\u00edjej\u00ed poradensk\u00fd sektor pro klienty, kte\u0159\u00ed n\u00e1sledn\u011b nakupuj\u00ed online.<\/p>\n

Obytn\u00e9 nemovitosti<\/strong> <\/h3>\n

\"Investice P\u0159ed kriz\u00ed bylo \u0160pan\u011blsko pova\u017eov\u00e1no za zemi kupc\u016f dom\u016f: asi 77 % \u0160pan\u011bl\u016f investovalo do tohoto sektoru, aby vlastnili d\u016fm. V\u011bt\u0161ina \u0161pan\u011blsk\u00fdch obyvatel v\u011b\u0159ila, \u017ee koup\u011b vlastn\u00edho domu je v\u00fdnosn\u011bj\u0161\u00ed variantou ne\u017e pron\u00e1jem. Po prasknut\u00ed realitn\u00ed bubliny v zemi mnoho \u0160pan\u011bl\u016f zm\u011bnilo n\u00e1zor<\/a> , proto\u017ee se b\u00e1li koupit d\u016fm kv\u016fli vysok\u00fdm rizik\u016fm a jako spolehliv\u011bj\u0161\u00ed mo\u017enost preferovali pron\u00e1jem. Dnes se situace op\u011bt m\u011bn\u00ed: koup\u011b domu ve \u0160pan\u011blsku je op\u011bt pova\u017eov\u00e1na za spolehliv\u00fd a ziskov\u00fd podnik, kter\u00fd p\u0159isp\u00edv\u00e1 k r\u016fstu tr\u017eeb a cen. Hlavn\u00edm investi\u010dn\u00edm objektem v sektoru z\u016fst\u00e1vaj\u00ed sekund\u00e1rn\u00ed nemovitosti: ceny jsou ni\u017e\u0161\u00ed a v\u00fdb\u011br nemovitost\u00ed je \u0161ir\u0161\u00ed. Vedlej\u0161\u00ed nemovitosti maj\u00ed nav\u00edc v\u00fdhody z da\u0148ov\u00e9ho hlediska. Pozornost investor\u016f v\u0161ak p\u0159itahuj\u00ed i novostavby \u2013 investice v tomto sektoru jsou pova\u017eov\u00e1ny za nejzaj\u00edmav\u011bj\u0161\u00ed. Nov\u00fd trh s byty ve \u0160pan\u011blsku v\u0161ak v sou\u010dasnosti poci\u0165uje nedostatek nab\u00eddky kv\u016fli omezen\u00edm p\u016fdy, byrokratick\u00fdm pr\u016ftah\u016fm p\u0159i z\u00edsk\u00e1v\u00e1n\u00ed stavebn\u00edch povolen\u00ed a nedostatku kvalifikovan\u00e9ho person\u00e1lu. Mnoho lid\u00ed investuje do \u0161pan\u011blsk\u00fdch nemovitost\u00ed s c\u00edlem jejich n\u00e1sledn\u00e9ho pron\u00e1jmu, a to jak dlouhodob\u00e9ho<\/a> , tak kr\u00e1tkodob\u00e9ho<\/a> (turistick\u00e9ho). V roce 2019 dos\u00e1hly kapit\u00e1lov\u00e9 investice v tomto sektoru 950 milion\u016f EUR, co\u017e odpov\u00edd\u00e1 p\u0159ibli\u017en\u011b 4 600 nov\u00fdm n\u00e1jemn\u00edm nemovitostem. P\u0159\u00edzniv\u00e9 ceny bydlen\u00ed, vysok\u00e9 n\u00e1klady na pron\u00e1jem a relativn\u00ed snadnost z\u00edsk\u00e1n\u00ed hypot\u00e9ky \u2013 d\u00edky t\u011bmto a dal\u0161\u00edm faktor\u016fm bude rok 2020 ziskov\u00fd pro n\u00e1kup nemovitost\u00ed za \u00fa\u010delem jejich pron\u00e1jmu. V tomto ohledu stoj\u00ed za zm\u00ednku zejm\u00e9na nemovitosti na pob\u0159e\u017e\u00ed St\u0159edozemn\u00edho mo\u0159e v regionech jako Alicante a Valencie<\/a> . Ceny bydlen\u00ed jsou zde v\u00fdrazn\u011b ni\u017e\u0161\u00ed ne\u017e v jin\u00fdch obl\u00edben\u00fdch \u0161pan\u011blsk\u00fdch letovisc\u00edch, jako je Costa Brava, Costa Maresme, Costa del Sol atd. Z\u00e1rove\u0148 je zde bydlen\u00ed vynikaj\u00edc\u00ed k pron\u00e1jmu d\u00edky rekordn\u00edmu n\u00e1r\u016fstu po\u010dtu turist\u016f nejen v letn\u00ed sez\u00f3n\u011b, ale i v chladn\u00fdch m\u011bs\u00edc\u00edch: klima t\u00e9to oblasti umo\u017e\u0148uje u\u017e\u00edvat si teplo a slunce t\u00e9m\u011b\u0159 po cel\u00fd rok.<\/p>\n

\u0160pan\u011blsk\u00e9 investice do nemovitost\u00ed: Progn\u00f3zy pro rok 2020 <\/h2>\n

\"Investice Podle odborn\u00edk\u016f objem investic do \u0161pan\u011blsk\u00fdch nemovitost\u00ed<\/a> v roce 2020 dos\u00e1hne 10,2 miliardy eur. V\u00fdznamn\u00fd pod\u00edl z toho bude poch\u00e1zet ze zahrani\u010dn\u00edho kapit\u00e1lu. Tyto informace byly prezentov\u00e1ny ve zpr\u00e1v\u011b Outlook 2020, kterou v polovin\u011b ledna zve\u0159ejnila poradensk\u00e1 agentura Cushman & Wakefield. Tato \u010d\u00edsla potvrzuj\u00ed, \u017ee \u0161pan\u011blsk\u00fd trh s nemovitostmi bude nad\u00e1le posilovat. Gener\u00e1ln\u00ed \u0159editel Cushman & Wakefield Oriol Barrachina \u0159\u00edk\u00e1, \u017ee \u0161pan\u011blsk\u00fd trh s nemovitostmi v sou\u010dasn\u00e9 dob\u011b za\u017e\u00edv\u00e1 nedostatek nab\u00eddky a sna\u017e\u00ed se uspokojit popt\u00e1vku investor\u016f, co\u017e omezuje po\u010det prodejn\u00edch transakc\u00ed. Dnes mnoho odborn\u00edk\u016f tvrd\u00ed, \u017ee rok 2020 bude jedn\u00edm z nej\u00fasp\u011b\u0161n\u011bj\u0161\u00edch let pro investov\u00e1n\u00ed do nemovitost\u00ed d\u00edky kombinaci n\u011bkolika d\u016fle\u017eit\u00fdch faktor\u016f:<\/p>\n