Although prime office yields in Madrid have been flat for the past year, pricing doesn’t appear to be obviously stretched. And while capital value growth is largely done, good rental growth prospects mean that Madrid still looks decent on a risk-return basis, with total returns expected to outperform.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services