In its March 2016 European Investment Briefing, Savills noted that the prime office yield in Madrid at the end of last year was 4.0%. The yield had therefore stayed contracted by 100 basis points over the course of 2015. Rental growth over the year was 3.9%. The yield from regional shopping centres was 5.0%, or 25 basis points lower through 2015. Savills notes that GDP growth in Spain in 2016 is expected to be -2.8%.

Source : Savills/Mar 2016/Madrid/RET