Aedas Homes, Renta Corporación, and Merlin Properties lead gains, while Cevasa and others face declines. Explore the latest Spain real estate market trends.
In January, the Spain real estate market experienced a notable ascent on the stock market, with an impressive 6.2% increase in capitalization, culminating in a robust €15,748 million. Leading the charge were Aedas Homes, Renta Corporación, and Merlin Properties, each surpassing the 10% threshold in gains. Meanwhile, the likes of Insur, Colonial, and Montebalito also contributed positively, albeit to a lesser extent.
Conversely, the month was not without its setbacks. Cevasa, with a decline exceeding 4%, along with Realia, Metrovacesa, and Neinor, found themselves on the losing end of the spectrum. The twelve largest publicly listed Spanish real estate firms concluded January with a collective capitalization increase from €14,828.5 million at the end of 2024 to €15,747.5 million by the end of January 2025.
The trajectory of Lar España remains uncertain, particularly following its recent transition post-Helios takeover bid. Aedas Homes emerged as the standout performer, boasting a remarkable 15.25% increase, with shares nearing the €30 mark at €29.85. Renta Corporación followed closely, achieving a 12.31% rise to close at €0.73, while Merlin Properties rounded out the top three with a commendable 10.04% increase, settling at €11.18 per share.
Notably, Insur recorded an 8.38% uptick, bringing its shares to €9.70, while Colonial and Montebalito saw increases of 5.8% and 5.3%, respectively. Árima also made a modest gain of 1.98%, closing at €8.26 per share. Lar España, despite being suspended from trading by the National Securities Market Commission (CNMV) as a precautionary measure, managed a slight increase of 0.48%, ending January at €8.29.
The month’s declines, while present, were less severe than the gains. Cevasa’s drop of 4.23% was particularly noteworthy, closing at €6.80 per share. Realia, too, faced challenges, losing 2.55% and dipping below the €1 mark to €0.99. Metrovacesa and Neinor experienced more tempered losses, with Metrovacesa falling by 0.91% to €8.70 and Neinor decreasing by 0.24%, closing at €16.86.
January proved to be a month of mixed fortunes for the Spanish real estate sector, characterized by significant gains for some, while others grappled with declines, setting the stage for an intriguing year ahead in the realm of Spain real estate investments.