• PIB previsto 2026: 2,3 % (Banco de España) y 1,7 % en 2027.
• Crecimiento impulsado por consumo privado, inversión y turismo.
• Riesgo geopolítico (conflicto Oriente Medio) que podría modificar la previsión entre ‑10 y ‑40 pb.

• Residencial: 1.768 M € (+33 % vs T1 2025). Liderado por BTR, flex‑living, co‑living y viviendas asequibles.
• Retail: 1.377 M € (+32 % vs T1 2025). 66 % en centros comerciales, 31 % en parques comerciales, resto en High‑Street.
• Hoteles: 1.172 M € (+167 % vs T1 2025). Más de 45 hoteles transaccionados; fuerte demanda de 5 ★.
• Oficinas: 1.013 M € (‑39 % vs T1 2025) pero dentro del rango de los últimos 10 trimestres.
• Logística: 277 M € (‑39 % vs T1 2025). Operación destacada: CapitaLand compra 6 plataformas (124 M €).
• Alternativos (principalmente residencias de estudiantes): 348 M €, +61 % vs T1 2025 (313 M € en student housing).

At a Glance: Informe Inversión T1 2026
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Whenever you visit our website and/or use its features such as web forms, BNP Paribas Real Estate Spain S.A.U. (“BNPP RE SPAIN”) processes information about you such as personal identifying data including contact details for the purpose of processing the requests that are sent to us via the website https://www.realestate.bnpparibas.es/es, and, in some cases, for marketing purposes including by using cookies. Such information constitutes “personal data”.

For more information about how BNPP RE SPAIN is processing your personal data in this context and an explanation of your rights (including a right of access, rectification and objection to direct marketing as well as, in certain circumstances, a right of erasure, restriction of processing, data portability and a right to object to other forms of processing) and BNP Paribas Real Estate’s obligations in that respect, please consult our data protection page https://data-privacy.realestate.bnpparibas/ and our cookie policy https://www.realestate.bnpparibas.es/en/cookies-policy