Active real estate investors are currently considering Spain as
the top investment target for next year, due to the fact values
still considered below peak.

This is considered by many people to be a sign of recovery in
the Spanish market, with Germany following close behind, according
to new information from commercial property firm Knight Frank.

Humphrey White, head of Capital Markets at Knight Frank Spain,
said:

'The fundamental rationale behind investing in Spain is even
stronger than this time last year. Prime CBD office rents have
risen by 20% over the past 12 months, but remain nearly 40% below
the 2008 peak, and both footfall and sales have been increasing in
dominant shopping centres for six consecutive quarters,'

25.4 per cent chose Germany as their preferred target, with
Knight Frank noting that the results mirrored the buoyant
investment activity seen in the country recently.  A total of
30bn Euros was invested in property during the first half of 2015,
an increase of 35 per cent compared to the first half of 2014.

The increase is driven by the rising flow of foreign capital
into the country and the 50 per cent increase of domestic investor
activity.

The UK continued to feature strongly in this year's poll,
attracting 17.4 per cent of the votes, on the back of continuous
recovery across Europe now extending to the area.

Chris Bell, managing director of Europe at Knight Frank,
said:

'The UK is well ahead of the rest of Europe in terms of the
property cycle and has already seen significant yield
compression,'

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