This document provides an overview of investment trends in Spain's real estate markets in recent years. It discusses the economic recovery in Spain leading to increased investor interest. It summarizes investment volumes and yields in 2014 for various commercial property sectors - retail, office, hotels, and logistics. Retail investment focused on prime streets and shopping centers in Madrid. Office investment recovered due to economic growth. Hotels performed well due to increased tourism. Logistics picked up from improved private consumption and exports. Overall the recovery has transformed Spain from a no-go area to one of Europe's hottest markets.