Spanish companies invested €3.57bn in leasing equipment and real estate leasing in the first half of 2021, which was up 36.8 per cent on the same period in 2020, according to the Asociación Española de Leasing y Renting (AELR).
A breakdown shows that new equipment leasing (including plant, machinery, equipment, cars, vans, trucks and buses) grew 36.1 per cent against this time last year, to €3.099bn, while new real estate leasing reached €468,3m, 41.7 per cent higher year-on-year.
Regionally, Madrid leasing contracts were signed for €492,9m, down 5.8% on last year, while in Catalonia business volumes reached €811,2m, an increase of 77.7%.
The average duration of contracts in the first six months of this year was 56.6 months, compared to 55.7 months in the same period in 2020.
The delinquency ratio stood at 2.6 per cent for the first half of 2021, which was below the 3.2 per cent recorded last year. Market penetration reached 68.9 per cent this year, lower than the previous year of 75.6 per cent. For June 2021 against June 2020, leasing was €782,1m, up 132.9 per cent, while real estate leasing rose 52.7 per cent in June, to €54,6m.