Germany and Secondary Markets Drive Strong Q1 Growth in European CRE Activity
Globe St reports: Despite the resurfacing of significant sovereign debt issues in Europe during the first quarter of 2011, commercial real estate posted solid year-over-year growth on the Continent – in stable markets such as Germany and France – as well as in the UK, where cross-border buyers have bolstered local demand for properties. According to Real Capital Analytics’ (RCA) First Quarter in Review edition of Europe Capital Trends, transaction volume across Europe grew by 40% year-over-year in the first quarter to reach $47.3 billion.
Of the first quarter results, Joseph Kelly, director of market analysis based in RCA’s London office, remarked that, “A renewed focus of continental and global cross-border capital on German and key central European markets should continue to develop, though recent investment trends in Europe clearly identify robust core and struggling peripheral markets. The responsible economic divide is likely to act as a drag on the wider European economy for some time to come and further challenge monetary policy within the Euro zone.”
View the full article on Globe St: Germany and Secondary Markets Drive Strong Q1 Growth in European CRE Activity
Articles related to this topic:
Turkey Shines for Cross-Border Commercial Property Investors
US Commercial Property Sales Post YOY Growth on Strong Office, Hotel Sales
Silicon Valley Emerges as Significant Secondary Market
Commercial Property Pricing Slides in February, Nears Cycle's Relative-Low
Cross-Border Acquisitions Spill into Germany - UK and France Remain Top Targets
Cross-Border Buyers Flocking Back to Attractive US Property Market
Encouraging Q1 Numbers Signal Solid Start to 2011
Posted by: Nina Turner