By Tom Leahy on July 22nd, 2019
The poor performance of the retail commercial property market in the U.K. is not mirrored across all European countries. In the U.K., retail investment for 2018 was only 70% of that market’s long-term annual average. In Poland, by contrast, retail transaction volume was almost twice its annual average last year, according to RCA data.
A comparison between commercial retail property investment and consumer online spending take-up indicates a relationship. Broadly, countries with higher rates of their population spending online show weaker retail property investment volumes. This relationship is one demonstration of how the ongoing shift away from bricks-and-mortar retail is having a direct impact on commercial property market trends.
The next edition of Europe Capital Trends will be published July 31, analyzing activity across the major property types in the first half of 2019.
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