By Tom Leahy on January 27th, 2020
Germany registered the strongest quarter of commercial property deal activity for any European country ever at the close of 2019, according to preliminary Real Capital Analytics data. Investors spent nearly €34 billion ($37.4 billion) on German commercial property in the last three months of the year, pushing annual investment volume above €75 billion for the first time.
In France too, preliminary data shows that annual transaction activity reached a record high. Deal volume exceeded €40 billion for the first time and Paris became the number one market in Europe for the year.
After a slow start to 2019, deal activity in the second half of the year was boosted in part by the revised outlook for ECB interest rates, which investors now expect to be held lower for longer. RCA’s upcoming Europe Capital Trends report will examine 2019 deal activity and pricing shifts in depth.
Also on RCA Insights: