By Tom Leahy on July 22nd, 2020
Germany eclipsed other major European markets in the first half of 2020 as a handful of apartment megadeals flattered deal volume levels and thwarted the pall that the Covid-19 crisis has cast elsewhere.
According to preliminary Real Capital Analytics data, transaction volume in Germany for the first six months of 2020 is almost 10% ahead of the level a year ago. France, Sweden and the Netherlands all fell compared to H1 2019. The U.K. also dropped, despite the boost from Blackstone’s multibillion-pound acquisition of the iQ student housing portfolio.
While deal volume in Germany is up, the deal count is about 25% below the levels of H1 2019, preliminary data shows. In the U.K., the deal count is down more than 40% and for Europe overall the count is around one-third lower.
Data analysis by Beatrice Ginieis.
RCA will publish the Q2 2020 edition of Europe Capital Trends on July 29th. This report examines pricing and deal activity trends for all the major property types and markets and discusses the outlook for European commercial real estate amidst the ongoing coronavirus crisis.
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