RCA Insights

Germany Bests U.K. in Fourth Quarter: RCA

By on January 28th, 2019

Germany’s commercial property market had its strongest ever quarter at the end of 2018 while U.K. activity slipped to its lowest level since 2016, according to Real Capital Analytics data.

Germany has been a beneficiary of the ongoing ambiguity regarding the nature of the U.K.’s exit from the European Union, and more than €24.7 billion ($28.3 billion) of deals completed in the last three months of 2018, RCA figures show.

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In the U.K., by contrast, just over €14 billion was spent by property investors between October and December. The fourth quarter is typically the busiest time of the year for deals, but Q4’18 was the slowest quarter of 2018 and the quietest end to a year since 2012.

Brexit uncertainty and ongoing retail sector woes are factors in the U.K.’s weakness. The fourth quarter of 2018 was the second-slowest quarter ever for retail property investment in the U.K.

Real Capital Analytics will report on the contrasts between the U.K. and German property markets and investment patterns across Europe in the next edition of Europe Capital Trends, which will be published January 30. If you are interested to learn more about RCA publications, data and tools, contact us

Tom Leahy

Tom Leahy

Senior Director, EMEA Analytics

Tom Leahy joined RCA in 2014. In his role as Senior Director for the EMEA region, Tom is responsible for the development and expansion of the market analytics service for RCA’s European clients.

Prior to joining RCA, Tom was an Associate Director and then Head of Research at UK-based property consultancy, Lambert Smith Hampton. He started his career as an analyst at research consultancy Property Market Analysis (PMA).