By Tom Leahy on October 23rd, 2019
Paris has overtaken London as Europe’s #1 commercial property market, preliminary Real Capital Analytics data shows. The U.K. had already lost its status as the largest European country for investment activity to Germany in 2016, but until this year London had held on to its position as the top market.
London’s downgrade is also reflected in the wider U.K. market, where volume for the first three quarters of 2019 has fallen by close to 30% year-over-year. This puts the U.K. in second place behind Germany in the list of most active countries. Investment volume fell in Germany too during the first three quarters of the year, but by a smaller margin.
Read RCA’s upcoming Europe Capital Trends report for the full investment activity results and analysis of the drivers behind these headlines.
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