By Tom Leahy on October 31st, 2017
European commercial property investment volume grew in the third quarter, registering the first year-over-year increase in activity since 2015, the new edition of Europe Capital Trends shows. Europe’s 4% uptick was driven by a jump in deal activity in the U.K., which benefited from a cluster of large London deals by cross-border buyers.
London is by far the largest market in Europe, and for the first nine months of 2017 transaction volume was greater than the next three markets of Paris, Berlin and Frankfurt combined. Paris has been in the doldrums, with activity so far in 2017 down 43% versus the same period a year earlier.
Retail was the worst performer of the income-producing sectors in the third quarter, registering a 36% year-over-year decline. The industrial sector was the best. A handful of giant transactions bolstered the office sector, though the number of deals declined compared with a year ago.
If you are a current RCA subscriber log into your account to download the Q3’17 edition of Europe Capital Trends.