MarketWatch / February 3rd, 2017
MarketWatch reports: Germany has unseated the U.K. as the most active commercial real-estate market in Europe, reflecting greater caution toward Britain after it voted to leave the European Union.
Britain had held the top spot for the previous decade.
Nearly EUR59 billion ($63.5 billion) of commercial property was traded in Germany last year, compared to around EUR57 billion in the U.K., according to data-tracker Real Capital Analytics.
The Brexit vote in June caused a level of caginess among investors who were already wary of high U.K. prices after a multiyear property boom. U.K. deal volume fell 43% in 2016 compared to the year earlier, Real Capital data show.
View the full article on MarketWatch: Germany Takes U.K.’s Commercial Real-Estate Crown.