IPE Real Estate / February 2nd, 2017
IPE Real Estate reports: Investment in London’s commercial real estate market fell 50% in 2016, while Germany became the most active national market in Europe, according to Real Capital Analytics (RCA).
RCA cited the possibility of a drop in tenant demand in London and high prices at a mature stage of the market the cycle as reasons behind a drop in annual investment to €25.2bn.
Nevertheless, London was still Europe’s biggest city market, with almost 20% more investment than nearest rival, Paris.
Tom Leahy, RCA senior director of EMEA analytics, said the UK was “already close to a tipping point in the investment cycle before the Brexit vote, with price growth moderating and investment volumes slowing”.
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