European commercial property market predicted to improve | 13 September 2011
The European commercial property market will end the year with higher volumes than 2010, predicts Savills.
The international real estate advisor has revealed that the first half of the year produced a 7.9 per cent increase in activity throughout Europe in its latest ‘European Investment Bulletin’.
According to propertyeu.info, Germany, France, the United Kingdom, Sweden and the Netherlands were responsible for 80 per cent of investment volumes during this period.
Despite predicting a slight downturn throughout Europe during the rest of the year, Savills’ European research director, Lydia Brissy, claimed that the markets of many of these countries would continue to prosper.
In an interview with norwaynews.com, she detailed the importance of local investors in the majority of these countries.
She said: “The traditional key markets of the UK, Germany and France continue to dominate the investment market in terms of transaction volumes but several smaller markets are starting to pick up, such as Norway and Hungary.
“Domestic investors still dominate a number of European markets such as Sweden and particularly France, where local players accounted for nearly 80 per cent of total activity in the first quarter of this year.”
Written by Jo Elvin on behalf of Qube Global Software
While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.
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