Paris is the most popular city in Europe for commercial property investment | 15 March 2012
Paris is the most popular city in Europe in which to invest in commercial property.
That’s according to figures released by CB Richard Ellis which indicate that 7.9 billion euros was spent on commercial property investments in the second half of 2011 – more than 10 per cent of the whole of Europe.
The French capital overtook London as the most popular city for commercial property investment after a huge improvement during the second half of the year. Just 3.6 billion euros was spent invested in Paris buildings during the first half of the year.
Antoine Derville, who is the president of CBRE Capital Markets in France, was unsurprised at the dramatic improvement.
Speaking to cbre.co.uk, he said: “The Paris region in particular saw a strong boost in investment turnover at the end of the year, which is partly attributable to fiscal reasons, but also to the increase in product, indicating that when good quality investment comes to the market there is no shortage of buyers at the prime end of the market.”
Pie-mag.com that Germany also proved to be a hot-spot for commercial property investment in the second half of last year. Munich, Frankfurt and Berlin all appeared in the list of top 10 investment spots during this period.
Written by Joe 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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