European real estate market sees increasing transaction activity in 2015
Commercial real estate transaction momentum from the first quarter has continued as European sales volume approaches 2007 levels, according to DTZ, which hosted a webcast July 23 to discuss the European investment market for second quarter 2015 and beyond. The webcast was hosted by Magali Marton, head of EMEA research at DTZ, and Nigel Almond, head of capital markets research at DTZ.
Marton and Almond point out that sellers in Europe have been more active recently. There was strong activity in the European periphery and Nordic markets. The countries in the Nordic region experienced transaction volume growth of 60 percent to 70 percent. Ireland experienced transaction volume growth of 48 percent, while Spain also nearly doubled its sales volume.
Two-thirds of European commercial real estate transactions occurred in the United Kingdom and Germany, made up 67 percent of total European investments in the 12 month period ending in second quarter 2015, with investme