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European real estate Q2 transactions slide to lowest level in six years during COVID-19
Research - AUGUST 13, 2020

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European real estate Q2 transactions slide to lowest level in six years during COVID-19

by Andrea Zander

The volume of European commercial real estate investment transactions plunged to the lowest three-month level since 2014 in the second quarter of this year, as the COVID-19 pandemic and associated lockdowns took a grip on markets, but the completion of a handful of large deals in the period, notably in Germany, still underpinned activity relative to other global regions, according to Real Capital Analytics’ (RCA) European Capital Trends Q2 2020 report.

Tom Leahy, senior director EMEA Analytics at RCA, said, “In some respects the pandemic could be the perfect storm for real estate. Physical restrictions prevent property viewings and the potential economic fallout provides enough uncertainty to limit dealmaking when property prices are at record levels in many markets. However, volumes across Europe have held up much better than some other markets in North America and Asia Pacific.”

Total European investment volume was €50.1 billion ($59.26 billion) in t

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