European commercial real estate had the busiest quarter in two years for investment activity in the final three months of 2024 to end a patchy year of recovery for the market, according to MSCI’s latest quarterly Europe Capital Trends report. While the British, Swedish and Dutch markets appear to have turned a corner, lackluster growth and political uncertainty held back investment in France and Germany, and negative sentiment overshadowed Europe’s office sector.
Property sales completed in the fourth quarter totaled €55.6 billion ($57.7 billion), an 11 percent increase from the same period a year earlier, the report showed. This took transaction volumes for the year to 188.8 billion, up 4 percent on the deal activity for 2023.
“The mood in the market is on the cautious side of optimistic, even though investment volumes have bottomed out and the correction in pricing appears to have run its course in the most liquid market
