German and French investors are on track to allocate more capital to real estate than last year in a number of European countries, according to Savills.
Between January 2020 and September 2020, German investors invested more than €1.4 billion ($1.65 billion) into Spanish commercial property, an increase of 77 percent on last year’s total volume (€800 million/$943 Million). During the same period of time, more than €1.89 billion ($2.23 billion) was invested into the United Kingdom (compared with €1.9 billion/$2.24 billion for the whole of 2019) and more than €850 million ($1 Billion) into Italian real estate (79 percent of last year’s total of €1 billion/$1.18 billion). If investment in the final quarter of the year holds pace, year-end totals could well surpass last year’s totals in both countries.
Similarly, French investors have already allocated €2.45 billion ($2.89 billion) to German and €326 million ($384 million) to Irish real estate, compar