Germany and Central Eastern Europe (CEE) reported investment turnover growth across commercial real estate in the first half 2020, despite the effects of COVID-19 in the second quarter, according to Savills latest European Investment Spotlight.
Data from the international real estate adviser shows that Germany was the most resilient country recording a rise of 31 percent in investment transactions compared to the first six months of 2019 which, in terms of volume, translates to €10 billion ($12 billion) additional investment. Other countries reporting investment turnover growth include Luxembourg (173.1 percent), Portugal (42.2 percent), Czech Republic (11.2 percent), Poland (4.6 percent) and Romania (3.2 percent).
At the other end of the spectrum, Ireland (–44.5 percent), Norway (–38 percent) and Italy (–29.5 percent) underwent the strongest investment drops.
Oli Fraser Looen, joint-head of regional in
