Madrid and Paris CBD are the most attractively priced European office markets, according to Savills. The international real estate adviser believes this is due to positive real rental growth prospects, and a reduction in risk-free rates, increasing prime offices’ appeal.
On a quarterly basis, the company says that average European prime office yields have moved in by an average of 3 basis points to 4.89 percent. The inward movement was driven by London’s West End (down 25 basis points to 3.75 percent), Vienna (down 15 basis points to 4.85 percent) and Brussels (down 5 basis points to 4.75 percent).
Contrary to what some observers might have expected given the current economic landscape, we are seeing continued motivation amongst both buyers and sellers in the European real estate market,” said James
