European commercial real estate investment leveled off in second quarter 2024 after seven quarters of annual declines as a rebound in deal activity for the United Kingdom and some smaller markets offset the continued weakness of the German and French markets, according to the latest Europe Capital Trends report from MSCI.Â
The volume of completed transactions in the second quarter declined 2 percent from a year earlier to €44.0 billion ($47.6 billion), the quarterly report showed. This took property sales activity in the first six months to €82.3 billion ($89.0 billion) — 10 percent less than in first half 2023. Â
“It’s too soon to start celebrating, even if the worst of the downturn since mid-2022 may be behind us,â€
