Paris has overtaken London as Europe’s number one commercial property market, according to preliminary data from Real Capital Analytics.
Transaction volume in Paris’ office sector also topped London’s total.
London’s downgrade is also reflected in the wider U.K. market, where volume for the first three quarters of 2019 has fallen by close to 30 percent year-over-year. This puts the United Kingdom in second place behind Germany in the list of most active countries. Investment volume fell in Germany too during the first three quarters of the year, but by a smaller margin.
