Real estate investment volumes hit pre-crisis levels
Commercial real estate activity in the United States and Europe during the first half of the year surpassed the levels seen in the same periods of 2006 and 2007, respectively.
In Europe, the first half of 2015 has witnessed the highest levels of commercial property investment activity in Europe since 2007, according to the European Investment Briefing, a report from Savills. The investment volume across the 16 participating countries totaled almost €102.5 billion ($16.8 billion) in the first half, the highest performing first six months since 2007, and 25 percent up on the same period of 2014.
Savills notes the European investment market is on track to top €230 billion ($262 billion) by the end of this year as commercial property investors continue to favor core markets.
The office sector continued to dominate the investment activity in most countries across Europe, capturing about 39 percent of the transaction volume per country on