Escalating concerns over the economic impact of Brexit drove the volume of property investment transactions in the United Kingdom, as transactions dropped by 46 percent year-over-year in the second quarter, making it the slowest three-month period for investment since 2012, reported Real Capital Analytics’ (RCA) Europe Capital Trends Q2.
Total investment volume for Europe fell 10 percent year-over-year in the second quarter, compared with a 20 percent decline seen in the first quarter.
Tom Leahy, senior director of EMEA Analytics, noted, “The political process surrounding Brexit is clearly unsettling property investors in the U.K. market, who are becoming increasingly risk averse. But we also saw transaction volumes slow in most major European markets in the first-half of 2019, with the notable exceptions of Spain and Sweden. That slowdown was magnified by the sharp declines
