2015 on course for new record
During the first half of 2015, 5,462 properties were sold across Europe, totalling €133.8 billion in property sales. Europe is well on its way to surpassing the total amount in sales completed in 2014, which stood at €222.5 billion. Thus far this year, the two quarters are averaging €66.9 billion in sales volume per quarter.
There was a slight decrease in sales volume during the second quarter, totalling €64.8 billion; however, there was an increase in the number of properties sold (2,918) during Q2 2015 compared to the completed deals in the first quarter (€69 billion in sales and 2,544 properties).
The United Kingdom continued to be the prime location for investors’ capital, specifically in London, which in the last three consecutive quarters had the highest transaction volume.
London continues to be a market that investors are willing to pay top rate for despite the stiff competition and the growing secondary markets of the United Kingdom. During