Europe to break record but the deals stay local
The Q3 2015 investment volume numbers are now in from the people who count these things and — despite a supposed shortage of properties to buy — commercial real estate transaction activity across Europe this year is on track to break the previous record, set in 2007. The property brokers and consultants count things differently so that they vary on the absolute numbers but they agree that year-on-year and year-to-date activity in Q3 2015, respectively, was up substantially — by 16 percent on the first measure, according to Cushman & Wakefield; by 20 percent on the second, says Savills — and that this will feed through to record investment volumes for the full year.
Records have already been broken. Cushman & Wakefield puts the rolling annual investment volume in Q3 2015 at €237.8 billion, the highest level on record and surpassing the previous high of €234.6 billion set in Q3 2007.
Magali Marton, research director at Cushman & Wakefield, says th