Investors expand across Europe
European property sales totalled nearly €51.2 billion in the second quarter of the year, according to data from Real Capital Analytics, which tracks properties and portfolios greater than $10 million (€7.6 million).
The United Kingdom had the most activity, with transaction volume of €15.3 billion in the second quarter of 2014, up 36 percent from €11.2 billion in the same period of 2013. Nearly half, at €6.9 billion, was transacted in London, with €8.4 billion changing hands in the UK regions. While UK transaction volume overall was up, RCA notes that transaction volume in London was down 6 percent, as investors turned toward regional locations.
Investors also turned their attention toward France, which saw €8.7 billion in investment volume in the second quarter of 2014, an increase of 64 percent from €5.3 billion in the second quarter of the year before. Much of th