Publications

- July 1, 2019: Vol. 13, Number 7

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Six-year low for European deals

by Marek Handzel

Slowing economic growth, political uncertainty, high pricing, and the difficulty of sourcing assets have all contributed to European commercial real estate investment transactions sliding to their lowest level in six years in the first quarter of 2019.

Real Capital Analytics’ latest Europe Capital Trends report shows that deals totalling €44.5 billion between January and March were 32 percent down on 2018’s first quarter figures as well as being well below the €71 billion average transaction volume of recent first quarter periods.

Retail activity plummeted to a 10-year low in the first quarter, dropping by 62 percent, year-on-year to €5.1 billion. In the UK, retail transactions registered at their lowest ever recorded level.

In contrast, the apartments sector looks to have established itself as the second largest European property investment market after offices with €7.3 billion of deals. According to Real Capital Analytics, deal volumes in the Euro

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