Property sales decrease in Q3 2015
While European property transaction activity slowed slightly during the third quarter compared with the first two quarters of the year, the year-to-date volume is still up approximately 30 percent compared to the same time in 2014.
During the third quarter of 2015, 2,345 properties were sold across Europe, for a total of €60.1 billion in property sales. This was a decrease compared to the completed sales totals for the second quarter and first quarter, €68 billion and €72.6 billion, respectively; however, it is thought that 2015 will end up surpassing the 2014 sales transaction volume, which stands at €224.9 billion.
The United Kingdom continues to be the prime location in Europe for investors’ capital; London recorded the highest sales total for the third quarter, €8.6 billion. Although this was a decrease compared to the previous quarters, €17.6 billion for Q2 2015 and €11.9 billion for Q1 2015, the London market already has surpassed 2014’s 12-mont