Property Investments in Europe Fall by 40% in Q2

Investments in European real estate amounted to €43 billion in the second quarter of 2020, which is 39% less than in the same period last year, according to the CBRE consulting company.

In the first half of the year, the volume of investments in real estate in Europe increased by 2% compared to the first half of 2019 – up to €129 billion, the company said.

« While investment volumes in the second quarter declined significantly due to the impact of the coronavirus pandemic, they reached record highs in the first quarter, comparable to the indicator of 2019, thanks to a series of major deals in Germany, the UK and Scandinavia, » it says.

Warehousing and rental housing outperformed others compared to other market segments, the company said, as investors sought stable income streams amid increased economic uncertainty. According to CBRE estimates, in the first half of the year, investment in the rental housing segment reached €33 billion, an increase of 37%, in warehouse real estate – €15 billion, adding 5%.

Since the beginning of the year, the volume of transactions in office real estate amounted to €41 billion, which is 16% lower than in the first half of 2019. The volume of investments in the segment of retail real estate decreased by 25% in the second quarter, but increased by 16% in the first half of the year due to the high performance of the first quarter, the message added.


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