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Cross-Border Investment In Europe Slumps, Says JLL

LONDON-Cross-border investment in Europe fell 40% year-on-year during the first half of 2001, according to new research from Jones Lang LaSalle. The broker says this provides further evidence of the slowdown in Europe's real estate markets.

By Graham Parker | Updated on November 01, 2001

LONDON-Cross-border investment activity in Europe totalled €6.6 billion ($5.95 billion) during the first half of 2001, showing a 40% fall in turnover on the same period last year, according to a new report by Jones Lang LaSalle.

JLL said this is further evidence of the slowdown in European real estate markets, and it is highly unlikely that turnover for the full year will match the 2000 total of €19 billion ($17.1 billion).

Some markets have performed more strongly than others, and the UK has regained the number one position as the favourite destination for international capital, replacing France. In the first half of the year the UK saw €2.5 billion ($2.25 billion) invested–44% of the entire European market–and is one of the few markets likely to exceed its 2000 total turnover.

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