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European Investments Stabilize, Should Revive

LONDON-Volume is still down compared to last year, but analysts have higher hope for the second half of 2009.

By Allan Saunderson | Updated on September 10, 2009

Allan Saunderson is managing editor of Property Finance Europe and a contributor to GlobeSt.com.

LONDON-Direct investment in commercial real estate in Europe fell strongly in the first half to reach €24 billion, down 42% on H2 2008, but activity probably reached a floor, and is likely to revive in the second half, says Jones Lang LaSalle.

“We believe the European market has now reached a floor in transaction volumes and based upon investor interest we expect an increase in turnover in the second half,” said Tony Horrell, JLL Head of European Capital Markets. Prime office yields were largely stable in Q2 2009 for the first time since mid-2007.

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