LONDON-North American and Middle East investors are the major drivers of increased activity in the European commercial real estate market and buyers from outside the region account for more than a quarter of all transactions in the first half of 2013, according to the latest data from CBRE Group, Inc.
The total value of commercial real estate investment activity in Europe continued to grow in Q2 2013 at 6% higher than the total for Q1 2013. The $42.4 billion (€32.6B) recorded during the quarter shows a 22% increase over the same quarter last year and is the highest Q2 total since 2007.
The level of cross-border investment in Europe continues to increase, in absolute terms and as a proportion of the market as a whole. Over the first half of 2013, foreign buyers accounted for 44% of all transactions (by value) compared to 40% in the second half of 2012.
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David Phillips
David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.
