Non-European investors boost European property activity
DTZ’s latest European Investment Market Update points to a slight rise in property activity through the second quarter of 2012, particularly involving overseas investors into the UK, French and German markets.
DTZ said that total property activity tracked for its research rose by 4% over the period to €25.4bn, which took first half volumes to €50bn – in line with the €52bn figure recorded for the same period in 2011.
Magali Marton, Head of DTZ CEMEA Research, said: “Close to three quarters of investment transactions took place in Europe’s three largest markets – the UK, France and Germany, as volumes totalled €18.7bn. Typically these three markets account on average for 60% of total European activity. This shift is a clear sign that investors are very much focused on the perceived safety of these large and liquid markets. Both France (up 114% to €4.2bn) and the UK (up 25% to €10.4bn) posted growth in volumes. In Germany, volumes were down 17% to €4.1bn reflecting weaker activity in the office sector.
To read the full report click here: DTZ Investment Market Update