French GDP has remained unchanged for the past three quarters and some indicators point to a deteriorating business environment.
Prime office CBD rental values remained stable in Q2, despite weaker demand. Industrial take-up was weak in Q2, despite higher activity in the regional markets.
Investment transaction volumes in Q2 recovered and doubled from (an exceptionally low) Q1 to EUR4.2bn, supported by some large acquisitions by sovereign wealth funds.
Source : AXA Real Estate