European Real SnapShot

Current developments in the key real estate markets in Europe

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Transaction volume in investment property across Europe has increased by 7% y-o-y in H1/2013 and has reached approximately EUR 68.9bn according to RCA. Investors’regained confidence in Europe’s real estate markets is mainly based on the increasingly positive economic outlook. Eurostat expects a GDP growth of 1.4% for the coming year, after having experienced a mild recession (-0.1%) in 2013. Offices have been at the top of the real estate investors’ shopping list, accounting for approx. 39% of total transaction volume in H1 2013. Next on the list were retail properties which, having reduced their share by 8% y-o-y to 19%, were only just ahead of residential property which attracted just under 19% of total transaction volume. Industrial attracted 11% of the total transaction volume.

The main investment hotspots in Europe continue to be the UK (Investment volume EUR 20.2bn) and Germany (EUR 17.4bn). Combined, these areas attracted 54.6% of total investment in H1/2013.The 22% y-o-y increase in transaction volume in Germany was significantly influenced by one single major portfolio transaction (Apartment portfolio disposal of GBW by Bayern LB EUR 2.45bn). In the UK the transaction volume changed by +11%, with a lack of supply limiting activity in the London area.

Source : KPMG

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Mots-clés : KPMG