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Market report

European Offices - May 2015

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The European economy has entered a path of recovery with GDP forecasted to achieve the highest rate of expansion since 2011 at 1.7%. Falling oil prices should aid certain business segments while low inflation is helping household budgets.

Take-up volume in Q1 2015 was similar to the same period last year at about 1.9m sq m. Letting activity is being restrained by the lack of availability of large, high specification office space in the best locations, leading to lower take-up in some cities at the beginning of the year.

Source : Savills

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Keywords : Savills