Commercial property changed hands for a total of more than €26bn in the first half of the year (Graph 1, Tab. 1). Only in 2007 has there been higher investment in the first half year.
While the number of transactions actually declined slightly, the average transaction volume increased further, which was partly driven by portfolio activity (Graphs 2 and 3). More than half of the overall transaction volume from the last twelve months was attributable to deals over €100m (Graph 4).
Although the market remains dominated by significant excess demand, the supply is beginning to increase somewhat. Owing to the prolonged cycle and some enormous increases in capital values, disposals of (individual) properties now appear attractive even to long-term investors.
Source : Savills