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Investments in Europe’s commercial estate drop by 17%

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Investments in Europe’s commercial estate drop by 17%

In the first quarter of the year, investments in commercial real estate in Europe dropped by 17% compared with a similar period of last year – up to 106,72 bln euro, CBRE source told RIA Novosti on Wednesday.

“In the second quarter of 2016, the volume of investments totaled 54 bln euro, 2,5% higher than the indicator of the first quarter of 2016 and 30,4% higher than an average indicator over the course of the last 10 years”, - says the press release.

The best quarterly figures were recorded in the segment of office real estate: the growth amounted to 8,3% compared with the first quarter of 2016, was first of all due to high activity in the countries of Scandinavia.

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