Over the course of the three quarters of 2016, investments in commercial real estate in Europe dropped by 29%, down to 129 billion euro, the press release published by Knight Frank states.
“In the first quarter of 2016, an amount of investments in European commercial real estate totaled 37,1 billion euro, what became the minimal value since the first quarter of 2014,” the document says. In comparison with the third quarter of 2015, a decline amounted to 40,2%.
A decline in investment amounts can be attributed to a decrease in players’ activity on three key markets – the UK, Germany and France. According to the document, as for the UK, it was a referendum on the EU membership that caused a slump of investments market.