In the first quarter of 2017, investments in commercial property in Europe have increased by 12% compared with the same period last year and amounted to 38.9 billion euro, as it follows from a report by CBRE.
According to the company’s press release, the total investment in the whole of Europe, including the United Kingdom, amounted to 53.9 billion euro, compared with 54.7 billion euro in the same period last year.
The best figures were recorded in Germany (growth of 49%, up to 12.6 billion euro). In the UK the volume of investments has decreased by 25% (18% in pounds sterling), however, it remains the largest in Europe and amounts to 15 billion euros, the report said.
As previously reported by the company, in the first quarter of 2017, the share of foreign investment in Russian commercial real estate reached 22% ($700 million), a fourfold increase compared to the same period last year 4 times.
