Euro deals set to slow after steady 2018

Data – European office yields

Investment volumes last year matched 2017’s total, driven by office deals, but overall activity is slowing.

However, the company forecasts that investment activity could slow by as much as 5% by the end of 2019.

Last year’s figure of €241bn (£207bn) was driven by office deals. Total investment in the office sector, which has a 47% market share, grew 4% year on year to €110bn. However, investment volumes in all other sectors fell. Retail investment slumped by 14% and industrial and logistics fell by 11%.

Mike Barnes, an associate in Savills’ European research team, says that uncertainty over Brexit has been a factor in the slowdown, with many European cities also adjusting to the structural changes driven by ecommerce.

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