By Graham Lanktree2019-03-08T14:47:00
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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