This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at La inversión transfronteriza en el mercado inmobiliario terciario en Europa se recupera
Cross-border investment in the tertiary real estate market in Europe recovers
01/09/2009
September 1, 2009
Cross-border investment in the tertiary real estate market in Europe recovered during the second quarter of 2009 and accounted for 52 per cent of the total volume of direct tertiary investment, with the minimum of 27% in the first quarter of 2009. According to the new newsletter of the real estate consultant Jones lang lasalleEuropean capital markets, this points to an increase in the interest of European and international investors.
The increase in the activity of investors from outside Europe was particularly strong (169%). According to Jones Lang LaSalle, direct investment in the tertiary real estate market in Europe amounted to 12 billion euros in the second quarter (a figure similar to the one of the first quarter) and 24 billion in the first half of 2009which represents a decline of 42% compared to the second half of 2008.
During the second quarter of 2009 the total volumes stabilized and an increase in activity in the majority of the European strategic markets was observed. Some of them even recorded a sharp rise in the volume of investment. France was the largest quarterly increase and almost doubled the volume of investment up to 1.2 billion euros. Other large markets that experienced an increase in operations in the second quarter were Italy, Netherlands, Spain and Sweden. Germany and United Kingdom recorded a slight increase. Belgium and central and Eastern Europe were found between the markets less active during the second quarter.
