Europe

MarketView: European Capital Markets

Q2 2009

The first half of 2009 has been an
exceptionally quiet period in terms of
the total value of commercial property
investments traded in Europe. However,
it is possible to take some positives
from the trends seen.
It was clear that investor interest – at
least in Western Europe – was turning
up towards the end of that period, and
was beginning to be reflected in higher
transaction levels in the last few weeks
of the second quarter.
The trend in prices also seems to be
stabilising, with prime yields showing
little change quarter-on-quarter at the
end of Q2. However, as the effects of
the recession are further reflected in the
occupier market, falling rental values
mean that capital values are still
declining.

Author(s): several

Source: CB Richard Ellis

Published: 03.09.2009