Demand for retail premises is driving growth in the European commercial property sector, a new survey has found.
Sustained demand for retail property has become the primary driver of the European commercial property
market with continental Europe the main beneficiary, according to a new study.
According to research from consultancy firm CB Richard Ellis (CBRE), first-quarter commercial property investment
was 32 per cent higher in 2011 than at the same point of last year, boosted by increased risk appetite.
"Throughout the latter part of 2010 and into 2011 the number and type of active investors broadened, and their interest shifted further along the risk curve," said CBRE's head of European real estate investment John Welham in a statement.
Mr Welham added that Germany, Spain, Sweden and Europe's emerging markets looked set to reap the rewards of higher interest in commercial property over the short term.
The report came after real estate agent Jones Lang LaSalle claimed in a recent survey that foreign investors were helping to sustain growth in UK commercial property sales, with London attracting the lion's share of buyers.
Posted by Beverley Taylor