European commercial property sales declined in the second quarter, according to new data.
New data has indicated that sales of European commercial property
fell slightly in the second quarter of the year, although some individual countries showed more strength than others.
According to the Financial Times, a survey from Real Capital Analytics revealed property investment
across the continent stumbled to €28.2 billion (£24.6 billion) in the three months to June, leaving it largely unchanged from the same point in 2010.
While the UK saw transactions totalling €17.4 billion, there were sharp declines in Greece, Ireland, Portugal and Spain - all of which have been burdened by fiscal concerns in recent months.
"As volume dropped in the second quarter, the real growth story in Europe was playing out in Germany and Scandinavia," the report observed. "Yields across major markets in the US and Asia [were] also remarkably stable."
Last week, a Royal Institute of Chartered Surveyors study suggested the global commercial property market had remained robust in Q2.
Posted by Frank Wilbon