The total volume of investment for Europe surpassed 97.000 million euro, 5% below the numbers yoy , but still 42% above the average of the last 10 years. Half this investment volume concerns foreign capital.
Holland and Poland stood out, with an annual growth of 176% and 100%, respectively, followed by Ireland, with a 94% increase and by Portugal.
Although the volume of investment for the first semester of 2018 is slightly below that of 2017 in the United Kingdom (-9%) and in Germany (-7%), in France it increased 27% yoy due to the presidential elections. The urban developments in terms of infrasctructure needed for the Grand Paris project and for the Olympic Games of 2024, as well as the more favorable political climate, are positive indicators which attract investors to France, in particular to Paris.
The demand in the office sector remains high and this will keep being the favorite sector for investors during the next 12 months according to the consultant. The rates of availability remain extremely low in all the main European cities (Lisbon and Porto are no exceptions) and the terrains are still enough to meet the demand. The average yield for non CBD offices is currently at 4.9%, below the average for offices in secondary CBD areas (5%), reflecting the investors’ strong demand for first class assets, also outside CBD areas. The logistic demand, however, should keep growing significantly.