All asset categories decreased until June, except hotels, which increased around 26% and reached 10.200 million euro. An increase motivated by several important operations which included portfolios in Italy, France and the Czech Republic.
On the other hand, the greatest fall was generated by retail, with 31% less yoy, which represented a total investment of 16.400 million euro. These numbers are much below the average, which, according to BNP Paribas Real Estate symbolizes a decrease in terms of enthusiasm from investors for this type of assets.
Logistics had a 16% decrease, with an investment of 13.100 million euro, while the office segment decreased 6% with 47.000 million euro in investment. This moderate decrease is due to the important operations which were carried out in France and Germany.
By countries, Germany leads investment with 24.000 million euro and 6% less yoy. It is followed by the United Kingdom with an investment of 22.100 million euro, a drastic 33% decrease motivated by the uncertainty generated by Brexit.
On a different note, Spain is one of the few European countries which had a yoy increase, 88% more during the first semester.