UK continues as the main destination of investment in the European market, although, as stated by the company, Germany could surpass it in volume by the end of the year.
In the last Savills’ report about investment in Europe, Germany is the main destination with €13,800 million during the second quarter of 2017. In total, in the first semester the number reached 26,000 million, 41% of year-on-year increase, which shows that Brexit has marked its status of “safe haven”, favored by risk-averse investors, whom prefer a political scenario less volatile and willing to pay the 50-75 basis points of difference for income security. Savills predicts that Germany will get a record volume superior to €60,000 million traded.
Alice Marwick, analyst for Europe in Savills, refers that “the investment volume in Germany is 29% higher than in the second half of the year in comparison with the increase of 11% in UK, therefore it is likely that Germany surpasses the United Kingdom in 2017.”