Market reports

However, on a rolling year basis, the total investment turnover remained stable compared to last quarter. Investors are still cautious and show interest for the most secure assets in the most liquid sectors. Thus, real estate investment is still a two-speed market.

The recovery continued…. at a slower pace though

- On a rolling year basis, Germany, France, Italy and the Nordic countries were the main contributors to the Western European investment recovery compared to the previous year.

- The United Kingdom remained the best performer in Western Europe but its investment turnover decreased between the first nine months of 2011 and the same period in 2010.

- Against the backdrop of a volatile economic recovery, the investment activity is expected to slow from Q4 2011 onwards.

Office premises remained a top favourite

- Up to the end of September 2011, office investment volume grew by 14% compared to the same period in 2010.

- Retail is still an attractive product for investors; its investment volume increased by 7% between the first nine months of 2011 and 2010.

- For the second consecutive quarter, Germany took the lead and outpaced the United Kingdom in terms of retail investment volume.