Discover our Pan European market reports

After a torrid two years for European commercial real estate (CRE), when annual transaction volumes halved in almost all markets, we are beginning to see the light at the end of the tunnel.

€143bn were invested in commercial real estate over the 12 months to Q2 2024, which represents a 25 % decrease compared to Q2 2023.

The global economy has proved resilient in the face of strong economic headwinds.
We expect global GDP to grow by 2.9% p.a. in 2024 and 2025.
Rising real incomes and lower interest rates will support a recovery in Eurozone economic activity.

With a global reset in financial conditions, no country can escape consequences, no matter how large the domestic market is. More so these days for Europe given the international nature of real estate investment.

€32.7bn were invested in Europe over Q1 2024 which represents a 10% decrease versus Q1 2023. This is the lowest level for a Q1 since 2011

The real estate cycle that began with the GFC in 2008 explicitly came to an end in 2023. What was notable about the end to this cycle was its elongated nature: drawing the cycle to a close took an entire year.