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European property transactions up 12%



Country:  France; Spain

14 July 2009

Around £11bn was spent on all European property transactions in Q2 of this year, up 12% from the previous quarter, according to CB Richard Ellis (CBRE).

CBRE report that property in Paris, property in Barcelona, Madrid, and London, had attracted the greatest level of property investor interest.

“What the second quarter's activity clearly reflects is that those markets that have seen greatest price corrections are seeing most transaction activity," Michael Haddock, director of EMEA Capital Markets Research told Reuters.

"This is particularly true of Spain and the UK, where investors have been attracted to the markets by a perception that they now offer good value," he added.

Stabile property yields has been cited as one of the main reasons for the increase in property investment activity levels, with the CBRE EU-15 all-property average prime yield having risen to 6.13% in Q2.


See Also:   Barcelona, Europe, London, Madrid, Marc Da-Silva, Overseas property investment news, Paris


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