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News
| Brokers see 2009 investment volume reaching EUR 60-80b |
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Monday, Dec 07, 2009 |
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The total volume of European real estate investment volume in 2009 will range between EUR 60-80 bn, according to a group of international brokers polled by PropertyEU.
David Hutchings of Cushman & Wakefield is the most optimistic, estimating the total for the year at EUR 75-80 bn. 'However, it has to be said that with the investment market firming, negotiations can be tough, and it would be no surprise if some of these deals are not finalised until Q1 next year,' he said.
Michael Haddock of CB Richard Ellis is the most conservative, forecasting a total of about EUR 60 bn. Volumes have been growing steadily per quarter but, he said, the improvement is largely concentrated in the prime segment of the market where there is a limited amount of product available.
Andrew Smith of Stockholm-based Catella estimates a total volume of EUR 65 bn for 2009, adding that core to core-plus office and retail were the best performing asset classes across France, Finland, Norway and Belgium while the UK, Ireland and the Baltics were the worst performer across all segments. |
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Source:
Propertyeu.info
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