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 23/07/2013Egi, Sophia Furber - Euro property sales up 31% in H1  

European retail property sales up in H1

 Egi reports that according to Cushman & Wakefield, the pace of European retail property sales increased by 31% during the first six months of 2013 in comparison to the same period last year, with €16.3bn (£14.4bn) of transactions taking place.
Transaction volumes in the second quarter hit €8.2bn, a 14% increase on the same quarter last year.
The UK remains Europe’s largest retail property market with a 32% share.
Germany, France and the Nordics have recorded higher levels of transactions than in Q2 last year, according to Cushman & Wakefield, but previously overlooked markets such as Greece, Ireland and Portugal are starting to see an uptick in investor interest despite challenging economic conditions, as buyers look for new opportunities.
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