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Non-Europeans keener to invest in European property | 6 September 2012

The proportion of non-Europeans investing in European commercial property has reached a five-year high.

New research from CBRE, based on figures from Q2 2012, has indicated that a quarter of the European market is now owned by those living outside of the continent.

The study suggested that investment from North America remains high, but additional interest from Asia, The Middle East and Latin America this year has been crucial to the market’s growth.

In an interview with property-magazine.eu, CBRE head of EMEA capital markets Jonathan Hull claimed that investment from outside of Europe has been a key factor for commercial property prices this year.

He said: “Non-European real estate investors are currently dominating the markets in which they are active. All of the ten largest transactions in London went to foreign investors, with nine of those deals from outside Europe. Cross-regional investors now have a significant influence on pricing in the European market, particularly for the prime product for the prime product that is in demand.”

Non-European investors have typically been targeting larger properties, with their average lot size in the first half of this year reported to be around 79 million euros.

Wsj.com reports that industrial property has been a particularly popular investment in Europe this year, despite their values typically taking longer to recover from the financial crisis than other types of buildings.

Written by Joe Elvin on behalf of Qube Global Software

While posted by Qube Global Software all views expressed are not necessarily those of the company. All facts are verified where possible directly by the author.

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