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MUNICH

European real estate retains strength in Q3 with Germany in the spotlight, says JLL


  • ​​Preliminary global real estate transaction volumes for Q3 2015 show investment volumes in Europe reached €59.3billion, 24% higher than Q3 2014
  • Germany performed the strongest of all European markets with 79% increase in activity y-o-y

Third quarter European real estate volumes have cemented Europe's position as a 'safe haven' destination for global capital with preliminary numbers from JLL, reaching €59.3billion, a 24% increase on the same time last year (a 4% increase in US$ terms). Year to date, Germany is the strongest performing major European market, with volumes up 46% year-on-year (y-o-y) after a very strong Q3.

"Since the start of 2015, commercial real estate investment in EMEA has remained strong with a 19% increase taking overall volumes to €162billion," said Richard Bloxam, Head of EMEA Capital Markets, JLL. "The region has benefited from investors' increased appetite for safe haven assets combined with plenty of liquidity looking for stable returns and with many deals still on the table we expect this positive, robust momentum to carry through from Q3 to the end of the year."

Germany has been 2015's standout major market with volumes 79% higher y-o-y to €13.5 billion following a particularly strong Q3. UK volumes were slightly weaker by 18% compared to the previous year, yet remain 11% ahead on a year-to-date basis. In France, after a relatively weak second quarter, volumes recovered by 56% in Q3 versus the same period in 2014 to €5.7billion. Elsewhere across Europe, the Nordic region was strong with a 61% year-to-date gain versus last year.

 

EMEA Capital Flows: Q3 2015 Preliminary data

 

EUR mnQ3 2014Q3 2015y-o-y % change2014 ytd2015 ytdy-o-y % change
UK22,14718,100-18%53,86160,02211%
Germany7,52913,45079%21,99732,04946%
France3,6645,70056%15,95713,012-18%
Nordics4,0429,946146%13,40521,63861%
S Europe3,8713,223-17%8,79211,72733%
Benelux1,7973,13775%7,3438,37314%
CEE2,0352,1435%4,8844,572-6%
Russia44064146%1,0281,61357%
Other2,1752,95436%8,4128,5472%
EMEA47,72759,29324%135,680161,55219%

 

-Ends-

Notes to Editors:

The full Global Capital Flows analysis for Q3 can be found on The Investor. The Americas region posted activity 10% ahead of Q3 2014 at US$229 billion. Asia Pacific volumes for the third quarter are 19% lower y-o-y.