Growing demand for retail property
has become the primary driver of the European commercial property market, new research has found. CB Richard Ellis (CBRE) has reported that first-quarter commercial property investment
was 32 per cent higher in 2011 than at the same point of last year.
This, the consultant noted, was driven in particular by increased risk appetite, Reuters reported.
"Throughout the latter part of 2010 and into 2011 the number and type of active investors broadened, and their interest shifted further along the risk curve," John Welham, head of European real estate investment at CBRE, confirmed.
Investment in retail properties accounted for 43 per cent of the total number of transactions in the quarter. CBRE added Germany, Spain, Sweden and Europe's emerging markets looked set to reap the rewards of higher interest in commercial property over the short term.
Indeed, it was recently reported by czechposition.com that an increasing number of Central and Eastern European (CEE) tag are now standing alone as worthwhile investment destinations, with the core markets of Poland, the Czech Republic, Slovakia and Hungary proving popular.
- Wednesday 18 May 2011