The number of offices sold in Europe slumped to its lowest level on record in the first three months of 2023, according to MSCI Real Assets data.
The number of offices sold — Europe’s largest real estate sector — fell to its lowest on record, while the volume of transactions slumped to a 13-year low of 10.8 billion euros . The United Kingdom kept its top spot as Europe’s largest commercial real estate market, but Paris overtook London to become the region’s most active investment destination, with the three largest European property deals of the first quarter all taking place in the French capital.
A recent JPMorgan investor survey cited commercial real estate as the most likely cause of the next financial crisis. Some of the largest banks in the United States have singled out commercial real estate as an area of concern, while European banks have less direct exposure to the sector, according to International Monetary Fund estimates.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
2023 Chevrolet Tahoe vs 2023 GMC Yukon: Pros and Cons of Each SUVThese three-row SUVs share a platform, but they’re not as similar as you'd think. Which one deserves your dollars?
Read more »
Real Pod Wednesdays: Previewing Ohio State’s 2023 NFL DraftReal Pod Wednesdays: C.J. Stroud’s play at Ohio State showed there’s no reason to worry about his ability to read defenses and we project where each Buckeye will get drafted.
Read more »
Houston County real estate transfers April 17-20, 2023Seller, buyer, property location, total purchase price, date
Read more »
2023 Hyundai Ioniq 6 Makes the Case for Sedan ViabilityModular all-electric platforms make an argument for more polarizing shapes.
Read more »
Polygon (MATIC) Records Largest Token Shift by Whales on Network in 2023Millions of Polygon (MATIC) shifted to exchange in second largest spike of 2023 MaticNetwork MATIC $MATIC PolygonCommunity PolygonMatic
Read more »