Investment in commercial properties in Europe rose in the third quarter of the year

On an annual basis, however, a slower growth in deposits is reported, according to the global consultants

Investment in commercial real estate in Europe rose with 12 % which is about 7.1 billion euro in the third quarter compared to the second quarter of the year, according to the consulting firm CBRE, quoted by the online edition PropertyEU.info.

Compared to the third quarter of 2011, however, investments in commercial properties in Europe are with 18% less. There was a decrease in the average level of investment in the third quarter of the last three years, experts say.

Increased activity of investors in the period July-September was observed in the UK and the Benelux countries.

On the Island during the third quarter 17 large deals in the commercial segment were signed, while in Belgium, the Netherlands and Luxembourg investment volumes recovered after weakness in the previous quarter, mainly due to a number of significant transactions in Belgium and the Netherlands.

Investors have focused their activities on main markets in Europe and avoid risks that accompany investments in southern European countries. At the periphery of the continent investments in commercial real estate continues to shrink mainly in Italy, Spain and Portugal. For the quarter volumes of 200 million were reported.

Over the past few years growth in investment in commercial properties in Poland and Germany is observed. In 2012 this trend abated due to lack of quality and risk assets in both markets.

As a whole, in the European market the main problem for investors in commercial property is the lack of quality product, state the consultants.