New data from CBRE has revealed that even though the UK saw a decline in commercial property activity in the second quarter of 2013, overall figures across Europe seem to have rised.
The figures revealed that the continent saw 31.1 billion euros being ploughed into the market. Not only is this an overall 13 per cent increase on the same quarter in 2012, but it is the third quarter in a row in which the European market has seen growth.
The UK actually saw investment activity fall by 6.5 per cent over the year. The report highlighted that 28.4 billion euros had been invested in Germany across the year, a rise of 36 per cent over the 12 months, while Sweden and Norway also performed very well.
Ireland, Spain, Italy and Portugal showed signs of recovery, among the nations hardest hit by the global financial crisis. In total, all four countries contributed 2.5 billion euros in the second quarter; an increase of one billion euros from this time last year.
Jonathan Hull, head of EMEA capital markets at CBRE, said: "This growth in commercial property investment activity comes at a time when other asset classes have been experiencing increased volatility due to concerns over the future of quantitative easing and further issues surrounding the euro."
These figures correspond with a recent report released by Cushman and Wakefield, which suggested that European commercial investment is now at a five-year high.