UK and German remains top European locations for retail property investment
With a 32% market share, the UK remains Europe’s largest retail investment market, according to a new report by Cushman & Wakefield.
Retail property sales in the UK increased 14% in the second quarter of 2013 compared with the first quarter and are up 94% over the first six months of 2013 compared to 2012.
Cushman & Wakefield notes that overall it has been the largest markets boosting the sector’s numbers, led by the UK and Germany but with France, Sweden, Norway and Denmark all seeing a good increase on the first half of 2012.
More interestingly, notes the real estate group, "some markets which had been overlooked of late have also rallied well, with interest up in the first of the year in Greece, Ireland, Italy and Portugal for example and more deals expected in the short term here and in Spain as attractive pricing draws in investors."