Commercial Real Estate Market in Europe Size to grow by USD 94.59 billion between 2024-2028
Technavio, a leading provider of market research reports, has released its latest study on Commercial Real Estate Market in Europe. This report offers a comprehensive analysis of the current market trends, emerging opportunities, and key challenges.
Key Highlights:
The market size is estimated to grow by USD 94.59 billion, at a CAGR of 6.08% during the forecast period. The European commercial real estate market is experiencing an upward trend in transaction complexity, cost, and duration. According to recent data, the average length of real estate transactions in Europe increased by 33% in 2020. In Germany, 20% of companies plan to reduce their investment activities, while 23% aim to expand them, and 58% intend to maintain their previous investment levels. In contrast, 82% of UK investors are looking to expand their international business, and a similar sentiment is shared by 64% of French real estate experts. Spanish investors are more cautious, with 46% planning to invest the same amount as before and 42% aiming to increase their international presence.
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In the European commercial real estate market landscape of 2023, Germany holds the largest market share. This popularity stems from its robust and adaptable economy, political stability, and a highly skilled labor force of over 80 million individuals, bolstered by a substantial presence of qualified expatriates. These factors collectively contribute to Germany's enduring allure as a prime investment destination for commercial real estate.
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