Real estate newsletter — September 2013
In the first of a series of articles from associates across our European Alliance network, we look at current market trends and legal developments in a number of the alliance jurisdictions, with a particular focus on the cities in which each associate works, respectively Paris, Berlin and Barcelona.
Last year the French real-estate market witnessed a small (0.1 per cent) increase, despite historically low interest rates. However, it still demonstrated its capacity to withstand the current adverse economic conditions with more than €15bn (£12.6bn) invested and, in particular, €5.4bn (£4.5bn) during Q4 of 2012. Large transactions have sustained the market, with more than 40 deals exceeding €100m (£84bn) and representing more than 50 per cent of the total transaction volume for the year.
Investments mainly focused on prime location Parisian offices and city-centre retail locations, which together made up 51 per cent of transaction volumes. The real-estate market is likely to remain tight and still mainly focused on prime assets, mostly consisting of offices in Paris and its surroundings and city-centre retail assets…
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