Nije dostupno na hrvatskom jeziku.
Dorota Ścibisz
- 20 November 2019
- FINANCIAL STABILITY REVIEW - BOXFinancial Stability Review Issue 2, 2019Details
- Abstract
- The upswing in euro area commercial real estate (CRE) markets in recent years has reflected, in part, a strong appetite from international investors, including US investment funds. Since 2013 transactions in euro area CRE markets have more than doubled, alongside a 20% increase in prices (15% in real terms) and a decline in average yields from 5.2% to 3.5%. In parallel, the share of transactions by foreign investors increased to 54% in 2018, from an average of 49% in 2013 when a particularly strong pick-up in transaction volumes started. Furthermore, the role of investment funds in foreign transactions increased to 63% in 2018 from 48% in 2013, with around 40% of these on average originating from the United States.