11.04.2012 - European commercial property volumes in Q1 almost halved y-o-y: JLL
Direct commercial property transactions in Europe, the Middle East and Africa (EMEA) tumbled 45% in the first quarter of 2012 to EUR 20 bn, according to preliminary data compiled by Jones Lang LaSalle. A year ago, EMEA accounted for transaction volume of EUR 37 bn in the first three months. Global direct commercial property transactions in Q1 2012 fell less sharply, by 23% to $75 bn (EUR 57 bn) compared to the same period last year. All major property markets recorded a quieter start to the year after a very active 2011, particularly in the final quarter..............................................Full Article: Source
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