Jan
07

Europe Property Sales Growth to Slump to Zero, Knight Frank Says

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  • Broker sees shrinking demand from Asia and Middle East
  • Rising rents and low vacancies an opportunity for developers

Offices and shops in London, Paris and Frankfurt may be a little harder to sell this year because of concerns over high prices and shrinking demand from Asian and Middle East investors.

The value of commercial property sales will probably be little changed in 2016, following three years in which it rose by more than 20 percent, property broker Knight Frank LLP said in a report on Friday. The deal volume for 2015 amounted to about 235 billion euros ($255 billion), according to the firm’s provisional estimate, approaching the 260 billion-euro record set in 2007…

Europe Property Sales Growth to Slump to Zero, Knight Frank Says

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