About EUR 21.5 bn were invested in France during the first nine months of 2007, surpassing the EUR 18.5 bn of investment registered in the same period last year, according to the new Market View report published by CB Richard Ellis. Offices are still the most sought-after type of products in the country, accounting for 79% of investment, followed by industrial premises (12%) and retail space (9%).
About EUR 21.5 bn were invested in France during the first nine months of 2007, surpassing the EUR 18.5 bn of investment registered in the same period last year, according to the new Market View report published by CB Richard Ellis. Offices are still the most sought-after type of products in the country, accounting for 79% of investment, followed by industrial premises (12%) and retail space (9%).
Institutional investors accounted for about 61% of investment in France, while investment funds ranked second in acquisition with 32% of the total amount, followed by private investors and developers, who accounted for 6% and 1% of investments respectively.
A striking feature of the market was an abundance of portfolio sales, which amounted to EUR 4.4 bn in the past nine months, according to CB Richard Ellis.
Despite recent adjustments in the financial markets due to the credit crisis in the US, there was no slowdown in the property investment market during the summer, the global advisor said. These events are nonetheless now prompting investors to adopt a certain wait-and-see attitude. Yields remained stable in the third quarter.
