Property investment could hit 7-year high in 2014: Savills

European property investment volumes for 2014 are set to reach levels not seen since 2007, according to a new report from property adviser Savills.

It predicts the total investment volume for 15 European markets will surpass €160 bn for 2014, a 10% increase on the €146 bn seen in 2013 and the highest level since the pre-slump peak of 2007 when the figure exceeded €200 bn.

The Savills report monitors 15 markets in western Europe and Scandinavia, including the UK, Germany and France.

‘We will continue to see high investment activity throughout Europe for the rest of the year,’ said Lydia Brissy, director of Savills European research, ‘driven by increasing allocations from cross-border investors and growing appetites from domestic market players. Cross-border investment across the countries we monitor reached 68% of total investment by H1 2014, and we predict this will continue to grow backed by slowly improving property fundamentals.’

For the full report, click here.