Thanks to a strong start of the year, the accumulated volume since the beginning of the year reached €118.9bn, a 1.3% decrease compared to H1 2019
H1 Volume surprisingly resilient
European investment volume totalled €36.2bn in Q2, the lowest quarterly volume since 2013 and 47% down compared to the same period last year. However, thanks to a strong start of the year, the accumulated volume since the beginning of the year reached €118.9bn, a 1.3% decrease compared to H1 2019, which is a relatively solid result given the pandemic situation.
Germany, was the most resilient country, recording a turnover rise of 31.5% compared to the first six months of last year, which in volume translates to €10bn additional investment. Other countries reporting investment turnover growth include Luxembourg (173.1%), Portugal (42.2%), Czech Republic (11.2%), Poland (4.6%) and Romania (3.2%). While at the other end of the spectrum, Ireland (-44.5%), Norway (-38%) and Italy (-29.5%) underwent the strongest investment drops. The proportion of capital targeting core countries increased to 6%, from 58% in H1 2019, confirming the current targeted investors’ appetite for core and liquid markets.
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