A strong rebound was expected in the first months of 2021, but new restrictions imposed due to the pandemic have constrained consumption and slowed down the economic recovery.
Direct investment in commercial real estate was 1.845 billion euros betweenthe months of January and March.
This figure represents a decrease of 32,9% compared to Q4 2020 and a decrease of 45,1% compared to Q1 2020 (pre-covid quarter).
Investment by type of Asset
The residential rental market represented the main focus of investment, attracting 705 million euros (38% of the total investment).
The second top investment choice was the office sector which accounted for 362 million euros (20%).
Despite the uncertainty over occupancy motivated by the increase in remote working, offices continue to be very important for company development.
The logistics sector attracted a lot of attention from investors as well, anddemand for logistics platform was at a record high in the first months of theyear.