Commercial real estate prices in Europe plummeted in 2023 as uncertainty due to macroeconomic headwinds and tighter monetary policy continued to suppress investor sentiment and transaction volume. Green Street's pan-European commercial property price index, which measures the development of commercial real estate prices across 25 of the most liquid property markets in Europe with August 2007 as a base month and an index value of 100, stood at 98.6 index points in April 2024. That was a decline of about five percent from the same month a year ago. Among the different sectors, offices were most severely affected.
Green Street pan-European commercial property price index and annual percentage change from January 2008 to April 2024
The index value corresponds to the beginning of each month and is equally-weighted between the industrial, office, and retail sectors. The index covers 25 of the most liquid property markets in Europe.
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Statista. (April 4, 2024). Green Street pan-European commercial property price index and annual percentage change from January 2008 to April 2024 [Graph]. In Statista. Retrieved November 19, 2024, from https://www.statista.com/statistics/1398217/pan-european-commercial-property-price-index/
Statista. "Green Street pan-European commercial property price index and annual percentage change from January 2008 to April 2024." Chart. April 4, 2024. Statista. Accessed November 19, 2024. https://www.statista.com/statistics/1398217/pan-european-commercial-property-price-index/
Statista. (2024). Green Street pan-European commercial property price index and annual percentage change from January 2008 to April 2024. Statista. Statista Inc.. Accessed: November 19, 2024. https://www.statista.com/statistics/1398217/pan-european-commercial-property-price-index/
Statista. "Green Street Pan-european Commercial Property Price Index and Annual Percentage Change from January 2008 to April 2024." Statista, Statista Inc., 4 Apr 2024, https://www.statista.com/statistics/1398217/pan-european-commercial-property-price-index/
Statista, Green Street pan-European commercial property price index and annual percentage change from January 2008 to April 2024 Statista, https://www.statista.com/statistics/1398217/pan-european-commercial-property-price-index/ (last visited November 19, 2024)
Green Street pan-European commercial property price index and annual percentage change from January 2008 to April 2024 [Graph], Statista, April 4, 2024. [Online]. Available: https://www.statista.com/statistics/1398217/pan-european-commercial-property-price-index/