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. The office sector was most severely affected, with property prices declining by nearly 12 percent year-on-year as of April 2024, according to Green Street's pan-European commercial property price index. The index 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. In May 2023, commercial real estate prices declined by approximately 26 percent, which was the largest year-on-year decrease recorded.
Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2024, by property type
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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Green Street Advisors. (April 4, 2024). Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2024, by property type [Graph]. In Statista. Retrieved December 19, 2024, from https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors. "Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2024, by property type ." Chart. April 4, 2024. Statista. Accessed December 19, 2024. https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors. (2024). Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2024, by property type . Statista. Statista Inc.. Accessed: December 19, 2024. https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors. "Green Street Pan-european Commercial Property Price Index (Cppi) and Annual Percentage Change as of April 2024, by Property Type ." Statista, Statista Inc., 4 Apr 2024, https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
Green Street Advisors, Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2024, by property type Statista, https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/ (last visited December 19, 2024)
Green Street pan-European commercial property price index (CPPI) and annual percentage change as of April 2024, by property type [Graph], Green Street Advisors, April 4, 2024. [Online]. Available: https://www.statista.com/statistics/1398487/pan-european-commercial-property-price-index-by-type/
