Europe’s Sluggish Property Market Is Slowly Coming Back to Life

Europe’s commercial real estate market posted its best quarter for deal making since the European Central Bank brought the cheap money era to a a shuddering halt in 2022.

Investment volumes in European commercial real estate hit €86.1 billion ($103 billion) in the final three months of last year, the most since the first quarter of 2022 when Russia invaded Ukraine, according to data compiled by broker CBRE Group Inc. It brought the full-year total to €241 billion, a 13% increase on 2024, the broker’s data show.