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Performance of French commercial property market dips

Date : (News Section: France)

Performance of French commercial property market dips
France's commercial real estate market did not fare well in the second quarter of this year.

This is the finding of the latest European Commercial Property Survey from the Royal Institution of Chartered Surveyors (Rics), which noted occupier and investor demand fell, while rental and capital value expectations have moved into negative territory.

In fact, France was at the bottom of the list in terms of investment activity during the three months from April to June.

Rics pointed out that, as demand from tenants dropped, the amount of available space in French commercial property markets grew.

Simon Rubinsohn, chief economist at the organisation, stated: "The re-emergence of the euro crisis allied to generally weaker economic numbers has clearly taken its toll on much of the real estate world."

However, the Rics findings are at odds with research published by CBRE last month. It revealed investment activity in France increased in Q2, outperforming both the first quarter of 2012 and the same period in 2011.

Article by +Danny Bance on behalf of

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