European property markets face uncertainty, strong appetites

Uncertainty weighs on the U.K. real estate market, but investor appetite remains strong across Europe, according to CBRE’ s “European Investment MarketView for second quarter 2016,” which reported European real estate investment volumes during the second quarter.

Commercial real estate investment was strong across Europe during second quarter 2016, totaling €54 billion ($60 billion), up 2.5 percent on first quarter 2016 and 30.4 percent on the 10-year average, although activity fell short of second quarter 2015. The office sector had the strongest quarter, seeing an 8.3 percent increase on first quarter 2016, driven by a particularly strong performance in the Nordic region.

Investment volumes in France and Sweden, Europe’s third and fourth largest markets, have grown 32 percent and 20 percent, respectively. Second quarter 2016 results in both France and Sweden were boosted by buoyant office sectors.

Ireland also performed