The European market: how the current cycle compares to past cycles
With the debate around where we are in the cycle intensifying, Nic Fox, Head of Middle Europe at Europa Capital, talks about the current dynamics of the European market, what we can expect going forward and how Europa is placed to deal with these challenges.
With investment volumes likely to exceed those of the previous 2007 peak, are you concerned that the European market may be coming to the end of its cycle?
European transaction volumes have increased steadily year-on-year since the low point of the global financial crisis (‘GFC’) in 2009. 2014 witnessed €223 billion of turnover, a 29% increase on 2013, and the first half of 2015 has seen over €125 billion of transactions completed. Analysts are beginning to draw inevitable comparisons with the trading levels of 2007, when turnover reached over €260 billion, but their analysis throws up clear distinctions in the respective prevailing market conditions, suggesting the market is not peaking.
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